Fellow, Backed by Peter Fenton, Raises $30M Series B After Founder's 73 Investor Rejections

Fellow, a premium coffee and kitchenware brand, has raised $30 million in a Series B funding round led by venture capitalist Peter Fenton. The company, founded by Jake Miller, overcame 73 rejections from angel investors and small funds before securing institutional capital. The San Francisco-based retailer now sells products like coffee makers and grinders at Target, Costco, and Nordstrom. Miller, a Stanford MBA alumnus, initially funded the company via a Kickstarter campaign. The latest investment will support the company's growth, which employs over 100 people.