Welbi, Ottawa, Canada-based fastest-growing resident experience platform for senior living communities, announced that it raised CAD 3 million seed round, bringing its total funding to $6 million to fuel further expansion into senior living communities across Canada and the United States.
Alongside expansion to the US, Welbi plans to use the money to triple its team from 11 to 30 people by the end of 2022.
Graphite Ventures, MaRS IAF, SoGal Ventures, and Roach Capital invested in the seed round, with participation from angel investors.
As the pioneer of person-centered resident experience software, this new funding milestone represents the latest achievement in Welbi’s mission to transform the lives of older adults through personalized experiences.
Company: Welbi Technologies Inc.
Raised: CAD 3.0M
Round: Seed Round
Funding Month: July 2022
Lead Investors: Graphite Ventures, MaRS IAF, SoGal Ventures, and Roach Capital
Company Website: https://www.welbi.co/
Software Category: Resident Experience software
About the Company: Founded in 2016, Welbi is the fastest-growing resident experience platform for senior living communities. Welbi software platform helps senior living communities boost their resident experience by streamlining administrative processes, personalizing their programming, and keeping them ahead of changing resident needs. Welbi’s assessment tools and real-time analytics help resident experience teams gain a deep and holistic understanding of their residents. Combined with our powerful planning tools, our solution guides teams to effectively deliver and evaluate their programming to create more engaging experiences, ultimately boosting their bottom line. Welbi's award-winning, user-friendly software automates hundreds of hours of administrative tasks while helping recreation teams gain a deep and holistic understanding of their residents, increasing quality of life and occupancy rates.