Premoney 26: Viewst & Wave Systems
Using technology to 1) design better ads and 2) make pools safer. 📊 🏊🏽♀️
Welcome to week 26! Last week, Isthmus was featured as one of our Premoney companies. I met with one of the founders, Carley Lake, yesterday. She told me that “The entirety of Minnesota has looked at our pitch deck,” along with a couple other conversations, as a result of their Premoney listing. GREAT to hear results & indicators like that.
If you know other folks that are interested in working with early-stage founders, or are founders themselves and are looking for more support, share Premoney with them!
This weeks’ Premoney companies
Company: Viewst Inc
Founder: Victoria Duben
Founder facts: Before entrepreneurship, Victoria earned a master's in physics, used to be a pro tennis player, amongst other achievements.
Verticals: Ad Tech
Business Model: SaaS
Stage: Seed, planning a raise for Spring 2021.
1-liner: Viewst - design tool for all things ads
Description: Viewst enables users with little to no design experience to create professionally designed ads of any kind in minutes. Viewst helps professional teams to automate ads production process and scale it.
Traction Indicators (as of mid-Jan):
Launched in April 2020
#5 on PH
310 WAU,
$1k MRR
Company: Wave Drowning Detection Systems
Founder: David Cutler
Founder Facts: David is a seasoned entrepreneur, designer & multi-time founder in the swim safety space. He’s the inventor of iSwimband® and has been featured on ABC’s Good Morning America, CBS’ This Morning Show, NPR, TODAY Show (product feature), and others.
Verticals: Sports, Swimtech, Safety
Business Model: Subscription
Stage: Closing a pre-seed $760k. Preparing for $2-3M Seed Round to fuel growth.
1-liner: Reliable, user-friendly, and affordable drowning detection systems for the commercial and residential markets.
Description: Drowning remains a leading cause of accidental death with 88% occurring with supervision present, and 25% with lifeguards present.
Our WAVE systems are highly reliable, portable, and available at affordable price points. They require no installation, are simple to use, and work across all aquatic environments (pools, lakes, oceans, etc.).
There are 300k commercial pools and 12M residential pools in the US alone (addressable market value: $3B) and we're working with international resellers in UK, AU, Dubai and China, all of which reached out to us.
Our first customers love WAVE, and we have a dedicated team of seasoned entrepreneurs, engineers, and aquatic safety experts.
Traction:
Proven tech tested with 1000s of swimmers at 100s of pools
Four systems deployed
First customer (enterprise: city school system) purchased a second system
Working with Naples, FL to deploy WAVE at their city pools
Relationships forged with resellers in UK, AU, Dubai, and China
Two Olympic medal swimmers on boar
Relationships with leading water safety advocates and organization
Quick one this week! Hope you enjoy, and keep the feedback coming!
See you next week,
Jake