Wellthy, the US-based operator of a digital illness management platform, received $35m on Monday in a series B round featuring media group Hearst.
The round was led by Rethink Impact, a venture capital fund committed to backing female founders, and included investment firms Polaris Partners and Eldridge.
Wellthy offers a digital caregiving concierge platform with dedicated care coordinators able to manage healthcare for families with complex, chronic and ongoing care needs.
The platform provides a wide range of services, allowing users to schedule appointments, find the right specialists, research treatment options, manage insurance, organise records and communicate with family members.
The funding will support product development as well as Wellthy’s further growth and international expansion, including recent launches in Canada and the UK.
Part of the proceeds will be used to enhance Wellthy’s smart recommendations engine, advance its predictive support pathways and launch an online community where families can exchange tips and ideas with other caregivers and gain insights from experts.
The company had raised $4m in pre-series A funding from VC firm Saama Capital in April 2020, after Goldencross Pharma, a subsidiary of pharmaceutical company Cipla, invested $1.5m in early 2019 in return for an 11.7% stake.
Healthcare providers Currae Healthcare and Manipal Education and Medical Group had joined Beenext, GrowX Ventures and various angel investors to supply $2.1m in seed capital for Wellthy in 2018, following a $2m injection in 2016 from a consortium including Hearst, Sweet Capital, HBS Alumni Angels, Aspiration Growth Ventures and Jonathan Bush.