Welkin Health Raises $17.5 Million in Series B Funding from Altos Ventures
With this latest fundraising, Welkin plans to accelerate growth of their customer acquisition and continue innovation around their software
Welkin Health, a patient relationship management software company, today announced $17.5 million in Series B funding led by Altos Ventures. Existing investors, Thrive Capital, Red Swan Ventures, and Asset Management Ventures also contributed to the round, which brings Welkin’s total funding to $30 million.
Welkin’s patient relationship management software is designed to meet the unique patient care needs of its customers, which include medical device companies, payers, providers, and disease management service providers. The platform enables health care teams to work effectively and improve health outcomes.
“Over the past two years, we’ve transformed how customers use our platform,” says Chase Hensel, CEO and co-founder of Welkin Health. “Our APIs and Workshop tool enable customers to launch quickly, to flexibly plug us into their tech stack, and to make changes to their care programs over time. We’re excited to work with Altos to continue our mission of helping health care organizations create meaningful patient relationships at scale.”
“The Welkin team understands the obstacles organizations face when trying to provide patient-centered care,” says Hodong (Ho) Nam, managing director, Altos Ventures. “Welkin makes it easy to build a service that keeps pace with the constantly evolving health care landscape. We’re in this for the long haul.”
Ram Gupta will be joining Welkin’s board of directors on behalf of Altos Ventures. He has deep experience in both SaaS and health care. Gupta has worked with startups and high-growth companies in executive management and board roles for more than 20 years, including Cast Iron Systems, PeopleSoft, Inc., and WebMD Health Corp.
“Welkin’s mission really speaks to me,” says Gupta. “Their technology is helping their customers to put care back in health care. Welkin’s innovative platform is specifically designed to help organizations develop programs, execute them effectively, and evolve their programs based on data. I’m looking forward to joining the Welkin family.”
Welkin closed an $8 million Series A round with Thrive Capital in 2017. Since then, the company has grown from a team of 15 to 50 and more than doubled its customer base.
About Welkin Health
Welkin Health is a digital health company that helps healthcare organizations increase revenue and reduce operational costs with improved health outcomes through engagement, education, and support programs for people living with chronic disease. Our workflow and communication software allows care teams to prioritize patient outreach and reach members on any device, including SMS, phone call, and email. Welkin helps teams focus on building and maintaining long-term relationships with custom configurations of the Welkin Patient Relationship Management platform. For more information about Welkin, visit https://welkinhealth.com