Circles, a NYC-based platform for online group emotional support, raised $16.5 million in Series A funding.
The round was led by Zeev Ventures, with participation from Lior Ron, Head of Uber Freight, along with existing investors NFX, Flint Capital, and Sir Ronald Cohen.
The company intends to use the funds for growth through scaled R&D efforts to improve group matching algorithms and expansion of its offerings.
Founded by Irad Eichler and Dan Landa in 2020, Circles is a subscription-based platform where people experiencing similar life challenges such as divorce, grief, infertility, etc. are matched into cohorts and meet weekly via group video chat to give and receive emotional support, guided by trained and vetted mental health professionals.
Circles supports thousands of members across the U.S. with hundreds of groups.