The Wellster Healthtech Group has secured an "investment in the mid-single-digit million range," according to a press release. Sevenventures will not provide any cash to the Munich-based company – rather, this is a media-for-equity deal. This means Wellster receives television advertising time for the company shares sold. In addition to HV Capital The founders of Invincible Brands and Momox as well as German Media Pool are involved in the financing.
Wellster has already completed two financing rounds in 2019 and 2020. In addition to HV Capital and the HGDF family holding, the Flixbus founders, serial entrepreneur Mato Peric, Jean-Remy von Matt, and Reinold Geiger, founder and CEO of the cosmetics group l'Occitane, are involved.
Wellster Healthtech Group: “Novel access to medical solutions”
Wellster combines telemedicine, medication, and digital therapies to create thematic solutions. In the US, Hims and Roman operate similar models. Manuel Nothelfer, founder of Wellster Healthtech Group, says:
"Our business success is based primarily on attracting new target groups, offering them innovative access to medical solutions. TV and social media have played an important role in our marketing mix from the very beginning. We are therefore delighted that Sevenventures is convinced of our business model and that we can now further expand our leading role in Germany together with them."
