New York, NY, May 11, 2023 (GLOBE NEWSWIRE) -- Wellthy, the leading care concierge platform covering two million lives with expert personal and digital support, announced today that it has raised an additional $25.5 million in funding to support the company’s continued growth and work to drive solutions to today’s care crisis.
“Millions of people wake up every day with responsibilities across a wide spectrum of care, including childcare, eldercare, and self care – and these demands on individuals and families are only going to increase,” said Lindsay Jurist-Rosner, CEO and co-founder of Wellthy. “This round of investment positions Wellthy to not just remain the market leader – but to scale our business and expand in areas to serve family and working caregivers at every stage of life. It will enable us to cover more lives with caregiving benefits, work even more collaboratively and expansively with employers and health plans, and maintain a world-class member experience to help people care for themselves and their loved ones.”
Three new investors are part of this latest investment round for Wellthy: Citi Impact Fund, Cercano Management, and Stardust Equity. These investors join Hearst, Eldridge, Rethink Impact and other existing Wellthy investors in completing this round.
This round of investment in Wellthy will also enable the company to broaden its work in several exciting areas, including end-of-life planning and resources, as well as better care support for teenagers and their families.
One of the most immediate areas this investment has helped enable is the acquisition of the platform Lantern, a public benefit corporation founded in 2018 that provides step-by-step guidance for individuals and families on navigating life before and after a death. Lantern’s foundation is expert human support combined with precision technology to support families, making it a perfect fit for Wellthy’s first acquisition – and one of the first meaningful crossovers between caregiving and end-of-life platforms.
“We've entered a new chapter at Wellthy. We have exceptional talent and teams – passionate employees who have delivered phenomenal results for companies, health plans, and family caregivers,” said Jurist-Rosner. “We’re leveraging what differentiates us and expanding: more partnerships, more acquisitions, more programmatic focuses, and more members whose lives are undeniably changed because of the support they get from Wellthy.”
For more information on Wellthy, visit www.wellthy.com or contact press@wellthy.com or 585-504-1867.
About Wellthy
Wellthy is the leading platform helping families balance work and care responsibilities through a combination of human expertise and precision technology. Wellthy makes it easier for our members to take care of their own health, reduce stress, save money, and stay engaged in their work and their lives while taking care of their loved ones. Two million people have direct access to Wellthy’s care concierge through some of the largest and best-known health plans and employers across the country, including Best Buy, Cisco, and Meta. Learn more at www.wellthy.com
