Total amount raised
$605 Million
Latest funding date
2023-08-23
Location
Wellhub offers a comprehensive wellness platform that includes fitness, mindfulness, nutrition, and sleep options, designed to be affordable and accessible for both companies and employees. The platform aims to improve employee engagement, reduce turnover, and lower healthcare costs.
Keep reading to explore the intricacies of Wellhub's fundraising journey and the investors backing this innovative platform.
What Is Wellhub?
Wellhub, a service provided by Gympass, operates within the health and wellness industry, specifically focusing on corporate wellness programs. The platform offers a comprehensive range of wellness options, including access to gyms, studios, virtual personal trainers, and wellness apps.
Based in the United States, Wellhub aims to enhance employee health and engagement while reducing healthcare costs and turnover. Companies can invest in wellness plans for their teams, and employees can choose from various subscription options to access these resources.
How Much Funding Has Wellhub Raised?
- Seed Round
- Date: January 2012
- Series A
- Date: May 2015
- Series B
- Date: June 2016
- Series C
- Date: September 2017
- Series D
- Amount Raised: USD 300,000,000
- Date: June 2019
- Lead Investors: SoftBank Vision Fund
- Series E
- Amount Raised: USD 220,000,000
- Date: June 2021
- Series F
- Amount Raised: USD 85,000,000
- Date: August 2023
- Lead Investors: EQT Growth, General Atlantic, Moore Strategic Ventures
Wellhub has raised a total of USD 605,000,000 across all funding rounds.
Key Investors
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is one of the largest technology-focused investment funds in the world, managed by SoftBank Group. It primarily invests in companies that are leading the charge in AI, robotics, and other transformative technologies.
- Investment Focus Areas: AI, robotics, telecommunications
- Notable Investments: Uber, WeWork, ByteDance
- EQT Growth
- Details: EQT Growth is a part of EQT, a global investment organization with a strong track record in private equity. They focus on investing in companies with significant growth potential.
- Investment Focus Areas: Technology, healthcare, industrial technology
- Notable Investments: Epidemic Sound, Wolt, Vinted
- General Atlantic
- Details: General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. They have a long history of investing in high-growth sectors.
- Investment Focus Areas: Technology, financial services, healthcare
- Notable Investments: Airbnb, Slack, Uber
- Moore Strategic Ventures
- Details: Moore Strategic Ventures is the private investment arm of Louis Bacon, focusing on long-term investments in various sectors. They are known for their strategic and diversified investment approach.
- Investment Focus Areas: Real estate, technology, energy
- Notable Investments: SpaceX, SoFi, Rivian
- Valor Capital Group
- Details: Valor Capital Group is a cross-border venture capital and growth equity firm focused on Brazil and the United States. They aim to bridge the gap between these two major markets.
- Investment Focus Areas: Technology, consumer goods, financial services
- Notable Investments: StoneCo, Gympass, Loft
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