Premoney 32: Muze & Bowlcut
Video-powered user surveys & a line of a healthier Asian sauces.
Welcome to week 32! If each week was a year, Premoney would officially be older than I am. Very excited about this weeks companies. Both are early on, hitting PMF and are looking for money to support their launch. Would love for you all to help support them!
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Company: Muze
Founder: Scott Hanford
Raise Details: $600k @ $8mm cap, 50% committed
Vertical: Research
Business Model: Freemium
1-Liner: Video-powered surveys for richer customer insights.
Description: 79% of product managers say they do not spend enough time talking with their users, primarily due to the cumbersome nature of conducting qualitative research (e.g. outreach, scheduling, conducting the sessions, insights synthesis). It's just too slow a process to be done regularly. With Muze, teams can send asynchronous video surveys and save time without sacrificing quality of feedback. Ask users about new features or pain points, and understand the “whys” behind their behavior in more depth. We know from years of research that respondents are more likely to respond to survey requests over scheduling time for a user interview. At the same time, the open-ended feedback is compartmentalized and easier to review, and individuals can more easily share video and audio feedback to get teams on the same page.
Traction Indicators:
Just launched our Alpha and are onboarding ~4-5 customers/week.
We will cap the Alpha once reaching a few dozen customers to serve as design partners.
Early customers include team members mostly from SaaS companies like Gusto, Superhuman, and Amplitude
Company: Bowl Cut
Founder: Crystal Ung, Adrian Ng, Will Kang, Jarret Stopforth
Raise Details: $500K pre-seed, $400K left and early commitments include: founders of the Boba Guys, founder of Brooklinen, founders of Opening Ceremony (advisors).
Vertical: DTC
Business Model: DTC & Wholesale
Traction Indicators: Pre-launch
1-Liner: Bowl Cut is the first line of better-for-you Asian sauces
Description: Dreamt up by kids of restaurant owners and entrepreneurs, Bowl Cut is on a mission to bridge cultures and generations by bringing authenticity to the masses.
That’s all for this week!
Jake