Wednesday, April 10, 2013

WellTok Raises $18.7M For Health and Wellness Software

Denver-based Welltok, which develops health and wellness software used by health plans to encourage healthy activity by its members, has raised $18.7M in a Series B funding round. The firm said the funding came from Emergence Capital Partners, InterWest Partners and New Enterprise Associates (NEA). As part of the funding, the company said that its Executive Chairman, Jeff Margolis, has been appointed as CEO. Margolis was the founding CEO of TriZetto. The firm said the funding will go towards accelerating product development, stratregic partnerships, market expansion, and to build new account teams. WellTok's other investors include Miramar Venture Partners, Okapi Venture Capital and TriZetto Corporation. More information »