December 14, 2021 – Ottawa, ON – Invest Ottawa is thrilled to announce the graduation of Fellow from the IO Accelerator program. The flagship Invest Ottawa program for entrepreneurs is designed to help founders grow and scale on their Venture Path.
“To witness what an experienced founding team like Aydin, Amin and Sam have done from idea stage to Series A, has been simply amazing – and the Fellow app won over our team along the way, as we continue to use it daily,” said Nick Quain, VP Venture at Invest Ottawa.
Quain acknowledges that the IO Accelerator is better at supporting Ottawa founders today after having Fellow as one of the client companies, and suspects that the same will occur now that Fellow will be part of Invest Ottawa’s ScaleUp program.
“We have truly been so lucky to be able to support Fellow over the last several years, not only because they have been a pleasure to work with, but Aydin has been an amazing leader in our community in terms of supporting other founders and providing feedback to Invest Ottawa along the way to up our game.”
Fellow joined the IO Accelerator program in 2018 and has grown to be a leading meeting productivity platform that equips customers such as Shopify, Uber, Motorola, and SurveyMonkey to have effective meetings. Fellow provides teams the tools to ensure meetings are productive with collaborative meeting agendas, listed action items, and meeting templates. Since joining, Fellow grew from six full time employees (FTE’s) at launch to more than 50 FTEs in Q4 of 2021. Most recently, Fellow secured a $24 million USD Series A funding, which is an addition to the $6.5 million USD in seed funding that they raised in 2019.
“Unproductive meetings don’t just waste the precious resource of time — they ultimately cost businesses billions of dollars per year. Fellow solves this problem by helping leaders manage their meetings and teams more efficiently. As a purpose-built tool for meetings, Fellow supports every type of meeting out there — from one-on-ones to project kickoff meetings and stand-ups. It’s rare that there is a problem large enough, important enough and impactful enough like this that remains unsolved.” said Aydin Mirzaee, CEO and co-founder at Fellow. “We really appreciate all of what Invest Ottawa did for us in the last stage and are very excited about what’s to come!”
In the fall, Invest Ottawa announced the results of its spring 2021 eNPS service which identified Fellow as one of the top three employers with 20+ employees and $2+ million in revenue or capital, based on the experiences of employees.
About the IO Accelerator
The IO Accelerator is designed to rapidly and systematically accelerate the development and commercial success of high growth technology startups. In a phased and milestone-based approach, founders push themselves over 12 to 18 months to create a scalable and globally competitive technology company. Companies receive a minimum of 10 hours of advisory services per month from experts in a variety of management fields, guidance and introductions to investors, curated market research, as well as access to the IO Accelerator co-working space and startup community.
About the Scale-Up Program
Designed for high-potential product-based technology firms, the Scale-Up Platform provides advisory services, networks and programming to help overcome three key challenges to rapid growth and market success – customers, revenue and talent. The platform is jointly delivered by Invest Ottawa, Communitech, and MaRs Discovery District to help scale-up firms rapidly scale revenues or teams and increase their potential of becoming $100 million companies.
Fellow Insights Inc. (Fellow) is a meeting management software company focused on creating productive meetings and fostering collaboration between managers and team members. Our goal is to build a community of managers and leaders that want to continue to get better at their craft of leading teams and to supply them with software and resources to further their pursuit. Many industry leaders are making their meetings delightful with Fellow, including Shopify, GoCardless, Hubspot, Lemonade and Warby Parker. Learn more at https://fellow.app/