About Wellteq
Wellteq is a company based in Singapore (Singapore) founded in 2013 was acquired by AHI in December 2022.. Wellteq has raised $1.56 million across 2 funding rounds from investors including Advanced Health Intelligence, Peak Asset Management and Terranova Resources. Wellteq operates in a competitive market with competitors including Hinge Health, Cult.fit, HealthifyMe, Practo and Accolade, among others.
- Headquarter Singapore, Singapore
- Stage Public
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Sectors
TechnologyHealthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Wellteq Pte. Ltd.
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Annual Revenue
$321.42 K (USD)356as on Jun 30, 2021
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Net Profit
$-592.42 K (USD)-260as on Jun 30, 2021
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EBITDA
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Total Equity Funding
$1.56 M (USD)
in 2 rounds
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Latest Funding Round
$959.75 K (USD), Seed
Sep 18, 2017
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Investors
Advanced Health Intelligence
& 2 more
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Employee Count
Employee Count
- Acquired by
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Funding Insights of Wellteq
Wellteq has successfully raised a total of $1.56M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $959.75 thousand completed in September 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $959,754
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First Round
First Round
(28 Sep 2015)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2017 | Amount | Seed - Wellteq | Valuation |
investors |
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| Sep, 2015 | Amount | Seed - Wellteq | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Wellteq
Wellteq has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Advanced Health Intelligence, Peak Asset Management and Terranova Resources. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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A company focused on building a world-class gold mining operation.
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Founded Year | Domain | Location | |
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Facial and body recognition SDKs are provided for healthcare applications.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Wellteq
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Wellteq
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wellteq Comparisons
Competitors of Wellteq
Wellteq operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hinge Health, Cult.fit, HealthifyMe, Practo and Accolade, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Virtual physical therapy and digital pain care solutions are provided.
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| domain | founded_year | HQ Location |
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts
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| domain | founded_year | HQ Location |
AI-powered personalized nutrition and fitness coaching is provided.
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| domain | founded_year | HQ Location |
Doctor appointments are booked and healthcare professionals are consulted online.
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| domain | founded_year | HQ Location |
Employee health benefits are facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Behavioral healthcare management and pharmacy services are provided for employees.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wellteq
Frequently Asked Questions about Wellteq
When was Wellteq founded?
Wellteq was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Wellteq located?
Wellteq is headquartered in Singapore, Singapore.
Is Wellteq a funded company?
Wellteq is a funded company, having raised a total of $1.56M across 2 funding rounds to date. The company's 1st funding round was a Seed of $600K, raised on Sep 28, 2015.
What is the annual revenue of Wellteq?
Annual revenue of Wellteq is $321.42K as on Jun 30, 2021.
What does Wellteq do?
Wellteq was founded in 2013 in Singapore and operates in the workplace wellness sector. Virtual team activity challenges are provided, simulating eight-week treks in exotic locations to promote employee fitness. Teams are formed for building collaboration, while activity, sleep, and nutrition data are synced from Bluetooth devices. Achievement badges are awarded based on progress, supporting corporate health initiatives across remote work environments.
Who are the top competitors of Wellteq?
Wellteq's top competitors include Cult.fit, Accolade and Hinge Health.
Who are Wellteq's investors?
Wellteq has 3 investors. Key investors include Advanced Health Intelligence, Peak Asset Management, and Terranova Resources.