About Welltok
Welltok is a company based in Denver (United States) founded in 2009 by Scott Rotermund was acquired by Virgin Pulse in November 2021.. Welltok has raised $311.71 million across 16 funding rounds from investors including Qualcomm, IBM and SVB. The company has 305 employees as of December 31, 2020. Welltok has completed 9 acquisitions, including IncentOne, Keas and Mindbloom. Welltok offers products and services including Consumer Activation Platform and MoveIt Event. Welltok operates in a competitive market with competitors including Hinge Health, Practo, Accolade, Magellan Health and Sharecare, among others.
- Headquarter Denver, United States
- Employees 305 as on 31 Dec, 2020
- Founders Scott Rotermund
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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
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$311.71 M (USD)
in 16 rounds
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Latest Funding Round
$17.38 M (USD), Series E
Apr 15, 2021
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Investors
Qualcomm
& 21 more
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Employee Count
305
as on Dec 31, 2020
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Investments & Acquisitions
IncentOne
& 8 more
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Acquired by
Virgin Pulse
(Nov 10, 2021)
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Products & Services of Welltok
Welltok offers a comprehensive portfolio of products and services, including Consumer Activation Platform and MoveIt Event. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for connecting consumers to personalized health resources in healthcare.
Event focused on health initiatives and wellbeing resources.
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Funding Insights of Welltok
Welltok has successfully raised a total of $311.71M across 16 strategic funding rounds. The most recent funding activity was a Series E round of $17.38 million completed in April 2021. 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 16
- Last Round Series E — $17.4M
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First Round
First Round
(24 Aug 2011)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Series E - Welltok | Valuation |
investors |
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| Jul, 2020 | Amount | Series E - Welltok | Valuation |
investors |
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| Aug, 2018 | Amount | Series E - Welltok | 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 Welltok
Welltok has secured backing from 22 investors, including institutional and venture fund investors. Prominent investors backing the company include Qualcomm, IBM and SVB. 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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Venture capital investments are offered to startups by NEA.
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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Venture capital is provided to expanding B2B software companies.
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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 Welltok
Welltok has strategically engaged in corporate development activities, having acquired 9 companies. Notable acquisitions include IncentOne, Keas and Mindbloom. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Analytical solutions and technology services are provided for healthcare providers.
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2011 | ||||
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SaaS platform for healthcare marketing and analytics is provided.
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2011 | ||||
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A gamified program is offered to promote children's physical activity.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Welltok
| 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 |
Welltok Comparisons
Competitors of Welltok
Welltok 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, Practo, Accolade, Magellan Health and Sharecare, 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 |
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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| domain | founded_year | HQ Location |
Health and wellness social network for employees is provided.
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| domain | founded_year | HQ Location |
Employee health and well-being solutions are delivered through a platform.
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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 Welltok
Frequently Asked Questions about Welltok
When was Welltok founded?
Welltok was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Where is Welltok located?
Welltok is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
Who is the current CEO of Welltok?
Chris Michalak is the current CEO of Welltok.
Is Welltok a funded company?
Welltok is a funded company, having raised a total of $311.71M across 16 funding rounds to date. The company's 1st funding round was a Series E of $13.29M, raised on Aug 24, 2011.
How many employees does Welltok have?
As of Dec 31, 2020, the latest employee count at Welltok is 305.
What does Welltok do?
Welltok was founded in 2009 and is headquartered in Denver, United States, within the health technology sector. A cloud-based platform is operated to support employee wellbeing through data collection and machine-learning analytics. Employees are engaged via personalized insights and rewards, with features such as a clinical database integrated for comprehensive health management across organizations.
Who are the top competitors of Welltok?
Welltok's top competitors include Accolade, Hinge Health and Wellhub.
What products or services does Welltok offer?
Welltok offers Consumer Activation Platform and MoveIt Event.
How many acquisitions has Welltok made?
Who are Welltok's investors?
Welltok has 22 investors. Key investors include Qualcomm, IBM, SVB, Ziff Davis, and Bessemer Venture Partners.