What is Pace Groups?
Pace Groups operates as a modern support network, facilitating weekly 90-minute meetings for small groups led by licensed mental health professionals. Distinct from therapy, Pace is designed for individuals who are generally thriving but facing specific challenges or feeling stagnant in areas such as career, relationships, or family, and who may not require formal therapy. Founded in 2020 by a team of tech executives from Affirm and Pinterest, alongside clinical psychologists from the National Center for PTSD and Stanford, the company is headquartered in the Bay Area.
How much funding has Pace Groups raised?
Pace Groups has raised a total of $18M across 1 funding round:
Series A
$18M
Series A (2021): $18M with participation from Pace Capital Advisors, Sequoia Capital, and Boxgroup Ventures
Key Investors in Pace Groups
Pace Capital Advisors
Pace Capital Advisors specializes in Mergers and Acquisitions Advisory services for owners of privately held businesses with revenues ranging from $5 million to $50 million, primarily in the Southeast. Their clients typically include entrepreneurs and family business owners seeking guidance through the complexities of M&A transactions.
Sequoia Capital
Sequoia Capital in India currently manages funds capitalized at close to USD 1.4 billion and invests across venture, growth, and late stage opportunities. It takes a long-term view on investments and plays the role of an active, value-added partner to entrepreneurs, business families and management teams.
Boxgroup Ventures
BoxGroup is an early stage investment fund that focuses on technology companies across various sectors including climate, fintech, and software. The firm invests in solo founders and innovative ideas, supporting ventures that range from developer tools to marketplaces and frontier tech.
What's next for Pace Groups?
The substantial enterprise-level funding indicates Pace Groups is poised for significant scaling and market expansion. This strategic investment will likely fuel the enhancement of their platform, broader outreach to new user demographics, and potentially the development of new service offerings. The company's focus on a non-therapeutic support model positions it to capture a segment of the wellness market seeking structured guidance and community support.
See full Pace Groups company page
