WELT Corp.
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WELT Corp. - overview
Established
2016
Location
Seoul, -, South Korea
Primary Industry
Healthcare IT
About
Founded in 2016, and based in Seoul, South Korea, WELT Corp. operates as a personalized digital therapeutics development company. The company spun off from Samsung Electronics in 2016. As of 2022, WELT Corp.
is a member of the Digital Therapeutics Alliance (DTA) in Asia and is serving as an industry advisor for the Ministry of Food and Drug Safety or KFDA on digital therapeutics and is led by its CEO Sung-ji Kang. In June 2024, WELT Corp. raised KRW 14 billion in series C funding led by returning investor Envisioning Partners. New investors Korea Development Bank, Shinhan Venture Investment, and returning investors IMM Investment and Handok Inc.
participated in this round. WELT uses digital therapeutics and digital biomarker technology to provide healthcare services for its clients. Clinicians can employ digital therapeutics services to build and deliver medical interventions for patients based on medical evidence and clinically tested software. Digital biomarkers are wearable and implantable medical devices that collect and analyze physiological and behavioral data from patients to predict and explain health-related events.
The company plans to use the January funding to help its research and development of digital therapeutic devices, domestic product approvals, and global expansion.
Current Investors
IMM Investment, Smilegate Investment, Posco Investment
Primary Industry
Healthcare IT
Sub Industries
Healthcare IT, Therapeutic Devices, Medical Equipment Distributors, Medical Software
Website
www.weltcorp.com
Verticals
HealthTech, Manufacturing, Mobile Apps
Company Stage
Series C
Total Amount Raised
Subscriber access only
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