New and existing investors also took part in the round. The company has also secured a new $13-million debt facility from Silicon Valley Bank.
The combined financing will be used for technology-enabled healthcare service offerings, as well as expansion into new market segments.
Other investors in the Series E round include New Enterprise Associates, Bessemer Venture Partners, Georgian Partners, Emergence Capital, InterWest Partners, Sigma Partners, HLM Venture Partners, Flare Capital Partners, Trustmark, Qualcomm Life Fund, Hearst Health Ventures.
“We have clearly defined and established the need for a consumer enterprise platform that systematically connects individuals with the resources, benefits and support available to help them achieve and sustain their optimal health,” said Jeff Margolis, Welltok chairman and CEO.
Its CaféWell Platform enables population health managers to guide and incentivise consumers to optimise their health, curating and connecting consumers with available and relevant benefits, resources and rewards by providing personalised action plans for individuals.
The additional funding is a significant milestone for Welltok, whose growth has been driven through strong organic as well as inorganic growth, including the strategic acquisitions of Silverlink Communications, Predilytics and IncentOne. Welltok operates in six office locations nationwide and has grown to nearly 400 employees.