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Braavo Capital Provides $3MM Credit Facility to Welltory

Date: Sep 30, 2024 @ 07:49 AM
Filed Under: Technology

Welltory, an all-in-one personalized health and wellness app, closed a $3 million credit line with Braavo Capital. The funding will empower Welltory to invest deeper into its strategic product and market growth to become the leader in the preventative and people-centric care categories.

Welltory already empowers people to understand their wellness data and make personalized, smarter choices for healthier living. With Braavo Capital's support, Welltory can push the boundaries of science and technology even further, advancing its mission through new algorithms, AI innovations, and impactful research — all aimed at building an ecosystem that helps 100 million people measurably improve their health.

"We are thrilled to expand our partnership with Welltory as they continue their journey towards becoming a dominant force in the wellness space," said Mark Loranger, CEO of Braavo Capital. "As a long-time financing partner since 2018, we have seen Welltory grow its subscription app business to over 10 million users and were eager to lead their latest round of funding. This $3 million commitment underscores our belief in the team and their vision."

Welltory CEO Jane Smorodnikova reiterated the sentiment; "This funding from Braavo Capital is a crucial milestone in our growth strategy. With their support, we can amplify our efforts to bring cutting-edge wellness solutions to millions of users worldwide, making preventative and user-centric care accessible to all."

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