Kyle
There’s a new startup incubator in New York City hoping to help launch new businesses in the health and wellness sector. The WellTech incubator is based in New York’s Gramercy neighborhood and is headed by Peter Ellis who is the CEO and one of the founders of SpaFinder the world’s largest spa and wellness resource.
Welltech is being financed by Ellis’ Jubilee Investments. Jubilee found it’s big success by being a first round investor in Gramercy One. Gramercy One offers cloud based business management solutions for over 5,800 spas, gyms and medical practices world wide. Gramercy One announced a $14.5 million dollar round of financing led by Steve Case’s Revolution Ventures, GroTech, TD Capital and Jubilee, last fall.
“The phenomenal success of SpaFinder and GramercyOne showed us that technology holds enormous potential for helping people lead healthier lives,” Ellis said. “New York City is home to some of the most creative innovators in both the technology and wellness sectors, and we look forward to working with them to take wellness-related technology and services to an exciting new level.”
Companies chosen to participate in the WellTech Incubator will receive $50,000 in seed capital to start their business, along with office space. They’ll also have access to GramercyOne and Spafinder executives for guidance and mentoring. There may also be future financing rounds in the cards from WellTech along with other introduced investors.
More after the break
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