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 builds patient relationship management software that guides teams
to better care. Welkin configures patient experiences into workflows
that keep patients and teams on track. Welkin’s software makes
engagement seamless and patient-centered, enabling health workers to
build strong patient relationships for long-term positive outcomes. For
more information, please visit www.welkinhealth.com.