# Well Dot

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/well-dot

- Industry: Healthcare IT
- Headquarters: Chapel Hill, US
- Website: www.well.co
- Total disclosed funding: $148M
- Latest round: Series B (Oct 15, 2021)
- Investors on record: 5

## About

Well Dot, Inc. is a US-based health engagement platform that offers personalized health support via a mobile application, aimed at enhancing users' well-being through tailored health journeys and proactive recommendations.Founded in 2019 in Chapel Hill, US, Well Dot, Inc. provides a health engagement platform that focuses on personalized health management. The company has raised a total of USD 10 mn in its latest funding round, the SERIES B, completed on July 25, 2024. Gary Loveman serves as the CEO, leading the company alongside co-founders David Werry, George Yacoub, Hui-Chih Chang, Ljubica Topic, and Marc van Tilburg.Well is a health engagement platform that offers personalized daily health support through its core service: a mobile application designed to deliver tailored health journeys for users. The app functions by analyzing individual user data to create unique health pathways that align with personal goals, behaviors, and patterns. This includes multi-day health plans and proactive recommendations aimed at improving users' overall well-being. Well's services are targeted primarily at health-conscious individuals who seek to enhance their health management while simultaneously earning rewards and incentives. The app also incorporates a concierge team to assist users with healthcare navigation, billing inquiries, and local provider scheduling. Well’s products are currently marketed in the United States and select international markets, appealing to both individual consumers and employers looking to offer health engagement tools to their workforce.Well generates revenue through a combination of partnerships with employers and direct-to-consumer offerings. Clients, typically companies providing employee health benefits, integrate Well’s services into their health programs, leveraging the app to enhance employee engagement and well-being. Users, after signing up, can earn rewards for reaching health milestones, which may encourage continued participation and adherence to their health plans. The structure encompasses various subscription models for employers, while individual users benefit from sign-up bonuses and ongoing challenges that promote health improvement. Well’s approach not only incentivizes healthy behavior but also builds a sustainable revenue stream through partnerships and user engagement. Specific pricing plans for services offered are tailored according to the needs of the client organizations.In July 2024, Well Dot, Inc. raised USD 10 mn in SERIES B funding from unspecified investors. The company will use this funding to expand its AI-powered health engagement platform, enhance concierge support services, strengthen risk prediction capabilities, and accelerate the development of its health interventions. Future plans include launching new product features designed to improve user experience and expanding into additional markets with a focus on enhancing its reach in both domestic and selected international markets.

## Funding rounds

- Series B, Oct 15, 2021, $72M — Hellman & Friedman, General Catalyst Partners, Valeas Capital Partners
- Series A, Dec 14, 2020, $51M — General Catalyst Partners, Mosaic Health Solutions
- Seed, Nov 13, 2019, $25M — Hellman & Friedman, General Catalyst Partners, Mosaic Health Solutions, Blue Cross And Blue Shield Of North Carolina Retirement Plan

## Investors

- Hellman & Friedman (https://capitalatlas.ai/funds/hellman-friedman) — Seed, Series B
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Seed, Series A, Series B
- Mosaic Health Solutions (https://capitalatlas.ai/funds/mosaic-health-solutions) — Seed, Series A
- Blue Cross And Blue Shield Of North Carolina Retirement Plan — Seed
- Valeas Capital Partners (https://capitalatlas.ai/funds/valeas-capital-partners) — Series B