WELL Ventures
Corporate VCVancouver · Seed–Growth · 16 people tracked
Investment thesis
WELL Ventures invests in exceptional teams driving innovation in digital health. As the venture arm of WELL Health Technologies, it focuses on the health and wellness sector, prioritizing strong management teams and the innovative application of technology to achieve better health outcomes. The firm looks for companies that can leverage the size and scale of WELL's healthcare practitioner network as well as its own solutions and technologies, with a particular emphasis on supporting and modernizing the healthcare ecosystem in Canada and globally.
Source: firm website, verified Aug 3, 2026.
Team · 16 people
from the firm's website & public directoriesWhat they invest in
from 12 of 21 portfolio companiesDigital Health ×9Healthtech ×7AI & Machine Learning ×3Wellness & Fitness ×3Biotech ×2Mental Health ×2SaaS ×2Consumer ×1
HQs:Canada×6United States×2
Investments · 21 tracked
founders shown can be your intro pathBy year:2022 · 12021 · 12018 · 12016 · 14 dated
BiotechIrvine, US
Tom Varvaro(CFO)Troy Rhonemus(COO)Reid Dabney(Director)Frank Jaksch(President and CEO)Jeff 10005 Muirlands Blvd., Suite G Baxter(Director)Steven Block(Director)
Board seatHamed Shahbazi· per SEC Form D · $3.1M raise · filed Oct 2022
BiotechVancouver
Fotios Plakogiannis(Director)Jason Flowerday(Director)Anne Stevens(Executive Officer, Director)Doug Janzen(Executive Officer, Director)Donald McAfee(Executive Officer)Christina Yip(Executive Officer)
Board seatHamed Shahbazi· per SEC Form D · $628.8K raise · filed Jan 2016
Vancouver
SHAHRZAD RAFATI(Executive Officer, Director, Promoter)BEN GROOT(Executive Officer)MARCEL REICHART(Director)RYAN HOLMES(Director)LEWIS BALL(Executive Officer)MICHELE ROMANOV(Director)
Board seatHamed Shahbazi· per SEC Form D · $399.4K raise · filed Sep 2021
B2B provider of a virtual amenities wellness program for on-site and remote teams focused on preventative health.
Circle Medical provides telehealth services specializing in ADHD diagnosis and treatment for adults through remote video consultations with healthcare providers.
Digital HealthHealthtechMental HealthWellness & FitnessSan Francisco, US
JS Boulanger(Founder/CTO)inBrent LaRue(Founder/VP Product & Patient Experience)inGeorge Favvas(Executive Officer, Director)
Bright Breaks offers a workplace wellness platform providing short (7-minute) live and on-demand sessions—including meditation, yoga, stretching, strength training, and cooking workshops—that are auto-scheduled into employees' Outlook or Google calendars.
Future of WorkHR TechWellness & Fitness
Virtual online therapy clinic offering secure video, phone and text therapy; WELL is a majority stakeholder.
Insig builds an AI-driven questionnaire and virtual care platform that automates medical documentation, patient history collection, and administrative tasks for clinics and healthcare providers.
AI & Machine LearningDigital HealthHealthtech
ORX offers a Knowledge Base Intelligence (KBI) platform that ingests unstructured data such as transcripts, documents, and images and restructures it into AI-ready, SOP-aligned content to power AI copilots and chatbots in CCaaS, CRM, and EHR systems.
AI & Machine LearningDigital HealthSaaS
AI and data analytics platform integrating clinical, supply chain, revenue cycle and vendor data to boost operating room revenue and prevent revenue leakage.
Digital patient engagement and telenavigation tools across Canada, selected to help power Quebec's HUB online booking system.
Tap Medical is an online platform that lets patients find and book medical appointments, including walk-in visits, family doctor consultations, virtual doctor or nurse practitioner visits, and specialist care such as radiology and cardiology.
Digital HealthHealthtechMarketplacesMontreal, CA
Twig Fertility is a Canadian fertility clinic offering IVF, IUI, egg and sperm freezing, donor care, genetic counselling, and inclusive family-building services, with on-site embryology labs using time-lapse imaging and AI-assisted embryo evaluation.
Digital HealthFemTechHealthtechToronto, CA
Rhonda Zwingerman(Chief Medical Officer)
WELL Health Technologies provides healthcare technology solutions and services to support Canadian public healthcare systems and providers.
Digital HealthHealthtechSaaSVancouver, CA
Hamed Shahbazi(Founder, Chairman & CEO)in
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Exits · 1
IPOs and acquisitions across the tracked portfolioChromaDexNASDAQ: NAGE
Frequently asked questions
- What stage does WELL Ventures invest at?
- WELL Ventures invests at the Seed, Series A, Series B, Series C, Growth stages.
- What sectors does WELL Ventures focus on?
- WELL Ventures focuses on AI & Machine Learning, Biotech, Digital Health, FemTech, Healthtech, Medical Devices, Mental Health, Wellness & Fitness.
- Where is WELL Ventures located?
- WELL Ventures is headquartered in Vancouver, CA.
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