What is Wellframe?
Founded in 2011 and headquartered in Boston, Massachusetts, Wellframe operates a sophisticated care management platform designed to empower organizations to effectively manage both clinical and financial risks. The platform facilitates proactive patient engagement and streamlines care coordination, addressing critical needs within the healthcare ecosystem. Wellframe's technology is instrumental in helping healthcare providers and payers navigate the complexities of value-based care models by improving patient outcomes and reducing healthcare costs.
How much funding has Wellframe raised?
Wellframe has raised a total of $25M across 3 funding rounds:
Angel/Seed
$1.5M
Series A
$8.5M
Series B
$15M
Angel/Seed (2014): $1.5M, investors not publicly disclosed
Series A (2014): $8.5M led by DFJ, Formation8, Waterline Ventures, and Queensbridge Venture Partners
Series B (2017): $15M supported by F-Prime Capital and DFJ
Key Investors in Wellframe
F-Prime Capital
F-Prime Capital, established in 2002, is an investment firm with a dedicated team of professionals focused on advancing healthcare and technology sectors. They invest in companies aiming to innovate within these critical industries.
DFJ
DFJ (Draper Fisher Jurvetson) is a globally recognized venture capital firm that backs extraordinary entrepreneurs. With a mission to support world-changing ventures, DFJ has a history of investing in disruptive technologies across various sectors.
Formation8
Formation 8 is a venture capital firm dedicated to supporting entrepreneurs in building leading companies within the smart enterprise and energy technology markets. They provide operational expertise to foster global scalability for their portfolio companies.
What's next for Wellframe?
The substantial enterprise-level funding and recent strategic investment position Wellframe for accelerated expansion and innovation. This capital infusion is expected to fuel advancements in its platform capabilities, potentially including enhanced data analytics, AI-driven insights for care teams, and broader market penetration. The company's focus on managing clinical and financial risk suggests a strategic direction towards becoming a comprehensive solution for healthcare organizations seeking to optimize patient care pathways and achieve financial sustainability in an evolving healthcare landscape.
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