About Welt
Welt is a company based in Seoul (South Korea) founded in 2016.. Welt has raised $10.07 million across 1 funding round from investors including Korean Development Bank, Handok and Envisioning Partners. Welt offers products and services including Digital Biomarkers and Digital Therapeutics. Welt operates in a competitive market with competitors including Catapult, Cipher Skin, Sensoria, Eleksen and FitLinxx, among others.
- Headquarter Seoul, South Korea
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Sectors
HealthcareTechnology
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Email
***********
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.07 M (USD)
in 1 rounds
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Latest Funding Round
$10.07 M (USD), Series C
Jun 26, 2024
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Investors
Korean Development Bank
& 4 more
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Employee Count
Employee Count
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Products & Services of Welt
Welt offers a comprehensive portfolio of products and services, including Digital Biomarkers and Digital Therapeutics. 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.
Uses smartphones and sensors to track and predict health outcomes.
Delivers personalized treatments based on data insights for diseases.
Funding Insights of Welt
Welt has successfully raised a total of $10.07M through 1 strategic funding round. The most recent funding activity was a Series C round of $10.07 million completed in June 2024. 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 1
- Last Round Series C — $10.1M
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First Round
First Round
(26 Jun 2024)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series C - Welt | Valuation | Envisioning Partners |
| 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 Welt
Welt has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Korean Development Bank, Handok and Envisioning Partners. 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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No specific activity is described for this entity.
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Founded Year | Domain | Location | |
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Provider of a venture capital firm for various sectors
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Founded Year | Domain | Location | |
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Development financing and commercial banking are provided in South Korea.
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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 Welt
| 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 - Welt
| 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 |
Welt Comparisons
Competitors of Welt
Welt 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 Catapult, Cipher Skin, Sensoria, Eleksen and FitLinxx, 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 |
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| domain | founded_year | HQ Location |
Sports technology solutions are provided to enhance athlete performance.
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| domain | founded_year | HQ Location |
Biometric apparels for 3D body movement measurement are developed.
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| domain | founded_year | HQ Location |
Sensor-equipped wearables are developed for biometric monitoring.
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| domain | founded_year | HQ Location |
Textile fabric sensors for smart clothing were developed.
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| domain | founded_year | HQ Location |
Provider of wireless wearable fitness solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Welt
Frequently Asked Questions about Welt
When was Welt founded?
Welt was founded in 2016 and raised its 1st funding round 8 years after it was founded.
Where is Welt located?
Welt is headquartered in Seoul, South Korea.
Is Welt a funded company?
Welt is a funded company, having raised a total of $10.07M across 1 funding round to date. The company's 1st funding round was a Series C of $10.07M, raised on Jun 26, 2024.
What does Welt do?
WELT is a smart belt developed by Welt Corp which is a spin-off company from Samsung Electronics. The belt tracks used a pedometer to track users fitness metrics like steps taken and calories burned. The WELT uses a magnetic waist sensor to track users waist size in real time. Using this data they can calculate calorie intake. The device connects to the smartphone via Bluetooth. The proprietary app gives insights about users health by analysing the data collected by the WELT. Have raised more than 72K on Kickstarter.
Who are the top competitors of Welt?
Welt's top competitors include Catapult, Sensoria and Cipher Skin.
What products or services does Welt offer?
Welt offers Digital Biomarkers and Digital Therapeutics.
Who are Welt's investors?
Welt has 5 investors. Key investors include Korean Development Bank, Handok, Envisioning Partners, IMM Investment, and Shinhan Venture Investment.
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