Exclusive opportunity to invest with PariPassu

We’re excited to announce a partnership with PariPassu Venture Partners, a members-only startup investing platform.

PariPassu empowers fellow founders and accredited tech enthusiasts to co-invest in leading startups alongside many of the top global venture capital firms such as Sequoia Capital, Upfront Ventures, and Sierra Ventures.

This partnership will soon only be available to CEO.com+ members, but today, we’re sharing an investment opportunity to join Ammortal, a deal we are very excited about in the wellness tech / biohacking space. 

PariPassu loves the team — serial entrepreneurs with exits under their belts and good humans. We’re bringing in great founders to invest through PariPassu and would love CEO.com folks involved if it resonates.

Why PariPassu Is Excited

The founder of Siri (bought by Apple) just joined as Chairman, which they will soon announce. We highly recommend the 35-minute Zoom recording of a Q&A with Siri co-founder Dag Kittlaus and CEO Brian Le Gette here.

Ammortal launched in June 2023 and is already north of $5M with 60% gross margins. It expects to hit north of $26M next year with $4M in EBITDA.

Customers include high-end hospitality groups like Yellowstone Club, professional sports teams like Denver Broncos, and HNW individuals (40% of sales).

The company’s main product, The Ammortal Chamber, is an advanced wellness technology that, within a 24-minute session, can promote cellular healing, reduce inflammation, and enhance overall vitality through a combination of red and near-infrared light therapy, pulsed electromagnetic fields (PEMF), molecular hydrogen (inhaled), vibroacoustic sound therapy with voice-guided breathwork, meditation, and intention-setting.

Given a close relationship with the founders, we’ve been granted an opportunity to invest in a SAFE round at a $50M post-money valuation cap with a 10% discount before Ammortal’s expected high-profile $15M Series A in the coming months.

Specifics

• The minimum check size is $10,000; the Max check is $1.5M.

• Fees: 2% annual mgmt fee (capped at 5 years) / 20% carry / one-time spv set up fee (<2%).

• Timing: Firm verbal commits by next week, given the interest they have in the sidelines.

You can find the broader memo with the deck, model, and all that good stuff here.

Email [email protected] if you’re interested to learn more.