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Wellthy
Care service for chronic illnesses
- 201-500 employees
- Healthcare
- B2C
- B2B
- Personal health
- Marketplace
- MedTech
- 300 W 57th St, 33rd Floor, New York, NY 10019, US
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Company mission
To make taking care of the sick and the elderly seamlessly human and tech powered.
Otta's take
Theo Margolius
COO of Otta
The US is soon set to have its largest elderly population of all time and the majority of older Americans live alone, often very far from immediate family members. In a country where over 40 million people are providing unpaid care to someone aged 50 or over, Wellthy is tackling a long-overlooked issue by matching unpaid caregivers with social workers.
Once registered on the site, a social worker takes on the role of care coordinator and can become responsible for a range of tasks including medical paperwork, insurance claims, treatment organization and in-home care arrangements.
Rather than going straight to the carers themselves, the company is attempting to scale quickly by approaching employers to add its service to employee benefits. This is particularly appealing to employers since many have found caregiving to be a critical barrier to reentry for their employees. Wellthy's 2023 funding will be used to continue recent growth in its tech and to support upcoming launches with insurance companies, indicating that it is keeping up the momentum.
Benefits
- HSA and FSA options
- Generous PTO and flexible leave policies
- Health, dental, and vision insurance coverage
- 401(k) with employer match
- Free access to Wellthy’s services
- Professional learning and development opportunities
Company values
- Responsive: We respond and take action quickly and thoughtfully
- Collaborative: We look for ways to help, acknowledge, and celebrate our team members
- Curious: We have investigative attitudes, ask “why,” and seek answers when there are questions
- Persistent: We have never-take-no, never give up, squeaky wheel mindsets
- Humble: We're hungry for improvement and comfortable making mistakes
- Purposeful: We live out our mission every day and with every interaction
Funding (last 2 of 5 rounds)
May 2023
$25.5m
LATE VC
Jun 2021
$35m
SERIES B
$72.2m
Total funding
This company has top investors
Founders
Studied Economics at Columbia, and an MBA at Harvard Business School. Began career as the Associate Director/Marketing Manager of The Atlantic Monthly. Also, worked as Marketing Manager at Spot Runner and Microsoft. Most recently worked as Senior VP Marketing at Simulmedia.
Kevin Roche
(CTO)Began career at Cisco Systems as Customer Advocacy Lab Operations Co-op. Moved on to Citigroup as CitiTech Advanced Placement Program Co-op. Worked for over 6 years at Goldman Sachs where they were promoted from Analyst Developer to VP.
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