Premoney 69: Century Health & ManagingLife

Happy New Year everyone! It’s been a minute since my last post (actually 87K minutes, if you’re being specific), but am very excited to be back in the saddle.

Announcement: We sold Swapstack to beehiiv 

For all of you who have been wondering where the f I’ve been, I’m very excited to share (albeit a bit late) that Jake Singer and I successful sold Swapstack to beehiiv in October. Myself and half of the Swapstack team are now growing the beehiiv Ad Network, taking all of our learnings from Swapstack and applying them at a larger scale. beehiiv is already doing $1M/mo in revenue (largely SaaS driven), and our goal is to leverage the ad network to 10X that number within the year.

You can read more about the acquisition here, and I’d love to chat with anyone about the experience.

For that reason…I took some time off the newsletter to get some R&R before starting up at beehiiv, and to get myself settled in. Now, back to work 🙂 

To all of the new readers of Premoney:

1. Welcome! If you haven’t already, please reply to this email introducing yourself, why you signed up, and what type of investing & scouting you’re interested in. Excited to meet you!

2. What to expect: In each Premoney newsletter you’ll learn about two companies that are currently raising.

3. Meet the founders: If you’re intrigued by the companies featured, hit the “Connect with…” button and we’ll introduce you directly to the founders.

If you’re a founder, currently raising, and want to apply to be on Premoney, submit an application here.

Todays Sponsor:

One of the perks of running the beehiiv Ad Network is that I get to dogfood my own product, and make money doing it. Check out todays sponsor if you’re interested, or provide feedback on the ad👇🏻

This weeks companies:

Company: ManagingLife Inc.

Founder: Tahir Janmohamed

Raise Details:

• Raising $1.25M led by TELUS 

• $800k committed

Vertical: Healthcare

Business Model: B2B

1-Liner: We improve the lives of people living with chronic pain through our clinically-validated digital solution..

Description: Chronic pain affects 1 in 5 and costs more than any other chronic disease. Our digital solution empowers people living with chronic pain to self-manage their condition and access the treatment they need. Our solution is the most downloaded, top-ranked and only clinically-validated digital solution for chronic pain. We licence our solution through a SaaS-based model to insurers and health systems as a way of shortening disability durations and reducing healthcare costs.

Traction Indicators:

• Signed our first disability carrier in December which also happens to be the largest in the US.

• 85K activated users

• 3.5M pain episodes tracked (world's largest dataset)

• 62% 30-day retention rate (published in peer-reviewed study)

• 7.5 month reduction in disability claim durations (RBC Insurance case study)

Company: Century Health

Founders: Vish Srivastava, Sanjay Hariharan

Raise Details: Raising $1m pre-seed round.

• 20% committed including:

  • Christine Lemke (Co-Founder & CEO of Evidation Health)

  • Travis May (Founder & CEO of Datavant)

Vertical: Healthcare

Business Model: B2B

1-Liner: Accelerating drug development and commercialization by applying AI to real-world clinical data

Description: Century Health accelerates drug development and commercialization by applying AI to patient registries. Life sciences companies spend $16B on real-world evidence but often lack access to clinically meaningful data. Thousands of patient registries run by researchers collect longitudinal data for diseases like NASH and Alzheimer's, but don’t have resources to normalize data, connect datasets, and generate insights for life sciences. We are building a platform that applies ML and GenAI to solve this problem at scale.

Traction Indicators:

Since kicking off in November:

• Design partner contract with UCSD and Rady Children's

• LOI with a large autoimmune patient registry

• Interest in paid pilots from 4 pharma companies:

  • Amarin

  • GSK

  • Takeda

  • Sanofi

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That’s all for this week!

As always - thank you everyone, and please share, send feedback and introductions, or reach out to collaborate.

Jake