The wellness industry is home to 27 unicorn startups, many of which are focused on telehealth and digital health services. Telehealth provider Ro has reached a $7B valuation, while Cityblock Health is valued at $6B for its work with underserved communities.
The sector shows rapid growth, with companies like Cerebral reaching a $5B valuation shortly after its 2020 founding. The list also includes established players like iFIT, which was founded in 1977 and now holds a $3B valuation.
Below is the full list of 27 Wellness unicorn startups at this time.
Top 10 Most Valuable Wellness Unicorns
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Get the Sheet for $50Ro created a telehealth platform that gives patients direct access to medical care for a variety of needs, from skincare to weight loss. Their digital clinics, such as Roman for men's health, provide everything from virtual doctor consultations to discreet medication delivery.
| Valuation | $7B (Joined July 2020) |
| Headquarters | New York, New York, United States |
| Year Founded | 2017 |
| Founders | Rachel Blank, Rob Schutz, Saman Rahmanian, Zachariah Reitano |
| Funding Amount | $1B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | TQ Ventures, General Catalyst, BoxGroup, Gaingels, Slow Ventures |
Cityblock Health brings comprehensive healthcare to marginalized communities by combining medical, behavioral, and social care services. They use a tech-enabled platform to deliver this personalized support directly to members in their own neighborhoods.
| Valuation | $6B |
| Headquarters | Brooklyn, New York, United States |
| Year Founded | 2017 |
| Founders | Bay Gross, Iyah Romm, Mat Balez, Toyin Ajayi |
| Funding Amount | $891.3M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | Wellington Management, General Catalyst, Thrive Capital, Maverick Ventures, Town Hall Ventures |
Cerebral built a telemedicine platform dedicated to providing accessible mental healthcare services. Through their service, patients can connect with licensed therapists and prescribers for ongoing support with therapy and medication management.
| Valuation | $5B (Joined June 2021) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2020 |
| Founders | Ho Anh, Sami El Allaoui |
| Funding Amount | $487M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Undisclosed |
| Top Investors | Liquid 2 Ventures, Oak HC/FT, Artis Ventures, Prysm Capital, Gaingels |
WHOOP builds a sophisticated wearable device that tracks and analyzes a user's sleep, strain, and recovery. The platform provides personalized analytics and coaching feedback to help users optimize their performance and wellness.
| Valuation | $4B (Joined October 2020) |
| Headquarters | Boston, Massachusetts, United States |
| Year Founded | 2012 |
| Founders | Aurelian Nicolae, John Capodilupo, Will Ahmed |
| Funding Amount | $404.8M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series F |
| Top Investors | Two Sigma Ventures, Founder Collective, IVP, Foundry Group, NextView Ventures |
Noom created a digital health platform that provides nutrition and exercise coaching rooted in psychology. They help users build sustainable, healthy habits by focusing on the behavioral science behind their choices.
| Valuation | $4B (Joined May 2021) |
| Headquarters | New York, New York, United States |
| Year Founded | 2008 |
| Founders | Artem Petakov, Saeju Jeong |
| Funding Amount | $658.9M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series F |
| Top Investors | Temasek Holdings, Kleiner Perkins, Sequoia Capital, Thrive Capital, TQ Ventures |
Aledade builds a platform that gives independent primary care practices the technology and support needed to thrive in value-based care. They operate the largest network of independent primary care in the country, helping clinics deliver better care to their patients.
| Valuation | $4B (Joined January 2021) |
| Headquarters | Bethesda, Maryland, United States |
| Year Founded | 2014 |
| Founders | Edwin Miller, Farzad Mostashari, Mat Kendall |
| Funding Amount | $677.9M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series F |
| Top Investors | Tiger Global Management, ARCH Venture Partners, Lightspeed Venture Partners, IVP, Venrock |
Spring Health delivers a comprehensive mental health solution that employers and health plans use to support their people. Their platform uses a data-driven approach to precisely match individuals with the right care, whether it's therapy, coaching, or medication management.
| Valuation | $3.3B (Joined September 2021) |
| Headquarters | New York, New York, United States |
| Year Founded | 2016 |
| Founders | Abhishek Chandra, Adam Chekroud, April Koh, Catherine Schwaber |
| Funding Amount | $466.5M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series E |
| Top Investors | Generation Investment Management, Northzone, AlleyCorp, Rethink Impact, Tiger Global Management |
Somatus created a value-based care model for patients with or at risk of developing kidney disease. They partner with health plans and providers, deploying multidisciplinary care teams and proprietary technology to deliver integrated, whole-person care.
| Valuation | $3B (Joined February 2022) |
| Headquarters | Mclean, Virginia, United States |
| Year Founded | 2016 |
| Founders | Anthony Welters, Ikenna Okezie |
| Funding Amount | $465.1M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | Wellington Management, Longitude Capital, Flare Capital Partners, Deerfield, RA Capital Management |
iFIT creates a subscription technology platform that provides interactive personal training on connected fitness equipment. Their patented software powers industry-leading brands, including NordicTrack and ProForm, to deliver immersive workouts to users worldwide.
| Valuation | $3B |
| Headquarters | Logan, Utah, United States |
| Year Founded | 1977 |
| Founders | Gary Stevenson, Scott Watterson |
| Funding Amount | $580M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Private Equity |
| Top Investors | Planet Fitness, Pamplona Capital Management, L Catterton, Scott Watterson |
Wellhub provides a corporate wellness platform that gives employees flexible access to a global network of gyms, studios, and wellness apps. They partner with companies to offer this all-in-one subscription as a key employee benefit.
| Valuation | $2B |
| Headquarters | New York, New York, United States |
| Year Founded | 2012 |
| Founders | Cesar Carvalho, Joao Barbosa |
| Funding Amount | $605M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series F |
| Top Investors | Atomico, Valor Capital Group, General Atlantic, SoftBank Vision Fund, Neuberger Berman |
The Remaining 17 Wellness Unicorns
The top ten companies are just the beginning of the wellness story. Founders from the United States to India and Chile are building billion dollar companies in this space.
Each company has its own unique journey, but all are focused on helping people live healthier lives. Below is a look at the other wellness startups shaping the industry.
