Pelago raised $58 million in a Series C funding round led by Atomico, to accelerate product development and clinical research for substance use management.
Amount Raised
$58 Million
Round Type
Series C
New YorkBiotechnologyHealth CareInvestors
Description
Pelago announced a $58 million Series C funding round to strengthen its leadership in substance use management. The funding follows strong demand from employers and health plans, resulting in 287% revenue growth in 2023 and 100% client retention.
Quick answer
Pelago Health raised $58 Million in a Series C round, dated March 28, 2024. Investors: Grey Matter Capital, Eight Roads, Y Combinator, Octopus Ventures, Kinnevik Ab and Atomico. Pelago Health is based in New York, New York, United States.
- How much did Pelago Health raise?
- Pelago Health raised $58 Million in a Series C round on March 28, 2024.
- Who invested in Pelago Health?
- Grey Matter Capital, Eight Roads, Y Combinator, Octopus Ventures, Kinnevik Ab and Atomico are named as investors in this round.
- What does Pelago Health do?
- Pelago Legal Name Digital Therapeutics, Inc. Pelago is the world’s leading virtual clinic for substance use management.
- Where is Pelago Health based and how big is it?
- Pelago Health is based in New York, New York, United States.
- Who are the decision-makers at Pelago Health?
- Fundz holds 1 contact at Pelago Health. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Biotechnology and Health Care around the same time
Companies in the same sectors as Pelago Health that raised within 45 days of this round, from Fundz verified event records.
- Commit Biologics raised $17M (Seed) on May 10, 2024.
- BioVaxys Technology Corp. raised $52K on May 10, 2024.
- Alzamend Neuro raised $25M (Series A) on May 9, 2024.
- Vertigenius raised $2.3M (Seed) on May 8, 2024.
- Nami Surgical raised $4M (Seed) on May 8, 2024.
- Memo Therapeutics AG raised $22M (Series C) on May 7, 2024.
Who to call at Pelago Health, and when
A new round usually means Pelago Health is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Pelago Health raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Pelago Health, from your own LinkedIn network
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Related People
Pelago Health raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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