b.well Connected Health scores $40M to accelerate growth

b.well Connected Health, a patient-facing health management platform, announced it closed a $40 million Series C growth round led by Leavitt Equity Partners. 

Andrew Clark, managing partner at Leavitt; Ryan Howells, principal at Leavitt and executive director of the CARIN Alliance; Dr. Hon Pak, head of digital health at Samsung joined b.well’s board of directors. 

WHAT IT DOES

b.well unifies patients’ health records, financial information, wearable data, and other healthcare data while gamifying the user experience so clients can earn points and rewards. The FHIR-enabled platform offers interoperability and personalization at scale. 

“b.well is rearchitecting the backend of healthcare, empowering organizations to build connected ecosystems of care and compete in a market where value is increasingly defined by choice, transparency, and shoppability,” Kristen Valdes, CEO and founder of b.well Connected Health, said in a statement. “The support from Leavitt Equity Partners and expertise of Dr. Pak will help us scale personalized, easy-to-access healthcare experiences to more people and their families.”

MARKET SNAPSHOT

In October, b.well integrated its offerings into the Samsung Health app to provide 

Galaxy smartphone users with a single platform to access their health data, receive health insights and recommendations and connect with care providers virtually and in person.

In 2021, the company secured $32 million in an oversubscribed Series B financing round, which it used to increase its market penetration and advance its product.