Health care technology company WellDoc Inc. is close to raising $5 million from individual investors that will allow it to expand its mobile applications for disease management.
WellDoc, based in Baltimore, developed a mobile phone-based application that offers coaching to diabetes patients and allows them to wirelessly connect blood glucose meters to cell phones.
The investment will allow the private company to continue offering that product, as well as to hire additional employees and develop its mobile application for patients with other diseases such as hypertension, cancer and asthma, said Jon Brilliant, WellDoc's chief executive officer.
"We have a platform that we believe works for multiple diseases," Brilliant said.
The company has grown from 15 employees at the end of 2009 to 100 employees now, with about 50 in Baltimore, he said.