NEW
YORK, Sept. 26, 2024 /PRNewswire/ -- Welltory,
the leading all-in-one personalized health and wellness app, is
pleased to announce it has 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."
About Braavo Capital
Established in 2015, Braavo Capital is the leading funding
partner for the world's most successful app businesses. Having
facilitated over $1 billion in
financing and supported over 8000 apps since inception, Braavo
offers a range of financing products, from on-demand receivables
financing to multi-million dollar bespoke credit facilities.
About Welltory
Welltory is the tech company behind the leading all-in-one
wellness app, consistently ranked in the Top 50 Grossing Health
& Fitness apps and featured 20 times by the App Store. With a
focus on preventative, people-centered care, Welltory is
revolutionizing wellness by delivering accessible, data-driven
health solutions to millions worldwide. Over 65% of Welltory
Premium members report better sleep, lower stress, and improved
physical activity.
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SOURCE Welltory; Braavo Capital