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Pelago - Company Overview, Founder, CEO, Funding & Investment Details

Complete information about Pelago including founder details, CEO information, total funding raised, headquarters location, team size, and recent investment rounds.

Pelago company logo

Pelago is the world’s leading virtual clinic for substance use management.

Pelago is transforming substance use support—from prevention to treatment—delivering education, management skills, and opportunities for positive change to members struggling with substance use, including tobacco, alcohol, and opioids.

HeadquartersNew York, United States
Team size101-250
Founded2017

What is Pelago? - Company Overview & Details

Pelago is Pelago is transforming substance use support—from prevention to treatment—delivering education, management skills, and opportunities for positive change to members struggling with substance use, including tobacco, alcohol, and opioids. Founded in 2017, the company is headquartered in New York, United States.

Who Founded Pelago?

Pelago was founded by Yusuf Sherwani, M.D., Maroof Ahmed, Sarim Siddiqui.

Who are the Key Executives at Pelago? - Leadership Team

Pelago is led by experienced executives in key positions:

Chief Executive Officer (CEO) of Pelago

Yusuf Sherwani, M.D.CEO

Chief Technology Officer (CTO) of Pelago

CTO

About Yusuf Sherwani, M.D. - CEO of Pelago

Yusuf Sherwani, M.D. serves as the Chief Executive Officer of Pelago, leading the company's strategic vision and operations. Connect with them on LinkedIn for professional insights.

Pelago Company Details & Key Information

Where is Pelago located?

Pelago is headquartered in New York, United States.

How many employees does Pelago have?

Pelago has 101-250 employees.

When was Pelago founded?

Pelago was founded in 2017.

Pelago Official Website

How much funding has Pelago raised?

Pelago has raised $151 Million across 5 funding rounds. The most recent funding was completed on 2024-03-28.

Funding Overview

Pelago raised $58 million in Series C funding to enhance its substance use management offerings and support growth.

$151 Million
Total Funding Raised
5
Funding Rounds
2024-03-28
Latest Round

Pelago Funding History

Series C
2024-03-28
$58 Million
Series B
2021-08-19
$64 Million

Who are the key investors in Pelago?

Pelago is backed by 2 key investors including Atomico, Kinnevik. These investors focus on Technology, Healthcare, Consumer sectors.

Pelago Investor Overview

2
Key Investors
3
Focus Areas
4
Notable Investments

Complete List of Pelago Investors

Atomico

Venture capital firm investing in innovative technology companies.

Investment Focus
Technology
Healthcare
Notable Portfolio Companies
Revolut
Rappi

Kinnevik

Investment company focused on tech-enabled consumer and healthcare services.

Investment Focus
Healthcare
Consumer
Notable Portfolio Companies
Zalando
Kry

What sectors do Pelago investors focus on?

The investors backing Pelago primarily focus on Technology, Healthcare, Consumer sectors.

Technology
Healthcare
Consumer

Featured Investor: Atomico

Atomico

Venture capital firm investing in innovative technology companies.

Notable Investments: Revolut, Rappi

What are Pelago's future plans?

Pelago Pelago aims to expand its substance use management programs and enhance engagement with its virtual clinic.

Pelago Strategic Outlook

Strategic Focus
Defined
2
Key Challenges
2
Growth Opportunities

What challenges does Pelago face?

Pelago has identified 2 key challenges that need to be addressed for continued growth and success.

Key Challenges for Pelago

1

Increasing competition in digital health

2

Need for greater awareness of substance use management

What opportunities does Pelago have?

Pelago has identified 2 key opportunities for growth and market expansion.

Growth Opportunities for Pelago

1

Expanding services to adolescents

2

Integrating with more employer health plans

Pelago Strategic Position Summary

Key Focus Areas

Pelago is addressing 2 strategic challenges to strengthen its market position.

Growth Potential

The company has identified 2 key opportunities for expansion and growth.

What are the latest news about Pelago?

Pelago has 2 recent news updates covering key business developments and market activities.

Pelago News Overview

2
Recent Articles
Active
Media Coverage
2024-11-20
Latest Update

What is Pelago in the news for?

Pelago is currently featured in news for Pelago Health hired Frank Jennings as president on Nov 13th '24. and other significant business developments.

Recent News Articles About Pelago

Article 1
2024-11-20

Pelago Health hired Frank Jennings as president on Nov 13th '24.

Pelago has appointed Frank Jennings as its new president, transitioning leadership as it seeks to expand its influence in substance use care.

bhbusiness.com
Read News
Article 2
2024-03-26

Pelago Health announces $58 million Series C funding to strengthen leadership in substance use management.

Pelago raised $58 million in its Series C funding round led by Atomico to enhance its substance use management offerings.

streetinsider.com
Read News

Pelago FAQ - Frequently Asked Questions About Founder, CEO, Funding & Company Details

Find answers to the most common questions about Pelago including information about founders, CEO, funding history, investors, headquarters location, and company details. 18 frequently asked questions covering key information about the company.

Pelago Questions & Answers - Company Information

Q1

What is Pelago?

Pelago is transforming substance use support—from prevention to treatment—delivering education, management skills, and opportunities for positive change to members struggling with substance use, including tobacco, alcohol, and opioids.

Q2

Who founded Pelago?

Pelago was founded by Yusuf Sherwani, M.D., Maroof Ahmed, Sarim Siddiqui.

Q3

Who is the CEO of Pelago?

The CEO of Pelago is Yusuf Sherwani, M.D.. You can find more information about them on their LinkedIn profile.

Q4

How much funding has Pelago raised?

Pelago has raised a total of $$151 Million across 5 funding rounds. The most recent funding was completed on 2024-03-28.

Q5

Who are the investors in Pelago?

Pelago's key investors include Atomico, Kinnevik.

Q6

Where is Pelago headquartered?

Pelago is headquartered in New York, United States.

Q7

When was Pelago founded?

Pelago was founded in 2017.

Q8

How many employees does Pelago have?

Pelago has 101-250 employees.

Q9

What is Pelago's official website?

You can visit Pelago's official website at https://www.pelagohealth.com/.

Q10

What was Pelago's latest funding round?

Pelago's latest funding round was a Series C round of $$58 Million completed on 2024-03-28.

Q11

Who is founder?

Yusuf Sherwani, M.D.

Q12

What does the company do?

Pelago provides virtual care management for substance use disorders, focusing on personalized treatment and support.

Q13

How much funding?

$151 Million

Q14

Latest funding date?

2024-03-28

Q15

Who are the investors?

Atomico Kinnevik

Q16

What are the challenges?

Increasing competition in digital health Need for greater awareness of substance use management

Q17

What are the opportunities?

Expanding services to adolescents Integrating with more employer health plans

Q18

Latest news?

Pelago has appointed Frank Jennings as its new president, transitioning leadership as it seeks to expand its influence in substance use care. Pelago raised $58 million in its Series C funding round led by Atomico to enhance its substance use management offerings.

More Information About Pelago

For additional details about Pelago, including the latest news, funding updates, and company developments, explore our comprehensive company database. Find information about startup funding, company valuations, executive leadership, and business intelligence data.