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WELL Ventures functions as the strategic investment arm of WELL Health Technologies Corp., specializing in digital health. It actively backs innovative companies across the healthcare technology landscape, focusing on solutions that enhance efficiency and accessibility. The entity provides capital and operational support, leveraging its parent company's ecosystem.
This venture capital arm formally launched in July 2021, established by WELL Health Technologies Corp. and its Chairman and CEO, Hamed Shahbazi. The founding insight stemmed from the need to accelerate healthcare modernization and digitization by investing in growth-stage digital health businesses. Shahbazi's technology background helped initiate this investment initiative.
WELL Ventures' portfolio companies serve diverse healthcare providers and patients, aiming to improve medical care delivery. Its mission is to foster a robust digital health ecosystem, emphasizing transforming Canadian healthcare, while pursuing global opportunities. They envision a future where technology significantly elevates healthcare standards and patient experiences.
Well Ventures has 1 tracked investment across 1 company. The latest tracked deal is $32.0M Series B in b.well Connected Health in July 2021.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jul 26, 2021 | b.well Connected Health | $32.0M Series B | Steven Tolle | Thedacare, Unitypoint Health Ventures |
