Wellx Overview
- Year Founded
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2021
- Status
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Private
- Employees
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22
- Latest Deal Type
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Early Stage VC
- Investors
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18
Wellx General Information
Description
Opeartor of an insurance technology intended to support wellness activities. The company aims to disrupt the insurance landscape in the region by offering individuals, families, corporates and SMEs health insurance that incentivizes engagement in various wellness activities such as gym visits, healthy eating, focusing on mental wellness, utilizing wearable tech and also provides a third-party embedded device along with an application that monitors health, enabling users to make efficient insurance decisions.
Contact Information
Website
www.wellxai.comCorporate Office
- DIFC Innovation Hub Gate Avenue
- Zone D - Level 1
- Dubai United Arab Emirates
Corporate Office
- DIFC Innovation Hub Gate Avenue
- Zone D - Level 1
- Dubai United Arab Emirates
Wellx Timeline
Wellx Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 7. Early Stage VC | 07-Apr-2025 | Completed | Generating Revenue | |||
| 6. Accelerator/Incubator | 02-Nov-2023 | Completed | Generating Revenue | |||
| 5. Accelerator/Incubator | 03-Oct-2023 | Completed | Generating Revenue | |||
| 4. Seed Round | 30-Sep-2023 | Completed | Generating Revenue | |||
| 3. Accelerator/Incubator | 01-Jan-2023 | Completed | Generating Revenue | |||
| 2. Accelerator/Incubator | 01-Dec-2022 | Completed | Generating Revenue | |||
| 1. Seed Round | 04-Oct-2022 | Completed | Generating Revenue |
VC Exit Predictor
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Opportunity Score
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Exit Type
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Wellx Comparisons
Industry
Financing
Details
Wellx Competitors (3)
One of Wellx’s 3 competitors is Plum (Other Insurance), a Venture Capital-Backed company based in Bangalore, India.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Plum (Other Insurance) | Venture Capital-Backed | Bangalore, India | ||||
| The National Health Insurance (Daman) | Private Equity-Backed | Abu Dhabi, United Arab Emirates | ||||
| Onsurity | Venture Capital-Backed | Bangalore, India |
Wellx Related Research & Analysis
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Majestic Referring Domains
Wellx Investors (18)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| DIFC Innovation Hub | Accelerator/Incubator | |||
| Standard Chartered Bank Women in Tech UAE | Accelerator/Incubator | |||
| Google Accelerator | Accelerator/Incubator | Minority | ||
| Aditum Investment Management | Venture Capital | Minority | ||
| Annex Investments (UAE) | Family Office | Minority |
Wellx FAQs
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When was Wellx founded?
Wellx was founded in 2021.
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Where is Wellx headquartered?
Wellx is headquartered in Dubai, United Arab Emirates.
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What is the size of Wellx?
Wellx has 22 total employees.
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What industry is Wellx in?
Wellx’s primary industry is Life and Health Insurance.
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Is Wellx a private or public company?
Wellx is a Private company.
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What is Wellx’s current revenue?
The current revenue for Wellx is .
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How much funding has Wellx raised over time?
Wellx has raised $2.02M.
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Who are Wellx’s investors?
DIFC Innovation Hub, Standard Chartered Bank Women in Tech UAE, Google Accelerator, Aditum Investment Management, and Annex Investments (UAE) are 5 of 18 investors who have invested in Wellx.
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Who are Wellx’s competitors?
Plum (Other Insurance), The National Health Insurance (Daman), and Onsurity are competitors of Wellx.
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