Well

Well

Personalized health plans with financial incentives

About

Well.co offers personalized health improvement plans and financial incentives to individuals aiming to enhance their health and wellbeing. Members start by completing a questionnaire that helps create a tailored health plan with specific goals and rewards. The company also provides support services for navigating medical bills and healthcare appointments, and members can earn gift cards for achieving their health goals. Well.co generates revenue by serving both individuals and companies, focusing on overall health, including mental wellbeing.

Company Stage

Growth Equity (Venture Capital)

Employees

201-500

Industries

Social Impact, Healthcare

Total Funding

$201.3M

Headquarters

N/A

Founded

2019


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Simplify's Take

What believers are saying

  • The recent $70M Series B funding round indicates strong investor confidence and provides substantial capital for growth and innovation.
  • Well.co's focus on both physical and mental health makes it an attractive option for employers looking to enhance employee wellbeing.
  • The company's innovative reward system, inspired by behavioral economics, has the potential to significantly boost user engagement and health outcomes.

What critics are saying

  • The competitive health and wellness market requires continuous innovation to maintain a competitive edge.
  • Reliance on financial incentives may not sustain long-term user engagement if the novelty wears off.

What makes Well unique

  • Well.co's integration of financial incentives with personalized health plans sets it apart from traditional health and wellness platforms.
  • The use of advanced behavioral economic techniques and AI to tailor health plans provides a unique, data-driven approach to personal health improvement.
  • Well.co's comprehensive support services, including help with medical bills and healthcare navigation, offer a holistic approach to health and wellness.

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Growth & Insights
Headcount

6 month growth

9%

1 year growth

30%

2 year growth

103%

Benefits

Hybrid work policy

PTO

Volunteer time off

Free coffee & snacks

Parental leave

Health, dental, & vision insurance

HSA & FSA

401k

Learning time off

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