Fello Raises $10.4M in Funding

Fello, a Chicago, IL-based provider of a peer support platform for loneliness, raised $10.4M in funding.

Backers included Glen Tullman’s 62Ventures, The Capital Factory Fellowship Fund, Katalyst Capital and Offline Ventures, amongst others.

The company intends to use the funds to expand operations and its business reach.

Co-founded by Jeff Werring and Pete Kadens and led by CEO Alyssa Pollack, Fello provides a peer support platform which connects anyone seeking connection and guidance to people who can help them because they have gone through the same exact struggle. The virtual marketplace allows everyday people to turn their lived experiences into a power to help people who are struggling.

By sharing their stories and wisdom, Fellos can earn up to $56/hour. For Finders – or those seeking support – a 30-minute video check-in with a Fello costing just $40. Support is easily accessible through virtual check-ins, which can be scheduled at any time and from anywhere in the U.S. All Fellos undergo a process that includes background and reference checks, completion of training modules, and an assessment before they can begin offering check-ins.

The app launched this fall with coverage across four areas, relationships, parenting, drug use and alcohol use, and has plans to expand to additional topics in the coming months.

The leadership team includes Chief Marketing Officer Meg Donovan (MasterClass, Uber), Chief Medical Officer Dr. Adam Glasofer (Amazon, Virtua Health), Chief Experience Officer Carlin Park (Homeward, Livongo), Clinical Advisor Dr. Thekla Ross (Kaiser Permanente), Head of Product & Analytics Samir Lakhani (Upwork, Coinbase), Regulatory Advisor Brian Vandenberg (Livongo, American Medical Association).

FinSMEs

24/02/2025