# Welbi Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/welbi-technologies

- Industry: Software
- Headquarters: Ottawa, Canada
- Website: www.welbi.co
- Total disclosed funding: $2.3M
- Latest round: Seed (Jul 13, 2022)
- Investors on record: 8

## About

Welbi Technologies Inc. is a provider of an innovative Resident Engagement AI Platform tailored for senior living communities, enhancing resident experiences and operational efficiency.Welbi Technologies Inc. specializes in creating a Resident Engagement AI Platform designed for senior living communities. Founded in 2016 in Ottawa, Canada, by Elizabeth Audette-Bourdeau, Felipe Izquierdo, and Jean-Paul Mong, the company has successfully completed 6 deals, with the most recent deal occurring on July 13, 2022. The company raised CAD 3 million in Seed funding from investors including Graphite Ventures, MaRS Investment Accelerator Fund, Roach Capital, and SoGal Ventures. Elizabeth Audette-Bourdeau serves as the CEO.Welbi offers a comprehensive Resident Engagement AI Platform designed specifically for senior living communities. This platform enables organizations to deliver personalized experiences at scale, enhancing resident satisfaction, occupancy rates, and overall length of stay. Key functionalities include intelligent assessments, AI-driven resident profiles, activity matching, and attendance tracking, all of which facilitate meaningful interactions between staff and residents. The platform also supports automated workflows and compliance management, providing real-time insights that help senior living communities streamline operations and meet regulatory requirements. Welbi's client base primarily includes senior living communities across North America, which utilize these tools to foster engagement and improve the quality of life for their residents.Welbi operates on a subscription-based revenue model, whereby clients pay for access to its suite of AI-driven tools and services tailored for the senior living sector. The company’s transactions typically involve partnerships with senior living organizations that integrate Welbi’s platform into their operational frameworks. These contracts are structured around different tiers of service, providing varying levels of functionality and support based on the needs of the client. By focusing on personalized resident engagement and operational efficiency, Welbi positions itself as a pivotal partner in enhancing the performance of senior living communities, ultimately driving revenue through improved resident retention and satisfaction.In July 2022, Welbi Technologies Inc. raised CAD 3 million in Seed funding to expand its business reach, specifically targeting the U.S. market by the end of 2022. The funding will also be utilized to triple the size of its team, supporting the development of new products and enhancements to existing offerings.

## Funding rounds

- Seed, Jul 13, 2022, $2.3M — MaRS Investment Accelerator Fund, SoGal Ventures, Graphite Ventures, Roach Capital
- Seed, Nov 1, 2019 — Third Act Ventures
- Seed, Jul 31, 2019 — Ontario Centre of Innovation, MaRS Investment Accelerator Fund
- Angel, Jan 1, 2018 — Capital Angel Network, McNamara Family Investments

## Investors

- Capital Angel Network — Angel
- McNamara Family Investments (https://capitalatlas.ai/funds/mcnamara-family-investments) — Angel
- Ontario Centre of Innovation (https://capitalatlas.ai/funds/ontario-centre-of-innovation) — Seed
- MaRS Investment Accelerator Fund (https://capitalatlas.ai/funds/mars-investment-accelerator-fund) — Seed
- Third Act Ventures (https://capitalatlas.ai/funds/third-act-ventures) — Seed
- SoGal Ventures (https://capitalatlas.ai/funds/sogal-ventures) — Seed
- Graphite Ventures (https://capitalatlas.ai/funds/graphite-ventures) — Seed
- Roach Capital (https://capitalatlas.ai/funds/roach-capital) — Seed