Subscription mental health teleconsultation medication prescription startup which has identified high growth segments after experimenting with paid acquisition.
“Hustle Fund Flywheel is what any growing company needs. For us at Wellnite, Flywheel capital is key for holding us accountable while being savvy on spending our marketing dollars which has clearly enabled us to grow our customer base faster. Thanks to Flywheel we continue to accomplish our mission to make mental health care and wellness more accessible.” - Paulo Gonzalez, Co-founder at Wellnite
Why RBF makes sense for Wellnite?
Strong founding team in a space gaining huge momentum. Found product market fit in the first 6 months of running the business. Wellnite identified high growth segments after experimenting with paid acquisition.
Why this team is compelling for our RBF funds.
Recurring revenue and sticky customers, with huge market pull. Hustle Flywheel treats subscription revenue as a huge asset for its repeatability. When Wellnite eventually partners with larger medical institutions and insurance companies, Flywheel has the potential to provide AR financing in addition to marketing financing.
How this team would deploy RBF funds.
Invest in paid acquisition channels and business development as Wellnite expands its efforts to the WFH customer.