Wellthy Adds $25.5M; Acquires End-of-Life Support Platform Lantern
Updated: Jun 13
Wellthy is a leading platform helping families balance work and care responsibilities through a combination of human expertise and precision technology. Nearly 2 million people have direct access to Wellthy’s care concierge through some of the largest and best-known health plans and employers in the US, which helps them take care of their own health, reduce stress, save money and star engaged in their work and lives while taking carer of their loved ones.
To support the company’s continues growth, Wellthy has now added $25.5M in additional funding. Three new investors are part of this latest investment round for Wellthy: Citi Impact Fund, Cercano Management, and Stardust Equity. These investors join Hearst, Eldridge, ReThink Impact and other existing Wellthy investors in completing this round.
Lindsay Jurist-Rosner, CEO and Co-founder of Wellthy explains: “Millions of people wake up every day with responsibilities across a wide spectrum of care, including childcare, eldercare, and self care – and these demands on individuals and families are only going to increase. This round of investment positions Wellthy to not just remain the market leader – but to scale our business and expand in areas to serve family and working caregivers at every stage of life. It will enable us to cover more lives with caregiving benefits, work even more collaboratively and expansively with employers and health plans, and maintain a world-class member experience to help people care for themselves and their loved ones.”
This round of investment in Wellthy will enable the company to broaden its work in several areas, including end-of-life planning and resources, as well as better care support for teenagers and their families.
One of the most immediate areas this investment has helped enable is the acquisition of the platform Lantern, a public benefit corporation founded in 2018 that provides step-by-step guidance for individuals and families on navigating life before and after a death. Lantern’s foundation is expert human support combined with precision technology to support families, making it a perfect fit for Wellthy’s first acquisition – and one of the first meaningful crossovers between caregiving and end-of-life platforms.
“This acquisition allows for Wellthy and Lantern to become the most comprehensive platform on the topic of care and end-of-life,” said Lantern CEO Liz Eddy Scully. “With Lantern powered by Wellthy, we will drastically expand conversations around care at the end of one’s life for families, and transform workplace culture so that employees are supported with the necessary resources and guidance they need to manage the final moments of a person’s life, and the months of logistics after they’re gone.”
Jurist-Rosner adds: “We’ve entered a new chapter at Wellthy. We have exceptional talent and teams – passionate employees who have delivered phenomenal results for companies, health plans, and family caregivers. We’re leveraging what differentiates us and expanding: more partnerships, more acquisitions, more programmatic focuses, and more members whose lives are undeniably changed because of the support they get from Wellthy.”