Premoney 50: Basis & Sabai

Welcome to Premoney 50! This week, I co-curated Premoney companies with my sister, Annie Schonberger (founder of BopBopArt). We’ve been excited about working together on sourcing more health, sustainability & environmentally focused opportunities which benefit the world in multiple ways. You’ll see more of these types of deals come through in the coming months - and if you come across any, send’em our way!

This weeks companies:

Company: Sabai Design

Founder: Phantila Phataraprasit

Raise Details: $2M seed round, $600K has been committed, including from the NYU Innovation Venture Fund and Allen Gannett.

• Raise to go towards building out our team, product development/launches, and community building initiatives - taking us to achieving $70M in annual revenue in 2024.  

Vertical: Consumer

Business Model: DTC, B2B and wholesale channels.

1-Liner: Sustainable furniture for the modern conscious consumer that can be repaired, revamped, and resold. 

Description: Sabai is the next-generation sustainable home brand making conscious living accessible. We're reimagining the industry and creating a model for repairing, revamping and reselling - capturing the fast-growing demand among Millennials and Gen Zs for affordable, flexible, and sustainable furniture. Our approach to sustainability is comprehensive - from materials, manufacturing, to end-of-lifecycle solutions - and has built a loyal and animated community.

Traction Indicators 🤯🤯🤯: 

• Sales: (launched July 2019) 

  • Total Revenue: $5.3M 

  • 2020: $1.3M 

  • 2021: $3.05M 

  • 2022 YTD: 870K (~2x 2021 YTD) 

• Customer LTV: $1,372 

• Lead times: 

  • 2021 Avg: 4.5 weeks

  • 2022 Current: 3 weeks 

• 6 Mo Avg Return Rate: $1.3% 

Company: Basis

Founder: George Georgallides

Raise Details: $1M pre-seed SAFE (25% collected)

Vertical: Wellness

Business Model: Subscription

1-Liner: Basis is a smartphone app that applies AI to your wearable & calendar data to build your optimal day.

Description: 1 in 4 Americans rely on a wearable to keep track of what’s going on in their body but don’t have the time or training to turn those readiness scores and HRV numbers into the right daily decisions.

That’s where Basis comes in.

• Using wearable data and behavioral patterns, we build a personalized model of your energy & hunger rhythm, fitness level, recovery metrics & much more.

• With that data, Basis then provides clear actionable daily guidance based on your goals and schedule — whether it's finding the optimal time in your day for a workout, helping you optimize your energy levels throughout the day or guiding you on how to improve rest & recovery.

• Smart notifications, calendar events & personalized impact insights to keep you accountable.

We’re productizing health planning based on digital biomarker research done by our team and advisors at Stanford, Harvard, Duke and MIT.

Within a decade, user generated health data will become the primary driver of health decisions. Our big vision is to make this data useful and accessibly to everyone by building the best-in-class solution for personalized biofeedback.

Traction Indicators: 

• 30K beta revenue (since October)

• 5k pre-launch waitlist

• 630 MAUs (47% m/m)

That’s all for this week!

Jake