New York-based provider of an application that incentivizes positive health behaviour, raised the amount from AXA Strategic Ventures, with participation from B-Fore Capital, I2BF, Beta Bridge Ventures and AltaIR Capital.
“We built Wellth, and the methodology of using incentives to improve patient behavior, based on decades of peer reviewed research,” said Matt Loper, CEO of Wellth. “We’re passionate about helping patients lead healthier lives and helping insurers better serve their clients. With this investment from AXA Strategic Ventures, we’re able to expand our pilots to full implementation and continue to make it easier for people with chronic conditions to stay healthy”. As part of the round, Manish Agarwal, General Partner of AXA Strategic Ventures, will join the Wellth Board of Directors. “We are excited that Wellth’s ability to prompt and verify patient behaviors translates into fewer hospitalizations, readmissions and overall lower medical costs,” said Mr. Agarwal. “This investment continues our focus on digital health as a core investment thesis.”