$1.0M Pre-Seed SAFE. $9M post-money valuation cap.
Standard post-money SAFE with no discount, no maturity date, and MFN provision. Designed to fund 12 to 15 months of operations through practitioner network activation and subscriber validation.
Pre-Seed SAFE
Simple Agreement for Future Equity. The standard YC post-money SAFE, the most founder-friendly and investor-transparent instrument for early-stage financing.
Instrument
Post-Money SAFE
Raise
$1.0M
Valuation Cap
$9M post-money
Discount
None
Maturity
No maturity date
Provisions
MFN + Pro-rata
Cap Table at Conversion
Post-money SAFE means pre-seed investors own a known percentage at conversion. No ambiguity, no complex math. Founders retain 83% collectively.
Capital Allocation
Every dollar is mapped to a specific milestone. No discretionary buckets, no vague R&D line items. Capital flows to the four pillars that drive subscriber acquisition and retention.
Manufacturing & Inventory
Trial activation kits for 400 practitioners, ring pilot batch (1,000 units), initial fulfillment infrastructure, and NanoActives inventory.
Product & Engineering
Platform development, Mere App build, NORA AI infrastructure, data pipelines, and subscriber management system.
Marketing & Content
Video production library, practitioner enablement materials, protocol education content, and brand development.
Working Capital & Operations
Founder salaries (2 x $80K starting Q2 2026), general and administrative, legal, accounting, and runway buffer.
Seed Positioning
This pre-seed round is designed to position Mere for a Seed raise within 15 months. The triggers are specific, measurable, and tied to validated business metrics, not vanity numbers.
400+ Practitioners
Activated and generating trial referrals across the VUIM alumni network.
$410K+ MRR
Normalized monthly recurring revenue from 5,316 active subscribers.
Retention Proven
Validated 5% monthly churn or better across production cohorts.
Unit Economics Validated
Contribution margin of $21.65 to $23.35 per subscriber month confirmed with real data.