Fundraising Fox
Pelago
YC W18New York City, US · Founded 2017 · Delaware corporation · 180 employees · Hiring · 23 known investors
Find your way into Pelago
Sign up to see every warm intro you have to Pelago
- Paths you didn't know you had: your email and LinkedIn already hold routes to the Pelago team. We find them for you
- 2nd- and 3rd-degree connections: the friend-of-a-friend routes that take hours to manually find through your inbox or LinkedIn
- Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone
Days of research, done the moment you sign in, with every route ranked by how warm it is.
Pelago (formerly Quit Genius) operates a virtual clinic for substance use management, offering cognitive behavioral therapy and medication-assisted treatment programs for tobacco, alcohol, and opioid use. It sells to employers as an on-demand digital health benefit that integrates with health plans, pharmacy benefit managers, and wellness platforms.
Also known as Digital Therapeutics, Inc. · Quit Genius
Founders & leadership· Y Combinator alumni (W18)
Pelago was founded in 2017 by Yusuf Sherwani, Sarim Siddiqui, and Maroof Ahmed.
Investors · 23
How we know: AAF Management Ltd.'s portfolio page · Y Combinator's founder network · Not right? Tell us
How we know: a partner's Signal profile · board seat on SEC Form D · clay.com · atomico.com · Y Combinator's founder network · Not right? Tell us
How we know: GreyMatter's portfolio page · the VCSheet dataset · Not right? Tell us
How we know: Kinnevik's portfolio page · clay.com · Y Combinator's founder network · Not right? Tell us
How we know: Kreos Capital's portfolio page · Not right? Tell us
How we know: Manta Ray Ventures's portfolio page · Not right? Tell us
How we know: Octopus Ventures's portfolio page · a partner's Signal profile · clay.com · Y Combinator's founder network · Not right? Tell us
How we know: Pioneer's portfolio page · Y Combinator's founder network · pioneerfund.vc · Not right? Tell us
How we know: SemperVirens Venture Capital's portfolio page · Y Combinator's founder network · Not right? Tell us
How we know: Village Global's portfolio page · the VCSheet dataset · Y Combinator's founder network · Not right? Tell us
How we know: the Y Combinator directory · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
Funding
SEC filings, press & company announcements$181.6M disclosed across 5 of 7 rounds · 2020–2025
- Undisclosed amountSeries AApr 2025
Atomico (lead), Kinnevik (lead), Octopus Ventures (lead)
Source ↗ - $58MSeries CMar 2024 · 2 sourcesSource ↗
▶$50.5MraisedApr 2024 · 10 investors · Other TechnologyRule 506(b)
- Yusuf SherwaniExecutive Officer, Director
- Gabriel MecklenburgDirector
- Will GibbsDirector
- Maria MarasDirector
- Sarim SiddiquiExecutive Officer, Director
- Ben BlumeDirector
- Maroof AhmedExecutive Officer, Director
- Offering amount
- $50.5M
- Amount sold
- $50.5M
- First sale
- Dec 2023
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$11.5MraisedAug 2022 · 2 investors · Other TechnologyRule 506(b)
- Maroof AhmedExecutive Officer, Director
- Sarim SiddiquiExecutive Officer, Director
- Gabriel MecklenburgDirector
- Will GibbsDirector
- Christian ScherrerDirector
- Yusuf SherwaniExecutive Officer, Director
- Offering amount
- $15.3M
- Amount sold
- $11.5M
- First sale
- Jul 2022
- Incorporated
- Corporation, Delaware, 2017
- Federal exemptions
- 06b
▶$49.5MraisedJul 2021 · 6 investors · Other TechnologyRule 506(b)
- Christian ScherrerDirector
- Sarim SiddiquiExecutive Officer, Director
- Maroof AhmedExecutive Officer, Director
- Will GibbsDirector
- Yusuf SherwaniExecutive Officer, Director
- Offering amount
- $49.5M
- Amount sold
- $49.5M
- First sale
- Jul 2021
- Incorporated
- Corporation, Delaware, 2017
- Federal exemptions
- 06b
▶$12.1MraisedMar 2020 · 31 investors · OtherRule 506(b)
- Sarim SiddiquiExecutive Officer, Director
- Maroof AhmedExecutive Officer, Director
- Yusuf SherwaniExecutive Officer, Director
- Offering amount
- $13.7M
- Amount sold
- $12.1M
- First sale
- Jan 2020
- Incorporated
- Corporation, Delaware, 2017
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Images
Founder mafia
3 people who came through Pelago went on to found or lead other companies.
Related companies · 9
Companies working in the same space as Pelago.
Legal entities · 1
corporate structureIn the news
Exclusive: SUD Provider Pelago Pivots to Behavioral Health with New Bot - Behavioral Health Businessbhbusiness.com · Jul 2026Frequently asked questions
- What does Pelago do?
- Pelago (formerly Quit Genius) operates a virtual clinic for substance use management, offering cognitive behavioral therapy and medication-assisted treatment programs for tobacco, alcohol, and opioid use. It sells to employers as an on-demand digital health benefit that integrates with health plans, pharmacy benefit managers, and wellness platforms.
- Who founded Pelago?
- Pelago was founded by Yusuf Sherwani, Sarim Siddiqui, Maroof Ahmed in 2017.
- Who are Pelago's investors?
- Pelago's investors include AAF Management Ltd., Atomico, Cade Ventures, GreyMatter, Kinnevik, Kreos Capital, Manta Ray Ventures, Octopus Ventures and 15 more.
- How much funding has Pelago raised?
- Pelago has disclosed $181.6M raised across 5 of its 7 known rounds.
- Where is Pelago headquartered?
- Pelago is headquartered in New York City, US.