Altos Ventures Funds $17.5 Million to Welkin Health in Series B
Altos Ventures has funded patient relationship management software firm Welkin Health $17.5 Million in a Series B round. Welkin’s software product is designed in a way that it gratifies unique patient needs for its customers. The platform equips healthcare teams to work efficiently and produce positive outcomes in the sphere of patient care.
SaaS and healthcare expert Ram Gupta will be joining as a Board of Director in Welkin Health on behalf of Altos Ventures. Mr. Gupta has 20 years of solid experience in fuelling the growth of start-ups and high-performance businesses as an executive manager and board of director.
Previously he has held important positions in high-growth companies such as –
- Cast Iron Systems
- PeopleSoft, Inc.
- WebMD Health Corp
“Welkin’s mission really speaks to me,” says Gupta. “Their technology is helping their customers to put the 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.”
Industries that currently leverage Welkin Health’s platform are –
- Medical device companies
- Disease management service providers
“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 enables 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-centred 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.”
Welkin Health closed $8 million in 2017 as a part of its Series A funding from Thrive Capital.
Other than Altos Ventures, current Round B investors are –
- Thrive Capital
- Red Swan Ventures
- Asset Management Ventures