About Pelago
Pelago is a Technology company based in New York (United States) founded in 2014 by Yusuf Sherwani, Sheeraz Iqbal, Sarim Siddiqui, and Maroof Ahmed. Personalized virtual clinic solutions for substance use disorders are provided. It operates on a HealthTech and Subscription Services model in Technology and Healthcare sectors. Pelago has raised $159.16 million across 9 funding rounds from investors including Merck, Syndicate Room and Triple Point. Its chief executive, as recorded, is Yusuf Sherwani. Its website pelagohealth.com draws about 70 thousand monthly visits. Pelago offers products and services including Substance Use Management, Alcohol Use Care, Tobacco Use Care, Opioid Use Care, and Cannabis Use Care. Its focus areas include Digital Health and Telehealth. Its competitors include Bicycle Health, Boulder Care and Monument; 3 of its 3 listed competitors have raised funding.
Company details
Pelago is established as a virtual clinic specializing in personalized substance use management. Services are provided for individuals seeking to manage or cease use of alcohol, tobacco, opioids, and cannabis. The approach is tailored based on individual health, habits, and goals, supported by physician-led care teams and evidence-based solutions. Sectors served include employers and health plans, with a focus on reducing healthcare costs and improving workforce productivity. Additional support is offered through remote monitoring, cognitive behavioral therapy, and medication-assisted treatment via PelagoRX. Access to high-quality inpatient facilities is coordinated for complex cases.
- Headquarters New York, United States
- Founders Yusuf Sherwani, Sheeraz Iqbal, Sarim Siddiqui, Maroof Ahmed
- SectorsTechnologyHealthcare
- Website category Business and Consumer Services · Marketing and Advertising
- Email••••••••
- Phone•••• ••••
- Website pelagohealth.com
- Social LinkedIn X Facebook YouTube
- Legal Name Pelago
- Total Equity Funding$159.16M (USD)
in 9 rounds
- Latest Funding Round$58M (USD), Series C
Dec 2023
- InvestorsMerck
& 36 more
Products & Services of Pelago
Pelago offers a comprehensive portfolio of products and services, including Substance Use Management, Alcohol Use Care, Tobacco Use Care, Opioid Use Care, and Cannabis Use Care.
Personalized care for managing substance use is provided.
Support for reducing alcohol use is offered effectively.
Assistance in quitting tobacco use is delivered consistently.
Care for achieving opioid abstinence is provided expertly.
Management of cannabis use issues is supported thoroughly.
Apps and channels of Pelago
its YouTube channel Pelago has 69 subscribers and 4 videos.
Videos from Pelago
The most watched videos on Pelago's YouTube channel, Pelago (69 subscribers). Click a video to play it here.
More on Pelago.
Funding Insights of Pelago
Pelago has successfully raised a total of $159.16M across 9 strategic funding rounds. The most recent funding activity was a Series C round of $58 million completed in December 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $159.16M
- Total Rounds 9
- Last Round Series C — $58M
- First Round $1.3M
(Feb 2018)
- Investors Count 37
All 9 funding rounds of Pelago with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2023 | $58M | Series C | – | Atomico | |
| Jul 2022 | $11.5M | Series B | – | – | – |
| Jul 2021 | $64M | Series B | – | Kinnevik, Atomico | |
| Mar 2020 | $11M | Series A | – | Octopus Ventures | |
| Jan 2020 | $12.14M | Series B | – | – | – |
| Jun 2018 | $125,000 | Seed | – | – | |
| Jun 2018 | Seed | – | – | ||
| May 2018 | $1.1M | Seed | – | Village Global, Pioneer Fund | |
| Feb 2018 | $1.3M | Seed | – | Wayra |
37 investors in total: 18 institutional and 19 angel.
