Loading organizations...
Relief develops a mobile application that leverages artificial intelligence and collective bargaining to assist individuals in managing and reducing various forms of consumer debt. The platform automates the intricate process of negotiating with creditors, aiming to secure lower outstanding balances, reduced monthly payments, and decreased annual percentage rates, while also providing legal support to protect users.
Founded in 2020 by Jason Saltzman, Ram Berrouet, and Bryan Okeke, Relief originated from Saltzman's entrepreneurial passion for addressing societal financial challenges. The co-founders recognized a significant unmet need for an accessible and efficient solution that could empower individuals to navigate the complexities of debt resolution against large financial institutions.
The application serves a wide demographic of consumers grappling with credit card, personal, and medical debts, offering a streamlined path toward financial stability. Relief’s overarching vision is to democratize debt relief, enabling widespread financial freedom by transforming the often-overwhelming process of debt management into a transparent and manageable journey for its users.
Relief has raised $17.0M across 2 funding rounds.
Relief has raised $17.0M in total across 2 funding rounds.
Relief has raised $17.0M in total across 2 funding rounds.
Relief's investors include Freddie Martignetti, General Catalyst, Khosla Ventures, Mischief Venture Capital, Otherwise Fund, Quiet Capital, SciFi VC, Thirty Five Ventures, Eric Wu, Karim Atiyeh, Tony Xu, Venus Williams.
Relief is an ambiguous name that maps to multiple small technology companies; the most consistent public records describe a wellness hardware firm called Relief Technologies (wearable far‑infrared heating products) and a separate local IT services company also named Relief Technologies, Inc. (Jackson Hole, WY). Below I provide a concise, sourced profile framed for a portfolio company (product company) while noting alternative identities where relevant.
High‑Level Overview
For a portfolio‑company framing (wellness hardware):- What product it builds: Wearable far‑infrared heating devices and topical/far‑infrared pain‑relief products[1].- Who it serves: Consumers seeking drug‑free pain management, muscle recovery and inflammation reduction[1].- What problem it solves: Non‑pharmacologic pain relief and accelerated recovery through wearable heat/infrared therapy[1].- Growth momentum: Public sources show patent activity (multiple filings) and at least one convertible‑note stage of financing with investors listed (for example, Social Starts appears as an investor in database entries)[1]; however, there is limited public reporting of revenue, large commercial partnerships, or recent high‑visibility milestones in the sources reviewed[1].
Origin Story
Core Differentiators
Role in the Broader Tech Landscape
Quick Take & Future Outlook
If you want, I can:
Relief has raised $17.0M across 2 funding rounds. Most recently, it raised $15.0M Series A in February 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 1, 2022 | $15.0M Series A | Freddie Martignetti | General Catalyst, Khosla Ventures, Mischief Venture Capital, Otherwise Fund, Quiet Capital, SciFi VC, Thirty Five Ventures, Eric Wu, Karim Atiyeh, Tony Xu, Venus Williams, Ken Chenault, Vikram Pandit, Animal Capital, Brand Foundry Ventures, Interplay Ventures, Necessary Ventures, The Kraft Group |
| Jul 28, 2021 | $2.0M Other Equity | Baruch Future Ventures, Collaborative Fund, Necessary Ventures, The Fund | Ben Kaplan, David Galanter, Justin Kan |