Premoney 20: Pawsh & Blackmarker

Welcome everyone! I want to say a quick hello to the couple hundred new subscribers since last week. Alot of you might’ve seen our ProductHunt launch on Friday, where we doubled-down on our commitment to helping early stage founders connect with investors and advisors.

Thank you everyone who contributed to the PH success (we landed at #3!) and joined as a result. If you know others that would love this content, please share!

A partner shout-out:

For our Canadian readers: A fellow newsletter writer & friend runs The Peak, a daily newsletter that keeps you informed on the latest Canadian and global business and tech news. They write an entertaining and informative email that only takes 10 minutes to read – like Morning Brew or The Hustle, but Canadian. It’s a must read for Canadian business leaders sign-up today: https://www.readthepeak.com/

A call for submissions:

If you’re a founder looking to increase the number of investor & advisor conversations you’re having….or you know someone who fits the bill - send them to www.premoney.xyz to submit their company & we’ll get them listed.

A quick note for new readers: For those who just joined the Premoney list, each week we feature 2 companies who are early-stage, high growth & are looking for investors or advisors. We list those companies below. If you see something you’d like to get involved in, connect with the founder! Simple.

This weeks companies:

Company: Pawsh Inc

Founder: Karthik Naralasetty

Stage: Seed, raising $2M

Vertical(s): Pets

Business Model: Marketplace

1-liner: We help pet groomers run their own personal and hyper-local pet grooming businesses.

Description: I am a pet parent/product designer and use grooming services every 4-6 weeks for my 3 years old Maltese. My dog hates going to the pet salon as it's super stressful for him. Pawsh stemmed out of solving that issue for myself and my dog, and it turns out a lot of pet parents have a similar issue. Through a 6-week pilot, we proved product-market fit & launched Pawsh.

Traction:

• 500+ pets on the platform.

• 1000+ appointments over the past 12 months

• $120,000 in total booked rev.

• Very high stickiness, low churn business

Question for the founder…“Pizza or Pasta?” Pizza - Because I make my own Indian pizza on my big green egg almost every weekend!

Company: Blackmarker

Founder: Victor Diloreto

Stage: Pre-seed, raising $1.5M

Vertical(s): Artificial Intelligence, SaaS, Productivity

Business Model: SaaS

1-liner: Blackmarker is an AI/ML powered, cloud-native privacy management solution.

Description: We are coming out of stealth mode after finding market fit with several law firms. Our existing models target PII (Personally Identifiable Information) in these documents and redact them automatically. Clients have seen a tremendous savings in operational expense (50-70%) and gains in accuracy (50%) with low client ramp to 80% gross margins. Blackmarker was bootstrapped by Elder Research Inc, a 25 year data science consulting firm.

Traction:

• Tracking 250K ARR prior to pandemic.

• Signed up two legal case management platforms (exposure to 200+ firms)

• Long pipeline of new firms to onboard through in Q1 2021.Connect with Blackmarker

That’s all for this week! Thanks everyone,

Jake