Investors in Pelago
Pelago has secured backing from 37 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Merck, Syndicate Room and Triple Point.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech-based companies are invested in by Atomico venture capital fund. | 2006 | atomico.com | London, United Kingdom | |
Venture capital investments are directed toward multiple sectors by Kinnevik. | 1936 | kinnevik.com | Stockholm, Sweden | |
Venture capital investment and support for founders in technology and health sectors. | octopusventures.com | |||
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
Venture capital investment and global platform support for startups. | 2008 | eightroads.com | London, United Kingdom | |
GreyMatter is focused on investing in mental health innovation. | greymattercapital.com | |||
Online information platform of health and wellness | 2011 | startuphealth.com | San Francisco, United States | |
Provider of investment management services | 2004 | triplepoint.co.uk | London, United Kingdom | |
Investments are made in early-stage startups by Serena Ventures. | serenaventures.com | San Francisco, United States | ||
Early-stage venture capital investing, network building, and founder support services. | villageglobal.vc |
Investor details for Pelago
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Pelago
6 people are tracked at Pelago (6 in leadership).
| Name | Role | Group |
|---|---|---|
Ricky So | Chief Commercial Officer | Leadership |
Yusuf Sherwani | Co-Founder & CEO | Leadership |
Sheeraz Iqbal | Co-Founder | Leadership |
Sarim Siddiqui | Co-Founder | Leadership |
Maroof Ahmed | Co-Founder & COO | Leadership |
Jeffrey Cheung | Director Finance | Leadership |
Complete people profiles for Pelago
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Timeline of Pelago
3 dated milestones of Pelago across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Pelago is founded.
- Funding First funding round of $1.3M.
- Funding Latest funding round, Series C, of $58.0M.
Competitors of Pelago
Pelago has 3 listed competitors in our database, 3 of them funded. They include Bicycle Health, Boulder Care and Monument.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bicyclehealth.com | 2018 | San Francisco, United States | $104M | 258 | An online platform is provided for deaddiction doctor consultations. | |
| boulder.care | 2017 | Brooklyn, United States | $82.46M | 74 | Telehealth-based treatment for substance use disorders is provided. | |
| joinmonument.com | 2019 | New York, United States | $23.61M | SaaS telehealth platform for de-addiction support is provided. |
Detailed competitors of Pelago
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Pelago
The website of Pelago (pelagohealth.com) receives about 69.9K visits a month and ranks #555,398 among all websites worldwide, #2,460 in Marketing and Advertising.
- Monthly visits69.9K
▲ 10.7% vs previous month
- Unique visitors25.7K
per month
- Global rank#555,398
among all websites
- Category rank#2,460
Business and Consumer Services · Marketing and Advertising
- Bounce rate36%
- Pages per visit2.0
- Average visit31 sec
- DevicesDesktop 35% · Mobile 65%
Websites whose visitors overlap most with Pelago. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| mindtools.com | 100% | 445.7K | #133,318 | View details |
Top companies in HR & Workforce Technology
3 companies that operate in the same segment as Pelago (HR & Workforce Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | 1,695 | ||
Cloud-based LMS platform for IT industry | 2004 | Farmington, Utah, United States | USD 235.41 M | USD 4.95 M | 1,774 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M |
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Related news about Pelago
Complete news archive for Pelago
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- Full article archive
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- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Pelago
Pelago was founded in 2014 and raised its 1st funding round 4 years after it was founded.
Pelago is headquartered in New York, United States. It is registered at New York, New York, United States.
Yusuf Sherwani is the CEO of Pelago, as recorded in our data. They have also founded this company.
Pelago is a funded company, having raised a total of $159.16M across 9 funding rounds to date. The company's 1st funding round was a Seed of $1.3M, raised on Feb 2018.
Pelago is established as a virtual clinic specializing in personalized substance use management. Services are provided for individuals seeking to manage or cease use of alcohol, tobacco, opioids, and cannabis. The approach is tailored based on individual health, habits, and goals, supported by physician-led care teams and evidence-based solutions. Sectors served include employers and health plans, with a focus on reducing healthcare costs and improving workforce productivity. Additional support is offered through remote monitoring, cognitive behavioral therapy, and medication-assisted treatment via PelagoRX. Access to high-quality inpatient facilities is coordinated for complex cases.
Pelago's top competitors include Bicycle Health, Boulder Care and Monument.
Pelago offers Substance Use Management, Alcohol Use Care, Tobacco Use Care, Opioid Use Care, and Cannabis Use Care.
Pelago has 37 investors. Key investors include Merck, Syndicate Room, Triple Point, Atomico, and Kinnevik.
Pelago operates through Pelago.