When was Pelago founded?

Pelago was founded in 2014 and raised its 1st funding round 4 years after it was founded.

Where is Pelago located?

Pelago is headquartered in New York City, United States. It is registered at PO Box 118, Unit 118, The Record Hall 16 Baldwins Gardens, Holborn, London, London, England, EC1N 7RJ.

Who is the current CEO of Pelago?

Yusuf Sherwani of Pelago. They have also founded 1 company and are an angel investors in 1 startup.

How many employees does Pelago have?

As of Mar 31, 2026, the latest employee count at Pelago is 173.

Is Pelago a funded company?

Pelago is a funded company, having raised a total of $151M across 7 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Feb 12, 2018.

When was the latest funding round of Pelago?

Pelago's latest funding was a $***** Series C round on Dec 21, 2023, with participation from 6 investors.

Where does Pelago rank among its competitors?

Pelago ranks 2nd amongst 32 active competitors, of which 13 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Birches Health, which secured an undisclosed amount in Sep, 2025.

Who are the top competitors of Pelago?

Pelago's top competitors include Bicycle Health, Boulder Care and Workit Health. Among them, Birches Health secured the most recent funding round in September, 2025.

Pelago - 2026 Company Profile, Team, Funding & Competitors

Pelago is a series C company based in New York City (United States), founded in 2014 by Sarim Siddiqui, Yusuf Sherwani, Maroof Ahmed and Abdulrahman El-Hilly. It operates as a Virtual clinic providing personalized substance use management solutions for individuals. Pelago has raised $151M in funding from investors like Atomico, Octopus Ventures and Wayra. The company has 32 active competitors, including 13 funded and 2 that have exited. Its top competitors include companies like Bicycle Health, Boulder Care and Workit Health.

Company Details

Virtual clinic providing personalized substance use management solutions for individuals. It offers solutions for individuals seeking to overcome substance use disorders, including tobacco, alcohol, opioid, and cannabis addiction. The digital platform offers a technology enabled care model, providing individuals to take control of the health and wellness. It offers cognitive behavioral therapy and medication assisted treatment to support members in the recovery journey.

Website: pelagohealth.com
Social
Email ID: *****@pelagohealth.com
Phone Number: +1 **********
Registered Address: PO Box 118, Unit 118, The Record Hall 16 Baldwins Gardens, Holborn, London, London, England, EC1N 7RJ

Key Metrics

Founded Year

2014

Location

New York City, United States

Stage

Series C

Total Funding

$151M in 7 rounds

Latest Funding Round

Series C, Dec 21, 2023, $*****

Investors

Atomico & 48 more

Ranked

2^nd among 32 active competitors

Employee Count

173 as on Mar 31, 2026

Similar Companies

Bicycle Health & 56 more

View Pelago's full profile

Pelago is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
DIGITAL THERAPEUTICS LTD CIN: 9851330 , United Kingdom, Active	Nov 01, 2015	-	22 (As on Dec 31, 2024)
DIGITAL THERAPEUTICS, INC. CIN: 7247989 , United States, Active	Feb 06, 2024	-	94 (As on Dec 31, 2023)	-

Pelago has raised a total funding of $151M over 7 rounds. Its first funding round was on Feb 12, 2018. Its latest funding round was a Series C round on Dec 21, 2023 for $*****. 6 investors participated in its latest round. Pelago has 27 institutional investors and 22 angel investors.

Here is the list of recent funding rounds of Pelago:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 21, 2023	7788687	Series C	8057023	7642411	5027501	3215331
Jul 19, 2021	8403383	Series B	6569155	3723862	1014541	Octopus Ventures & 2 more
Mar 18, 2020	7946656	Series A	4991853	2421759	Octopus Ventures	Y Combinator & 4 more

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View details of Pelago's funding rounds and investors

The founders of Pelago are Sarim Siddiqui, Yusuf Sherwani, Maroof Ahmed and Abdulrahman El-Hilly. Yusuf Sherwani is the CEO of Pelago.

Here are the details of Pelago's key team members:

Sarim Siddiqui: Co-Founder of Pelago and founder of 1 other company. They are also an angel investor in 1 startup and serve on the boards of 2 companies.
Contact Info: 2 email addresses
Yusuf Sherwani: Co-Founder & CEO of Pelago and founder of 1 other company. They are also an angel investor in 1 startup and serve on the boards of 2 companies.
Contact Info: 2 email addresses
Maroof Ahmed: Co-Founder & COO of Pelago and founder of 1 other company. They are also an angel investor in 1 startup and serve on the boards of 2 companies.
Contact Info: 2 email addresses
Abdulrahman El-Hilly: Co-Founder & Chief Strategy Officer of Pelago. They serve on the boards of 2 companies.

Pelago's Board of Directors

Pelago's board has 8 active members. Sarim Siddiqui, Yusuf Sherwani, Maroof Ahmed, Gabriel Mecklenburg, Ben Blume, Will Gibbs, Christian Scherrer and Maria Maras are independent board members.

Here is the list of Pelago's board of directors:

Name	Type	Representing	Status	Duration
Sarim Siddiqui	Independent board member	-	Current	6y 0m
edfxkmi	Independent board member	-	Current	7y 2m
qjppouj	Independent board member	-	Current	6y 8m
zlmuwhb	Independent board member	-	Current	9y 9m
htw{myc	Independent board member	-	Current	1y 9m
qdldjcb	Independent board member	-	Current	6y 5m
xwgohgc	Independent board member	-	Current	9y 7m
cfoxpnj	Independent board member	-	Current	2y 4m

View details of Pelago's Founder profiles and Board Members

Pelago's employee count trend

Pelago has 173 employees as of Mar 26. Here is Pelago's employee count trend over the years:

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Top competitors of Pelago include Bicycle Health, Boulder Care and Workit Health. Here is the list of Top 10 competitors of Pelago, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Bicycle Health 2018, San Francisco (United States), Series C	Provider of an online doctor consultation platform for deaddiction	$104M	Questa Capital, SignalFire & 14 others	69/100
2nd	Pelago 2014, New York City (United States), Series C	Virtual clinic providing personalized substance use management solutions for individuals	$151M	Kinnevik, For Good Ventures & 47 others	68/100
3rd	Boulder Care 2017, Brooklyn (United States), Series C	Provider of a telehealth-based addiction treatment services, offering whole-person care and unconditional support to individuals struggling with substance use disorders, including opioid and alcohol addiction	$85M	Greycroft, Advance Venture Partners & 13 others	58/100
4th	Workit Health 2015, Bakersfield (United States), Series C	Provider of an app for sobriety management	$132M	Insight Partners, Lux Capital & 19 others	58/100
5th	DynamiCare Health 2016, Cambridge (United States), Seed	Provider of digital therapeutics for substance use recovery	$7.3M	Early Light Ventures, The MBA Fund & 12 others	57/100
6th	Wellable 2013, Boston (United States), Funding Raised	All-in-one employee wellness, rewards, and recognition platform for engagement	-	Archetype	55/100
7th	Birches Health 2023, Phoenix (United States), Series A	Provider of online behavioral addiction treatment and counseling	$20M	AlleyCorp, General Catalyst & 4 others	51/100
8th	Lionrock Recovery 2010, Mountain View (United States), Acquired	Online de-addiction therapy	$7M	-	50/100
9th	Prestodoctor 2014, Walnut (United States), Acquired	Provider of an online medical marijuana doctors for cannabis cards	-	-	45/100
10th	Oar 2020, Brooklyn (United States), Funding Raised	Online platform offering medication-assisted treatment for alcohol use disorder	-	Compound Foundry	44/100