Wednesday, October 15, 2014

Welltok Gets $25M More For Health Management

Denver-based Welltok, which develops software used to help manage health and wellness in employee and other populations, said today that it has raised $25M in a funding round. The funding is part of a larger, $37M planned funding round the company says it expects to close later this year. Welltok said the new funding was led by Bessemer Venture Partners, and will go towards growth and expansion into new market segments. Welltok--led by Jeff Margolis--develops rewards and other programs to help healthcare insurance, health systems, employees, and others reward consumers for taking better care of their health. As part of the funding, BVP's Stephen Kraus joins the company's board. Welltok's other investors are Emergence Capital Partners, InterWest Partners, New Enterprise Associates (NEA), Qualcomm Ventures and IBM's Watson Group.