WELL Health Technologies' Subsidiary Raises $44 Million in Series B Financing

Dow Jones

Oct 31

By Adriano Marchese

WELL Health Technologies said its subsidiary has received 62 million Canadian dollars ($44.3 million) in a series B investment funding round ahead of a planned public listing.

The Canadian digital healthcare company said Friday that its majority-owned subsidiary Wellstar Technologies has entered into agreements for share investments at an offering price of C$1.50 apiece.

WELL said that the series B financing--a type of fundraising used for early-stage companies--is supported by three of Canadian fund investors, Mawer Investment Management, Edgepoint Wealth Management and Picton Investments.

The company plans to use the funds towards future acquisitions, artificial intelligence-related offerings, organic growth initiatives and general corporate purposes.

The financing is expected to close early in December, and Wellstar is targeting a public listing sometime in 2026.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

October 31, 2025 08:52 ET (12:52 GMT)

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