The developer of CafeWell, the top Social Health Management Platform has announced the completion of its Series B funding activities. The firm, WellTok gained investment pledges from Emergence Capital Partners, New Enterprise Associates and InterWest Partners.
The purpose of the funding round would be to boost product development and increase strategic partnership efforts in order to expand into new markets with account teams able to provide support from the growing client base due to expansion.
Jeff Margolis, WellTok's chairman for the past year and a half was appointed as CEO. He said, "I am particularly pleased to be working with this incredibly strong consortium of visionary investors who have highly relevant portfolio expertise that can be leveraged to grow WellTok and the CaféWell platform. We are addressing the significant challenges consumers face as they try to optimize their own health in partnership with their plans and providers, and have built new support structures that combine the best in purpose-driven social, community, personalization and gaming technologies."
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