About Workit Health
Workit Health is a company based in Bakersfield (United States) founded in 2015.. Workit Health has raised $132 million across 7 funding rounds from investors including FirstMark, Insight Partners and BVF. Workit Health operates in a competitive market with competitors including Bicycle Health, Boulder Care, Pelago, Monument and DynamiCare Health, among others.
- Headquarter Bakersfield, United States
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Sectors
Healthcare
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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
$132 M (USD)
in 7 rounds
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Latest Funding Round
$946.61 K (USD), Grant
Jun 01, 2024
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Investors
FirstMark
& 14 more
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Employee Count
Employee Count
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Funding Insights of Workit Health
Workit Health has successfully raised a total of $132M across 7 strategic funding rounds. The most recent funding activity was a Grant round of $946.61 thousand 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 7
- Last Round Grant — $946,613
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First Round
First Round
(08 Aug 2016)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Grant - Workit Health | Valuation |
investors |
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| Jun, 2023 | Amount | Grant - Workit Health | Valuation |
investors |
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| Sep, 2021 | Amount | Series C - Workit Health | Valuation | Insight 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 Workit Health
Workit Health has secured backing from 15 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include FirstMark, Insight Partners and BVF. 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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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Funding is provided to healthcare startups by corporate-backed BVF.
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Founded Year | Domain | Location | |
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Tech startups are invested in by 3L Capital venture firm.
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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 Workit Health
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Workit Health
| 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 |
Workit Health Comparisons
Competitors of Workit Health
Workit Health 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 Bicycle Health, Boulder Care, Pelago, Monument and DynamiCare Health, 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 |
An online platform is provided for deaddiction doctor consultations.
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| domain | founded_year | HQ Location |
Telehealth-based treatment for substance use disorders is provided.
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| domain | founded_year | HQ Location |
Personalized virtual clinic solutions for substance use disorders are provided.
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| domain | founded_year | HQ Location |
SaaS telehealth platform for de-addiction support is provided.
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| domain | founded_year | HQ Location |
Digital therapeutics for substance use recovery are provided.
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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 Workit Health
Frequently Asked Questions about Workit Health
When was Workit Health founded?
Workit Health was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Workit Health located?
Workit Health is headquartered in Bakersfield, United States. It is registered at Bakersfield, California, United States.
Who is the current CEO of Workit Health?
Gil Kochman is the current CEO of Workit Health.
Is Workit Health a funded company?
Workit Health is a funded company, having raised a total of $132M across 7 funding rounds to date. The company's 1st funding round was a Series C of $118M, raised on Aug 08, 2016.
What does Workit Health do?
Workit Health was founded in 2015 in Bakersfield, United States, within the health technology sector. A mobile platform is operated to support sobriety maintenance, offering 24-hour access to therapeutic tools in written and audio formats, adaptive learning features, and a community for recovery interactions. Assistance is extended to individuals recovering from addiction and alcoholism through immediate peer connections.
Who are the top competitors of Workit Health?
Workit Health's top competitors include Bicycle Health, Pelago and Boulder Care.
Who are Workit Health's investors?
Workit Health has 15 investors. Key investors include FirstMark, Insight Partners, BVF, 3L Capital, and CVS Health Ventures.