Latest Sam Ketcham News
Oct 18, 2018
Tech Company Fighting Addiction Epidemic Closes $6.05 Million Series A Round Addiction recovery app WEconnect proven to reduce relapse, draws investors including ServiceNow founder Fred Luddy, Andrew Wilkinson, Sam Ketcham and more. October 18, 2018 09:00 AM Eastern Daylight Time SEATTLE--( BUSINESS WIRE )--Today, healthcare-technology company WEconnect announced the close of a $6.05 million Series A round of funding. The WEconnect app supports patients in their first year of recovery after substance abuse treatment, a crucial time in the rehabilitation process. The healthcare-technology company received initial investments from Fred Luddy, founder of ServiceNow, Larry Leeds Jr. from Buckingham Capital, Andrew Wilkinson, founder of Metalab, Mark Ein, CEO of Venturehouse group, Sam Ketcham, Tim Kerr, and more. WEconnect was founded by former French Open Champion Murphy Jensen and tech entrepreneur Daniela Tudor to provide a resource they felt was missing in their own recovery journeys – a technology solution that is both empathetic and data-driven. “Addiction in the U.S. is the single largest public health crisis of our lifetime,” said Tudor, Co-Founder and CEO of WEconnect. “During my recovery process, I discovered that 80 percent of patients relapse after treatment – that is simply unacceptable. The WEconnect app leverages data for improved outcomes, and has helped thousands of patients stay in recovery. Our mission is to save lives, and I’m proud our team is doing that every day.” First released in 2016, the app is currently used by thousands of individual patients across the United States, and is being adopted by treatment centers Volunteers of America and Zepf Center , with potential to reach more than 20 thousand patients post-treatment. WEconnect was initially funded with $260,000 from angel investors. “Drug and alcohol addiction in the United States costs the economy $600 billion a year while ruining millions of people’s lives,” said investor Tim Kerr. “WEconnect uses evidence-based treatment methods to create a support network for patients across the US. WEconnect will put support in the pockets of every patient using techniques research shows cuts relapse rates.” WEconnect provides patients with a network of support after they leave treatment facilities, setting up easy check-ins with counselors, and offering rewards for activities that support long-term recovery. WEconnect also gives treatment centers a vital tool to track treatment plan routines and prioritize care via a proprietary relapse risk score which identifies the risk of relapse before it happens so a patient’s support network can intervene. WEconnect uses techniques proven to reduce relapse rates by 50 percent. WEconnect brings addiction recovery support into alignment with the way Americans live today, creating accountability for patients, offering verified outcomes data to care providers, easy access to support systems and patient networks, and assistance from providers all on one, easy-to-use mobile platform. For more information on WEconnect, visit www.weconnectrecovery.com . About WEconnect WEconnect provides evidence-based addiction recovery technology to reduce relapse rates, save lives and support healthy communities. WEconnect reduces relapse, keeps individuals accountable, connected to community support and helps them thrive in recovery.