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- Premoney 71: Recharged & Zette
Premoney 71: Recharged & Zette
Simplifying EV ownership & one subscription for all content.
Jake Schonberger
February 22, 2024
In partnership with
Happy post-NVDIA earnings day…let’s keep pumping.
To all of the new readers of Premoney:
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!
What to expect: In each Premoney newsletter you’ll learn about two companies that are currently raising.
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 (how apropos):
Investor-ready Startup Financials
Last year, we helped companies raise $300M in venture capital. Next week, we are running a 1-week LIVE workshop that covers:
Financial modeling basics
How to forecast startup growth
Budgeting rounds of funding
Sponsored by
This weeks companies:
Company: Zette
Founder: Yehong Zhu
Raise Details: Raising $1m crowdfunding round at a $22 million valuation.
$1.7 million oversubscribed pre-seed raised from Afore, Halogen, The Community Fund, Hyphen & MGV
Vertical: Artificial Intelligence, Marketplace, SaaS, Digital Media, Consumer
Business Model: B2B, SaaS, Subscription
1-Liner: Out of free articles? Drop paywalls with one click.
Description:
Zette AI lets you legally bypass articles behind the paywall with a single subscription, all while using AI-powered recommendations to send the coolest content your way.
Built by a team of former journalists and engineers out of Harvard and MIT, Zette’s goal is to enable readers to access more content across the internet, regardless of what subscriptions they already have. More access to a wider array of content will enable people to build a broader understadning of the topics they’re interested in, all while saving money.
Traction Indicators:
50,000+ registered readers
5x year-over-year growth rate
110 top publisher deals secured, including Forbes and the Miami Herald
Featured in Forbes, TechCrunch, and Fast Company’s “World Changing Ideas” Honoree
1st place winner, Harvard Alumni Entrepreneurs Accelerator Demo Day
Company: Recharged
Founder: Alan Shtraks | John Foley
Raise Details: Seed round. Notable automotive angel investors are investors in the company. Connect with the team for more details.
Vertical: Green energy, Marketplace
Business Model: Marketpalce
1-Liner: End-to-end used electric vehicle marketplace on a mission to simplify EV ownership.
Description: Recharged is on a mission to simplify electric vehicle ownership. Through it's data-driven used EV managed marketplace, Recharged provides a fundamentally differentiated experience for EV buyers and sellers. Recharged enables everything from the sale of an EV, to financing, insurance, battery warranties, as well as charging into one seamless experience. Along the way, Recharged builds confident buyers and accelerates EV adoption through data-driven education and it's AI-enabled Recharged Score Report.
Traction Indicators: Since launching in July
~$6.5M GMV (in less than 1 year)
~$500K Gross Profit
Launched with two of the largest mid-Atlantic dealer groups this month.
That’s all for this week!
As always - thank you everyone, and please share, send feedback and introductions, or reach out to collaborate.
Jake