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Print Edition StoriesNeedham's Linkwell Health Inc. has brought in $8.3 million of a planned $15 million fourth institutional fundraise, according to SEC documents.
The four investors participating in this new funding round were not identified in the filing with the U.S. Securities and Exchange Commission. Among the investors behind Linkwell are Spark Capital and HLM Venture Partners, both of which list Linkwell in their portfolios. Listed as related persons in the new funding document are Alex Finkelstein of Spark and Albert Weigman of HLM.
In total, since its founding in 2007, Linkwell has raised approximately $17.6 million over the four rounds.The company creates and implements health and wellness incentive programs for health plan providers intended for individuals with chronic health conditions. Clients include BlueCross BlueShield of Tennessee, Blue Cross and Blue Shield of New York and Medical Mutual of Ohio, among others.
Linkwell was founded by Ben Gardner, former vice president of sales at Waltham-based marketing services company Imagitas Inc. Local competitors include Boston’s Tangerine Wellness Inc. and Framingham-based Virgin HealthMiles Inc., a subsidiary of Virgin Group Ltd.
A call to CEO Gregg Michaelson for comment was not immediately returned.
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