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Fello, the Peer Support Platform for the Loneliness Epidemic, Raises $10.4M

Fello, the Peer Support Platform for the Loneliness Epidemic, Raises $10.4M

December 19, 2024 Craig Etkin
  • Led by former Uber Exec with an initial raise of $10.4 million including a seed investment from Glen Tullman’s 62Ventures, The Capital Factory Fellowship Fund, Katalyst Capital and Offline Ventures.
  • Center for Disease Control (CDC) data shows 1 in 3 adults report feeling lonely, a health problem that the US surgeon general cites as having the same impact as smoking 15 cigarettes per day.
  • Tens of millions more are struggling with mental health & addiction and attempting to manage it on their own.
  • Fello offers an affordable, social health alternative to loneliness with a platform that connects people seeking guidance to “Fellos” with real life experience in substance use, parenting, relationships and more.

December 03, 2024 11:00 AM Eastern Standard Time

CHICAGO–(BUSINESS WIRE)–Meet Fello: The innovative peer support platform for the loneliness epidemic which connects anyone seeking connection and guidance to people who can help them because they have gone through the same exact struggle. Led by former Uber Eats executive Alyssa Pollack, who co-founded and co-led Uber Eats on its path from zero to $15 billion in revenue, Fello announced it has raised $10.4 million to-date, including a seed investment from Glen Tullman’s 62Ventures, The Capital Factory Fellowship Fund, Katalyst Capital and Offline Ventures, amongst others. Fello’s mission is to give everyone access to peer support – regardless of what they’re going through.

Tens of millions of Americans are struggling with uncertainty, anxiety, addiction and trying to manage these problems completely on their own. The Center for Disease Control (CDC) reports that one third of adults say they feel lonely, a health problem that the U.S. surgeon general cites as having the same impact as smoking 15 cigarettes per day. Further to that, tens of millions are struggling with mental health challenges without any help. While therapy has become more mainstream in the last several decades, traditional therapy is a luxury that many cannot afford and which can’t scale to serve all those who need support.

Fello is reimagining how people get support with a virtual marketplace where everyday people can turn their lived experiences into a superpower to help people who are struggling. 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.

Fellos are trained to pair the wisdom of lived experiences with the knowledge of active listening, by undergoing vetting and training processes developed with a team of leading clinicians led by Clinical Psychologist Dr. Thekla Ross and Fello’s Chief Medical Officer, Dr. Adam Glasofer. 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 is an affordable alternative to traditional therapy, 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.

CEO and co-founder Alyssa Pollack said: “Telling the growing number of people struggling with loneliness that traditional therapy is their only option is like sending everyone with a stubbed toe to the emergency room. Fello is here to bridge the widening gap for those seeking help from others who have successfully navigated similar challenges—whether it’s the stress of parenting or the struggle of addiction. Utilizing the technology and rapid growth operations that built the gig economy, we are creating a platform that makes it easy to connect and get support from someone who’s been in your shoes.”

Peer-supported healthcare isn’t new. In fact, it’s been driving successful outcomes over the last 40+ years across a wide range of areas, including mental health, addiction recovery, and overall well-being. According to Mental Health America, both quantitative and qualitative evidence indicate that peer support lowers the overall cost of mental health services specifically by reducing re-hospitalization rates and days spent in inpatient services, increasing the use of outpatient services. Peer support improves quality of life, increases and improves engagement with services, and has a positive impact on an individual’s overall health.

Fello is building on this movement and modernizing it, with a mission to enable everyone to have access to peer support – regardless of what you’re going through. It provides support that’s more affordable, available, accessible and approachable.

Fello was initially conceived by Jeff Werring and Pete Kadens as part of their personal journeys seeking help from addiction and finding sobriety. Kadens, a seasoned entrepreneur and renowned philanthropist who currently serves as founder of Hope Chicago (one of the country’s largest scholarship funds) and previously served as CEO and cofounder of Green Thumb Industries and SoCore Energy (now Engie Solar), later tapped ex-Uber Eats exec Alyssa Pollack to join as a co-founder and CEO of Fello. 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).

Fello’s co-founders realized the need for a modern-day version of a peer-to-peer support community based on their own challenges. After struggling with addiction and finding that outlets like rehab and Alcoholics Anonymous were incomplete solutions for long-term recovery success, Fello co-founder Jeff Werring approached longtime friend Pete Kadens (who is 17 years sober) to partner on a solution.

Kadens said: “When Fello co-founder Jeff Werring came to me with this idea, I knew we had to do something to change the way people help and heal – and make it both affordable and accessible. This is not just another mental health app. We have built a platform for getting experience-based peer support where people can turn their most valuable and largely underutilized asset – their lived experience – into a superpower. Like Uber did for drivers with cars, Airbnb did for dwellings, and Taskrabbit did for handyman skill.”

For more information or to download the mobile app, visit https://www.myfello.app/. To keep up on all things Fello, follow the brand on Instagram, Facebook and LinkedIn.

About Fello:

Fello is an innovative peer support platform for the loneliness epidemic which connects anyone seeking connection and guidance to people who can help them because they have gone through the same exact struggle. Led by former Uber Eats executive Alyssa Pollack, who co-founded and co-led Uber Eats on its path from zero to $15B in revenue, Fello’s mission is to give everyone access to peer support – regardless of what they’re going through. Fellos are trained to pair the wisdom of lived experiences with the knowledge of active listening, by undergoing vetting and training processes developed with a team of leading clinicians led by Clinical Psychologist Dr. Thekla Ross and Fello’s Chief Medical Officer, Dr. Adam Glasofer. 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 is an affordable alternative to traditional therapy, costing just $40. 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. For more information or to download the app, visit https://www.myfello.app/. To keep up on all things Fello, follow the brand on Instagram, Facebook and LinkedIn.

