US-based digital health company Welltok closed a $37m series D round on Thursday featuring Hearst Health Ventures, a corporate venturing subsidiary of media and information company Hearst Corporation.
Healthcare services provider Catholic Health Initiatives participated as a new investor, joining existing investors Qualcomm Ventures, which is the corporate venturing arm of semiconductor company Qualcomm, healthcare management company TriZetto and venture capital firms Bessemer Venture Partners, Emergence Capital Partners, InterWest Partners and New Enterprise Associates.
Welltok raised the $25m first tranche of the round in October last year.
The company has now raised approximately $82.8m, including $22.1m from a Feburary 2014 series C round backed by Qualcomm Ventures, computing company IBM’s Watson Group, Emergence, InterWest, Miramar Venture Partners and Okapi Venture Capital.
Welltok’s core product is CafeWell, a health optimisation platform designed for population health managers. The funding will be used to support the company’s growth, to launch new products and services and to expand into new markets.