intelligence360
  • SUBSCRIBE
  • About us
  • Video News Daily
  • Contact Us
  • Search Icon

intelligence360

The Intelligent News Source

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

Post navigation

NEXT
TRIO Pharmaceuticals Completes $3.1 Million Financing Round to Advance Cancer Therapeutics Pipeline
PREVIOUS
City of Frisco to spend $182 Million to occupy 130,000 square feet of space in Frisco Texas.
Comments are closed.
Subscribe for FREE!

intelligence360

intelligence360
Source: http://go.intelligence360.io/ and https://intelligence360.news/

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.
Source: http://go.intelligence360.io/ and https://intelligence360.news/

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.
Source: http://go.intelligence360.io/ and https://intelligence360.news/

TicketManager, a global leader in event ticket and guest management solutions for the corporate enterprise, today announced Valeas Capital Partners, a growth-oriented private-equity firm, has acquired a majority stake in the company. Under the terms of the agreement, Valeas is committing $110 million to support TicketManager’s strategic growth plans. TicketManager Co-Founder and CEO Tony Knopp and COO Ken Hanscom will retain a minority interest in the Company. Founded in 2007, TicketManager is the category leader in providing software and services to manage end-to-end event ticket workflow and guest experiences. Serving as the central hub and system of record for data-driven organizations, the platform streamlines every step of the ticket management process. Every year, companies spend more than $600 billion on customer entertainment, yet 43% of corporate tickets are never used and fewer than 20% of organizations leverage modern software to optimize those investments and mitigate compliance risk.

In a statement Tony Knopp, CEO and Co-Founder of TicketManager said, “Live events are an important investment for businesses of all sizes. Whether major global sponsorships, naming rights for stadiums, luxury suites or even a few season tickets for the local team, companies use them to attract and keep customers while building their brands. But in today’s market, many companies struggle with growing pressure to show the value of their ticket spending.” “We knew there was a better way, and that’s why we created TicketManager – to make company tickets easy and prove the return on investment with cutting edge technology and services.”

TicketManager is a leading event- and guest-management platform that empowers companies to make client entertainment easy and drive greater return on investment. It offers convenient and simple technology to manage corporate sports and entertainment tickets, create exceptional guest life-cycle experiences, and measure effectiveness. TicketManager is trusted by more than 500 global brands including Verizon, FedEx, Adidas, Anheuser-Busch, and Mastercard.
Load More... Subscribe

Categories

Recent Posts

  • Bespoken Spirits Announces Successful Close of Series-C Funding Round June 9, 2025
  • Bito Raises $5.7M Seed Extension to Expand AI Code Review Platform with Codebase Awareness June 9, 2025
  • Pillar Biosciences Raises $34.5M in Funding June 9, 2025
  • CloudZero Raises $56M Series C To Redefine Cloud Cost Optimization In The AI Era June 9, 2025

Archives

© 2025   Copyright SI360 Inc. All Rights Reserved.