Fellow — Funding & Company Data

Fellow's funding trajectory indicates a deliberate and well-supported growth strategy. The company was founded in 2017 by serial entrepreneurs who previously founded and sold Fluidware to SurveyMonkey, lending them significant credibility and experience.

The initial $6.5 million Seed round in 2019, backed by notable firms like Inovia and Felicis, allowed the company to build out its product and secure early large customers like Shopify. The subsequent $24 million Series A in October 2021 was a significant step up, led by Craft Ventures, a top-tier SaaS investor. This round was timed perfectly to address the challenges of meeting overload in the newly prevalent remote and hybrid work environments.

As of mid-2026, it has been over four and a half years since the Series A round. While this could be a red flag for a typical venture-backed startup, a reported revenue of $9.4 million in late 2023 with a team of around 67 suggests the company may be operating efficiently and potentially nearing profitability. The lack of a Series B could signal a focus on sustainable growth over venture-fueled hyper-scaling, or it could reflect a more challenging fundraising environment. Given the experienced leadership and strong investor base, the former seems more likely.