Source: PrivateEquityWire
Healthcare platform Wellth closes USD10m series A round Submitted By Karin Wasteson | 12/05/2020 – 7:37pm Wellth, a platform designed to improve treatment adherence using behavioural economics, has received USD10 million in Series A funding round. Existing investors yabeo and Boehringer Ingelheim Venture Fund (BIVF) co-led the funding round with participation from returning investors AXA Venture Partners, New York Life Ventures, NFP Ventures and I2BF Global Ventures, as well as new investors Rock Health and DaVita Venture Group. Wellth will use the new capital to support rapid scaling to address larger and broader populations of patients. Wellth members receive financial incentives, nudges, and behavioural reinforcements to establish healthy, lasting habits. Once enrolled, members use Wellth’s platform to submit scheduled check-ins aligning with their care plans. “Our mission has always been to seek out and support the patient populations that need help the most,” said Wellth CEO and co-founder Matthew Loper. “The current coronavirus pandemic has further increased the need to support the health of vulnerable populations remotely with digital tools.
