Well Raises $70M Series B Financing
Gunderson Dettmer represented client Well, a digital health improvement platform, in its $70 million Series B financing led by Valeas Capital Partners. The company uses AI and behavior economics to develop individualized health plans for its users. The new capital will enable Well to scale its operations and expand its industry-leading platform to deliver enhanced functionality and improved health to an increasing number of members.
In the announcement of the transaction, co-founder and CEO of Well Gary Loveman said, “We strive for levels of engagement and use that are unprecedented in health care as a necessary condition for health improvement, and we are enthusiastic about the levels of engagement we have demonstrated among our members who have been on the platform for more than two years. As our user base has grown, we have been able to scale the delivery of personalized insights and rewards to keep members focused on the next best step for their health.”
The Gunderson deal team was led by Andy Bradley and included Marna Pattaropong, Timothy Kulis, Gabriella Stearns, and Carson Heyer.