Welkin Health Raises $8 Million in Series A Funding from Thrive Capital
Funds will support Welkin’s growing team and expand partnerships
SAN FRANCISCO, November 9, 2017-- Welkin Health, a San Francisco-based digital health company, today announced $8M in Series A funding led by Thrive Capital. Welkin is the first digital health company to create a configurable case management platform that streamlines complex workflows for patient services. This round brings Welkin’s total funding to $12M.
“We’re extremely proud of the team we’ve built at Welkin,” says Chase Hensel, Welkin’s CEO and co-founder. “We started this company to improve the process of how healthcare is accessed and delivered, in order to change people’s lives for the better. Thrive’s support is exciting for us and really validates that the work we’re doing in this space is on point.”
Centralized data, a smart rules engine, and multi-channel communication tools integrate to solve workflow complexities, a major pain point for organizations delivering healthcare services. Companies can then focus on the patient experience and clinical pathways rather than productivity tools. Currently, Welkin supports 1,300 case managers working with 200,000 patients across multiple healthcare verticals.
“What impressed us about Welkin is their deep understanding of the healthcare industry coupled with their technical expertise,” says Kareem Zaki, Thrive Capital. “Not only have they built an impressive technological platform, but they are solving tangible problems for healthcare organizations and ensuring all key players are set up for success.”
With the new capital, Welkin plans to continue expanding their team which includes talent from Google, Facebook and Microsoft, as well as Practice Fusion, Medtronic, Sutter Health and Medicaid. The company will also accelerate partnerships with patient-centered digital health, life science, and medical device companies.
About Thrive Capital
Thrive Capital is a private equity and venture capital firm focused on technology investments. Since its founding in 2009, Thrive has invested in companies including Instagram, Twitch, Warby Parker, Oscar, Spotify and Harry's.
About Welkin Health
Welkin Health is a digital health company located in the heart of San Francisco. Founded in 2013, Welkin believes that the right healthcare data in the right hands can make companies smarter and patients healthier. Welkin’s configurable case management platform integrates data and multi-channel communication tools to streamline complex workflow for their partners, creating a better patient experience and delivery of care.
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