# Wello

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wello-3

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.wello.info
- Latest round: Seed (Apr 1, 2022)
- Investors on record: 2

## About

Wello Inc., based in South Korea, provides an innovative platform that connects users with relevant government policies through advanced artificial intelligence, simplifying the process for individuals and families seeking assistance.Founded in 2021 in Seoul, South Korea, Wello Inc. specializes in policy recommendation services. The company has undertaken a strategic pivot to focus on leveraging AI and natural language processing for improved user experience. Wello has completed a total of 3 deals, with the most recent funding round occurring on July 28, 2023. Information about the founder is currently unavailable.Wello Inc. offers a comprehensive policy recommendation service designed to assist individuals and families in identifying government policies that meet their specific needs. Utilizing advanced artificial intelligence and natural language processing technologies, Wello connects users with relevant policies in a manner that simplifies the search process. The platform addresses common challenges faced by citizens, such as the complexities of applying for benefits or the lack of awareness regarding available governmental support. The service is available to all South Korean citizens at no cost, ensuring wide accessibility. Wello's offerings extend beyond individual users, catering to businesses through its WelloBiz service, which provides policy intelligence for startups and larger enterprises aiming for growth and sustainability. Wello operates primarily within South Korea, targeting both individual consumers and corporate clients across various sectors.Wello generates revenue through its flagship services, which include personalized policy recommendations and business intelligence solutions for companies. The company’s transactional model is primarily B2C for its individual policy recommendation service, while its WelloBiz offering operates on a B2B basis, providing tailored insights to corporations seeking government support. Clients engage with Wello's services through a subscription or partnership model, allowing them access to continuous updates and personalized policy information. The pricing structure for these services is designed to accommodate different user needs, establishing recurring revenue streams by maintaining long-term relationships with both individual users and corporate partners.In July 2023, Wello Inc. raised an undisclosed amount of pre-Series A funding led by Korea Investment Partners, with participation from Korea Credit Guarantee Fund. The company will use the funding to link public and financial businesses and further upgrade its services to satisfy consumer demands. Future growth strategies include the development of new product offerings aimed at enhancing user experience and expanding its market presence beyond South Korea to other regions in Asia by 2024.

## Funding rounds

- Seed, Apr 1, 2022 — Korea Tech Incubator for Startup, ENSL Partners
- Seed, Nov 4, 2021 — ENSL Partners

## Investors

- ENSL Partners (https://capitalatlas.ai/funds/ensl-partners) — Seed
- Korea Tech Incubator for Startup — Seed