# WELT

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

- Industry: Healthcare IT
- Headquarters: Seoul, South Korea
- Website: www.weltcorp.com
- Total disclosed funding: $23M
- Latest round: Series C (Jun 26, 2024)
- Investors on record: 9

## About

Founded in 2016, and based in Seoul, South Korea, WELT Corp. operates as a personalized digital therapeutics development company. The company spun off from Samsung Electronics in 2016. As of 2022, WELT Corp. is a member of the Digital Therapeutics Alliance (DTA) in Asia and is serving as an industry advisor for the Ministry of Food and Drug Safety or KFDA on digital therapeutics and is led by its CEO Sung-ji Kang. In June 2024, WELT Corp. raised KRW 14 billion in series C funding led by returning investor Envisioning Partners. New investors Korea Development Bank, Shinhan Venture Investment, and returning investors IMM Investment and Handok Inc. participated in this round.

WELT uses digital therapeutics and digital biomarker technology to provide healthcare services for its clients. Clinicians can employ digital therapeutics services to build and deliver medical interventions for patients based on medical evidence and clinically tested software. Digital biomarkers are wearable and implantable medical devices that collect and analyze physiological and behavioral data from patients to predict and explain health-related events.

The company plans to use the January funding to help its research and development of digital therapeutic devices, domestic product approvals, and global expansion.

## Funding rounds

- Series C, Jun 26, 2024, $11M — Korea Development Bank, Shinhan Venture Investment, IMM Investment, Handok Inc., Envisioning Partners
- Series C, Nov 1, 2023 — Envisioning Partners
- Series B, Jan 19, 2022, $4.1M — IMM Investment
- Series B, Mar 22, 2021, $5.3M — Smilegate Investment, Posco Investment, Handok Inc.
- Series A, Jun 27, 2018, $2.7M — Smilegate Investment, Enlight Ventures, Hanwha Investment & Securities

## Investors

- Smilegate Investment (https://capitalatlas.ai/funds/smilegate-investment) — Series A, Series B
- Enlight Ventures (https://capitalatlas.ai/funds/enlight-ventures) — Series A
- Hanwha Investment & Securities (https://capitalatlas.ai/funds/hanwha-investment-securities) — Series A
- Posco Investment (https://capitalatlas.ai/funds/posco-investment) — Series B
- Handok Inc. — Series B, Series C
- IMM Investment (https://capitalatlas.ai/funds/imm-investment) — Series B, Series C
- Envisioning Partners (https://capitalatlas.ai/funds/envisioning-partners) — Series C
- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series C
- Shinhan Venture Investment (https://capitalatlas.ai/funds/shinhan-venture-investment) — Series C