About Wellteq
Wellteq is a Technology company based in Singapore (Singapore) founded in 2013, and was acquired by AHI in December 2022. Virtual team challenges for workplace fitness are facilitated through gamification. It operates in the Technology and Healthcare sectors. Wellteq has raised $1.56 million across 2 funding rounds from investors including Advanced Health Intelligence, Peak Asset Management and Terranova Resources. The company was acqui-hired. Its focus areas include Enterprise Applications, HRTech, Employee Benefits and Health Benefits. Its legal entity is WELLTEQ PTE. LTD.
Company details
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.
- Headquarters Singapore, Singapore
- Stage Public
- SectorsTechnologyHealthcare
- Email••••••••
- Website wellteq.co
- Social LinkedIn X
- Acquired by AHI (Dec 2022)
- Legal Name Wellteq Pte. Ltd.
- Annual Revenue$321.42 K (USD)356as on Jun 30, 2021
- Net Profit-$592.42 K (USD)-260as on Jun 30, 2021
- Total Equity Funding$1.56M (USD)
in 2 rounds
- Latest Funding Round$959.75K (USD), Seed
Sep 2017
- InvestorsAdvanced Health Intelligence
& 2 more
- Acquired by
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 $1.56M
- Total Rounds 2
- Last Round Seed — $959,754
- First Round $600,000
(Sep 2015)
- Investors Count 1
All 2 funding rounds of Wellteq with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2017 | $959,754 | Seed | – | – | |
| Sep 2015 | $600,000 | Seed | – | – | – |
3 investors in total: 3 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| peakassetmanagement.com.au | ||||
A company focused on building a world-class gold mining operation. | terranovaresources.com | |||
Facial and body recognition SDKs are provided for healthcare applications. | 2014 | ahi.tech | Perth, Australia |
Investor details for Wellteq
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Wellteq
5 people are tracked at Wellteq (3 in leadership, 2 in board & advisors).
| Name | Role | Group |
|---|---|---|
Jeames Gillett | COO | Leadership |
Scott Montgomery | CEO | Leadership |
Daniel Starbuck | CTO | Leadership |
Peter Vaughan | Chairman | Board & advisors |
Brian Leeners | Director | Board & advisors |
Complete people profiles for Wellteq
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
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Verified entity values are shown only after access is granted.
Timeline of Wellteq
6 dated milestones of Wellteq across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Wellteq is founded.
- Funding First funding round of $600K.
- Funding Latest funding round, Seed, of $960K.
- Exit Acquired by Terranova Resources.
- IPO Lists on the stock exchange (IPO).
- Exit Acquired by AHI.
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Frequently Asked Questions about Wellteq
Wellteq was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Wellteq is headquartered in Singapore, Singapore.
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 2015.
Annual revenue of Wellteq is $321.42K as on Jun 30, 2021.
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.
Wellteq has 3 investors. Key investors include Advanced Health Intelligence, Peak Asset Management, and Terranova Resources.
Wellteq operates through Wellteq Pte. Ltd..
Yes. Wellteq was acquired by AHI in December 2022.