Pelago Funding, Investors & Competitors

Workit Health is a telemedicine provider specializing in substance use disorder treatment through its mobile app. Based in San Francisco, California, the platform delivers medication-assisted therapy, individual counseling, group sessions, psychiatric care, and recovery coaching compliant with ASAM standards. Founded in 2016, it serves patients in 38 U.S. states, treating over 25,000 individuals annually with evidence-based protocols including buprenorphine prescriptions and cognitive behavioral therapy. Workit Health partners with employers and health plans for accessible outpatient care.

Ro is a New York-headquartered telehealth company launched in 2017. The platform offers men's health treatments through Roman, women's health via Rory, weight management with Sequence, and fertility care under Ro Fertility. Ro integrates virtual consultations with licensed providers, at-home diagnostics, and direct medication delivery from FDA-approved pharmacies in all 50 states. Its infrastructure includes proprietary fulfillment centers in Tempe and Dallas processing millions of prescriptions annually. Ro expanded into primary care with Ro Mind for mental health and Ozlo for gastrointestinal treatments.

Hims & Hers, launched in 2017, is a telehealth platform that connects patients and healthcare providers to offer treatment options for specialties like erectile dysfunction, hair loss, skin care, mental health, and weight loss. Its offerings include generic, branded, and compounded prescription drugs as well as over-the-counter medicines, cosmetics, and supplements. The platform, which has more than 2 million subscribers, is available in all 50 states and certain European markets like the UK. It includes provider networks, electronic medical records, cloud pharmacy fulfillment, and personalization capabilities. Hims does not take insurance and only accepts payments directly from customers.

Cerebral is a US-based telemedicine provider offering mental health care for anxiety, depression, and ADHD. Headquartered in San Francisco, it connects patients with licensed therapists and prescribers via app for medication management and therapy sessions. The platform serves all 50 states with insurance billing for Aetna and Cigna. Cerebral uses evidence-based protocols like CBT and follows APA guidelines. Launched in 2020, it expanded to couples counseling.

Sword Health is a Lisbon-headquartered digital therapeutics company offering AI-guided physical therapy for musculoskeletal and pelvic floor conditions. Patients access virtual sessions via app with motion-tracking sensors and clinician oversight. The platform supports remote recovery programs for back pain, joint issues, and postpartum care.

Noom is a digital health platform combining psychology, AI, and human coaching for wellness goals including weight management, diabetes prevention, and stress reduction. New York City-headquartered, it secured grants from the National Institutes of Health and became the first mobile app certified by the Centers for Disease Control for diabetes prevention. Noom serves millions via app-based programs with behavioral tracking and virtual coaching sessions. Recognized by Inc and Fortune for workplace culture, it operates globally with personalized nutrition and habit-building modules.

Grow Therapy is a New York-headquartered online platform connecting clients with licensed mental health providers across all 50 U.S. states. It handles credentialing, billing, and insurance claims for in-network therapists, integrating with Aetna, Cigna, Medicare, Medicaid, and UnitedHealthcare among 100-plus payers. The service delivers matched referrals, business tools, peer communities, and continuing education events to independent practitioners. Supporting thousands of therapists serving over 1 million clients, Grow Therapy raised $178 million from investors including Sequoia Capital and Goldman Sachs Alternatives.

Headway is a virtual mental health platform connecting patients with licensed therapists who accept insurance. New York-headquartered Headway streamlines booking for video or in-person sessions across all 50 U.S. states. The platform verifies provider credentials, handles billing with major insurers like Aetna and UnitedHealthcare, and supports 200 therapy specialties including anxiety and trauma. Launched in 2019, Headway serves over 10 million covered lives, enabling practices to scale through technology.

