# Wellem

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wellem

- Industry: Healthcare
- Headquarters: Shanghai, China
- Website: www.wellem.com
- Total disclosed funding: $30M
- Latest round: Series C (Apr 20, 2019)
- Investors on record: 8

## About

Wellem is a company specializing in innovative automation solutions aimed at enhancing operational efficiency in various industries, providing real-time data analytics and seamless integration with existing infrastructures.Founded in 2014, Wellem operates from its headquarters in Shanghai, China, focusing on automation systems for manufacturing and logistics. The company has successfully completed a total of 6 deals, with its most recent funding round being a Series B in November 2020, raising USD 30.00 mn led by GTJA Investment Group. The CEO and Founder, Xiaoxiao Liu, has guided the company through its strategic development without significant pivots or changes in its operations.Wellem offers a range of innovative solutions primarily focused on enhancing efficiency and productivity within various industries. The company’s core product line includes advanced automation systems designed to streamline operations in manufacturing and logistics. These systems integrate seamlessly with existing infrastructure, providing real-time data analytics that help clients optimize their workflows and reduce operational costs. Their products are tailored for diverse end users, from large corporations seeking to enhance operational capabilities to small and medium-sized enterprises aiming for competitive advantages in their respective markets. Wellem's offerings are marketed in North America and Europe, where they have established a robust client base across sectors such as automotive, consumer goods, and healthcare.Revenue generation at Wellem is primarily driven through business-to-business transactions, where the company partners directly with clients to implement its automation solutions. The structure of these transactions typically involves customized contracts reflecting the specific needs and scale of each client. For instance, clients might engage in subscription-based agreements that include software updates and ongoing technical support, enhancing the value of Wellem's offerings. Additionally, Wellem may also enter into partnerships with distributors to broaden its market reach, ensuring that its flagship products are easily accessible to end users. While specific pricing details for individual services and products are not disclosed, the company’s approach emphasizes delivering tailored solutions that align with the operational goals of its diverse clientele.Wellem plans to leverage its recent funding of USD 30.00 mn from the Series B round to design and launch new automation products aimed at improving efficiency in logistics by 2022. The company is also targeting expansion into the Southeast Asian market, particularly focusing on Indonesia and Vietnam, with plans to establish a presence there by late 2023. The recent funding will support product development and market entry strategies, enhancing Wellem's competitive edge in new regions.

## Funding rounds

- Series C, Apr 20, 2019 — NLVC, Goldman Sachs Asset Management, Stonebridge Capital, GX Capital, Dalton Venture
- Series C, Oct 1, 2018 — NLVC, Goldman Sachs Asset Management, Stonebridge Capital, GX Capital, Dalton Venture
- Series B, Apr 10, 2018 — NLVC, Dalton Venture
- Series B, Sep 12, 2017, $30M — GTJA Investment Group, Dalton Venture, Chengdu Ares Yuankang Investment Management
- Series A, Jan 6, 2017 — Greatwall Fund, Dalton Venture, Chengdu Ares Yuankang Investment Management

## Investors

- Greatwall Fund (https://capitalatlas.ai/funds/greatwall-fund) — Series A
- Dalton Venture (https://capitalatlas.ai/funds/dalton-venture) — Series A, Series B, Series C
- Chengdu Ares Yuankang Investment Management (https://capitalatlas.ai/funds/chengdu-ares-yuankang-investment-management) — Series A, Series B
- GTJA Investment Group (https://capitalatlas.ai/funds/gtja-investment-group) — Series B
- NLVC (https://capitalatlas.ai/funds/nlvc) — Series B, Series C
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series C
- Stonebridge Capital (https://capitalatlas.ai/funds/stonebridge-capital) — Series C
- GX Capital (https://capitalatlas.ai/funds/gx-capital) — Series C