Thursday, October 6, 2016

Welltok Finds $33.7M More

Denver-based Welltok, led by Jeff Margolis, said today that it has raised $33.7M in a Series E funding round. The funding came from New Enterprise Associates, Bessemer Venture Partners, Georgian Partners, Emergence Capital, InterWest Partners, Sigma Partners, HLM Venture Partners, Flare Capital Partners, Trustmark, Qualcomm Life Fund, Hearst Health Ventures, EDBI, Okapi Venture Capital and Miramar Ventures. The company also said it received a new debt facility, wroth $13M, which came from Silicon Valley Bank. Welltok develops enterprise health software, which is used by consumers to access benefits, resources and rewards from health plans.