Compass Pathways PLC is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. The company is motivated by the need to find ways to help and empower people suffering with mental health challenges who are not helped by existing therapies and are pioneering the development of a new model of psilocybin therapy, in which psilocybin is administered in conjunction with psychological support. Its focus is on treatment-resistant depression, or TRD, a subset of major depressive disorder, or MDD, comprising patients who are inadequately served by the treatment paradigm. It has developed a proprietary, high-purity polymorphic crystalline formulation of psilocybin, COMP360.

Nourish is a virtual nutrition care provider using AI to deliver insurance-covered dietitian services addressing chronic diseases. New York-headquartered since 2020, it matches patients with registered dietitians for personalized plans covered by Medicare and major plans, focusing on diabetes, hypertension, and weight management.

Apricus Health is a telehealth provider offering direct primary care memberships with 24/7 access to physicians and navigators for diagnosing common conditions like infections, hypertension, and mental health issues. Available nationwide via app and video, it covers virtual visits, prescriptions, labs, and chronic disease management without insurance requirements. Apricus emphasizes personalized plans and preventive screenings.

Pristyn Care is a healthcare startup in India specializing in daycare procedures using technology-enabled processes. It covers surgeries like piles, hernia, and cataracts through in-house networks. Operating in multiple cities including Bangalore and Delhi, the company integrates teleconsultations and end-to-end care delivery.

Calibrate is a New York-headquartered telehealth company offering a virtual program for metabolic health and weight management. Launched in 2020, it pairs FDA-approved GLP-1 medications like semaglutide with personalized coaching, nutrition plans, and behavioral therapy delivered via app and video sessions. The program targets adults with obesity, emphasizing long-term habit formation through weekly check-ins and biomarker tracking. Calibrate serves thousands of members nationwide and collaborates with obesity specialists from institutions like Mount Sinai.

Elemy is a provider of in-home behavioral and mental healthcare for children nationwide. Denver-headquartered, it launched autism care services in April 2020 before expanding to ADHD, OCD, anxiety, depression, social anxiety, and bipolar disorder. The platform integrates telehealth scheduling, progress tracking, and multidisciplinary teams of therapists, behavior analysts, and psychiatrists delivering whole-child treatment models. Elemy partners with insurers like UnitedHealthcare and Aetna, focusing on underserved families in 25 states with outcomes including doubled therapy adherence rates.

Teladoc Health Inc is engaged in virtual care, forging a new healthcare experience with improved convenience, outcomes, and value. Its mission is to empower all people everywhere to live their healthiest lives by transforming the healthcare experience. It operates in Teladoc two segments Health Integrated Care and BetterHelp segments. The majority of its revenue is generated from access fees on a subscription basis (per member, per month). The balance comes from visit fees and equipment rental and sales to hospital systems.

Hims & Hers is a San Francisco-headquartered telehealth platform connecting patients with licensed providers for treatments in hair loss, erectile dysfunction, mental health, dermatology, and weight management. Founded in 2017 and public on NYSE since 2021, it serves 1.5 million subscribers through its proprietary electronic health record system. Partnerships with Ochsner Health, Mount Sinai, and Privia Health enable hybrid virtual and in-person care, with Hers brand launched in 2018 expanding women's health options like skincare and birth control.

SonderMind is a Denver-headquartered teletherapy platform founded in 2017 that matches patients with licensed therapists across 50 states. Its network includes 3,000 providers specializing in anxiety, depression, and trauma, serving 200,000 sessions monthly for individuals, employers, and health plans like Aetna. The platform handles billing, scheduling, and outcomes tracking via HIPAA-compliant software. SonderMind operates in partnership with 100 corporate clients and reports 85 percent client retention through personalized matching algorithms.

Talkspace Inc is a behavioral healthcare company offering access to licensed therapists, psychologists, and psychiatrists through its technology platform. It serves clients including health plans, enterprises, and individual subscribers. Therapists address various mental health conditions, while psychiatrists cater to a higher acuity demographic. Revenue stems from payor and direct-to-enterprise clients, with contracts lasting one to three years. The majority of the Company’s operations and revenues are based in the United States.