Contacts

Michelle Calarco
calarco_michelle@myfello.app

(c)2024 Business Wire, Inc., All rights reserved.


Venture Capital
Business Wire, Chicago, Fello, Illinois, Venture Capital

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Infinite Reality, an innovation company powering the next generation of immersive media, AI, and ecommerce, today announced a landmark real estate partnership with renowned real estate investment, development and management firm Sterling Bay to co-develop a 60-acre site in Fort Lauderdale into a next-generation technology and entertainment campus. This ambitious redevelopment—expected to open in 2026—will serve as Infinite Reality’s new global headquarters and is the cornerstone of iR’s long-term real estate strategy, which begins with this flagship project in South Florida. The public-private project marks one of the largest creative economy investments in the area to date, aiming to generate more than 1,000 new jobs with an average salary of six figures and deliver long-term economic growth to the region. Located at 1400 NW 31st Avenue on the site of a remediated former Superfund property, the development features over 100,000 square feet of Class A office space for media, tech, and enterprise clients. Construction is expected to begin in early 2026, pending completion of permitting and design phases.

In a statement John Acunto, co-founder and CEO of Infinite Reality said, “This isn’t just a headquarters—it’s the heart of Infinite Reality’s future. As a proud South Florida resident, this project is deeply personal to me.” “It’s about transforming a community I love into a global hub for immersive technology and creativity. We’re building opportunity, fueling innovation, and laying the foundation for a lasting legacy. Partnering with a world-class development firm like Sterling Bay ensures that this vision is realized at the highest level—and that Fort Lauderdale becomes a defining force in the future of the digital economy.”

In addition to serving as a corporate campus, the site will include flexible spaces for retail, production, digital broadcasting, and entertainment ventures. The development also includes educational initiatives in partnership with local institutions to train and hire future talent in STEM, immersive tech, and creative production. Infinite Reality is an innovation company powering the next generation of digital media and ecommerce through spatial computing, artificial intelligence, and other immersive technologies. Infinite Reality’s suite of cutting-edge software, production, marketing services, and other capabilities empower brands and creators to craft inventive digital experiences that uplevel audience engagement, data ownership, monetization, and brand health metrics.
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Kimberly-Clark Corporation, one of the world's leading manufacturers of personal care and hygiene products, will establish an $800 million advanced manufacturing facility in Trumbull County, bringing an anticipated 491 new high-quality jobs. For Kimberly-Clark, this new facility would be its first in Ohio and represents not just a strategic expansion, but a decisive step in doubling down on growth in the American market. Spread across more than one million square feet, the Warren facility will provide the manufacturing capacity needed to unleash future growth for Kimberly-Clark’s fastest-growing personal care categories that include Baby & Child Care and Adult & Feminine Care. Warren is in geographic proximity to roughly 117 million consumers and will serve as a strategic hub for the Northeast and Midwest regions. Construction is expected to begin this month and will take up to two years.

In a statement Tamera Fenske, chief supply chain officer at Kimberly-Clark said, “Our investment in Warren is a pivotal step forward in our North America business and strategy.” “By establishing a new, state-of-the-art manufacturing facility in Ohio, we’re enhancing our ability to serve millions of consumers across the Midwest and Northeast with greater speed, agility, and resilience. It’s a once-in-a-career opportunity to build a facility from the ground up that reflects the future of manufacturing, and with the support of local partners like JobsOhio, the Department of Development, Lake to River, Western Reserve Port Authority, and local governments, we have the unique opportunity to create high-quality jobs and long-term economic impact in the region.”

Based in Dallas and employing 46,000 people in 34 countries, the company’s portfolio of brands also includes Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll. Its products are sold in more than 175 countries and territories.
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Snorkel AI announced general availability of two new product offerings on the Snorkel AI Data Development Platform: Snorkel Evaluate and Snorkel Expert Data-as-a-Service. These launches advance its mission to turn knowledge into specialized AI—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. In addition, Snorkel AI announced it has raised $100 million in Series D funding at a $1.3 billion valuation, led by Addition. This new funding will fuel continued research and innovation in evaluating and tuning specialized AI systems with expert data.


In a statement Alex Ratner, Co-founder and CEO of Snorkel AI said, “We are seeing a surge of momentum around agentic AI, but specialized enterprise agents aren’t ready for production in most settings.” “Enterprises need domain-specific data and expertise to make this a reality. We’re excited to deliver on this need and help AI innovators develop expert data to bring their LLM and agentic systems into production with our new offerings, which round out Snorkel’s unified AI data development stack.”

Snorkel AI is building the Snorkel AI Data Development Platform for evaluating and tuning specialized AI at scale. Snorkel AI’s offerings, including Snorkel Evaluate and Snorkel Expert Data-as-a-Service, accelerate evaluation and tuning of specialized AI systems with expert data—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. Launched out of the Stanford AI Lab, Snorkel AI’s platform is used in production by Fortune 500 companies, including BNY, Wayfair, and Chubb, as well as across the U.S. federal government, including the U.S. Air Force.
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