- WellSet — a company that connects wellness seekers and trusted peer-reviewed practitioners — announced it secured pre-seed funding led by several investors
WellSet — a technology booking platform that connects wellness seekers and trusted peer-reviewed practitioners — recently announced that it secured pre-seed funding led by private equity and wellness and tech angel investors including Kelly Noonan Gores (writer, producer, director of HEAL documentary) and Broadway Angels (a female-driven Silicon Valley angel investment group).
The funds that were raised in this round will be used to help the company officially launch in the Los Angeles market with thousands of practitioners and further develop its technology platform for a nationwide rollout slated for fall of 2019. WellSet is led by Tegan Bukowski (CEO and founder), Hanna Madrigan (COO), and Sky Meltzer (executive chairman and former CEO of Manduka).
The growing consumer awareness towards health and wellness is driving demand in the global health and wellness market — which is projected to experience a compound annual growth rate of 5.9% from 2018 to 2026. And between 2015 -2017, the global wellness industry grew by 6.4% annually from a $3.7 trillion to a $4.2 trillion market nearly twice as fast as global economic growth.
“People are starting to take control of their preventative healthcare and wellbeing but until now have lacked a tool to help them get started,” said Bukowski. “WellSet will serve as a trusted portal to discover and book the right practitioners and learn the benefits of different wellness practices instead of depending on word-of-mouth recommendations from friends.”
A recent report estimates that 50 million Americans or just over 20% of the adult population have chronic concerns that can be addressed by a holistic provider. And since January 2019, WellSet has enrolled more than 3,000 practitioners, 1,000 of which are top-tier practitioners in more than 30 different specialties including acupuncture, massage therapy, functional medicine, craniosacral therapy, nutrition, coaches, holistic therapists, etc.
“Similar to platforms like Airbnb, we’ve created the first centralized marketplace to seamlessly find, book, and recommend wellness practitioners,” added Madrigan. “We want to make wellness easier and accessible for everyone by putting credible brands, leaders, and recommended practitioners in one online community.”
Interested health and wellness practitioners can now sign up for free to list their practice on WellSet to increase revenue, access and enroll new clients, and easily manage bookings and payments in one central place.
“WellSet has the power to improve the state of our healthcare system by creating access to practitioners who treat the whole person and not just manage the symptoms of illness,” explained Gores. “WellSet is not only filling a void in the wellness industry but they are creating an empowered and inclusive community of people on a quest for a healthier life.”
Starting now, consumers in LA can use WellSet to discover and book appointments online with local verified practitioners. And clients can search based on practitioner type, health concern, location, price, and rating. Consumers nationwide who join the WellSet waitlist will receive a $20 credit towards their first session booked on the platform. And WellSet already has practitioners enrolled across the country and will be allowing clients onto the platform nationwide soon.
