INVESTORS · USE OF FUNDS
A Pre-Seed sized to ship LP Account v1 and seat the Trust.
Round target: $3.5M. Horizon: 24–36 months, through to the Q4 2027 Seed close. Output: LP Account v0 → v1, an anchor-state pilot live, a seated Trust Advisory Board, and the milestones that unlock a Seed.
$3.5M
Pre-Seed target
Base allocation; $3.0M Low to $4.0M Stretch. Priced round, PBC common stock with a Mission Trust equity stake.
24–36MO
Runway
From close, through to the Q4 2027 Seed close. Stretch to 30–42 months under elongated-stress scenarios.
5
Priority states
Massachusetts, New York, New Mexico, Pennsylvania, Michigan — one anchor-state pilot live, one signed LOI.
3
Initial TAB seats
Trust Advisory Board seated by month 6 post-close. Charter range: 3–5 members.
Allocation
Low is what we deploy if the round closes at $3.0M; Base is the $3.5M target; Stretch is $4.0M. The structural shape holds across the range — what changes is the milestones reached, not the proportions.
| Category | Low · $3.0M | Base · $3.5M | Stretch · $4.0M | Share |
|---|---|---|---|---|
| Team (founder + 4–6 hires) | $1,500K | $1,700K | $1,800K | 49% |
| Product (LP Account v0 → v1) | $600K | $750K | $850K | 21% |
| Go-to-market (state pilots + Local Partners) | $400K | $450K | $500K | 13% |
| Governance & Mission Trust standup | $150K | $200K | $250K | 6% |
| Infrastructure, security & compliance | $250K | $300K | $350K | 9% |
| Operating reserve | $100K | $100K | $250K | 3% |
| Total | $3,000K | $3,500K | $4,000K | 100% |
Figures are Base-case unless a range is shown. Totals may differ slightly from the sum of rounded line items.
What each line funds
- Team. Founder plus four-to-six hires — Mission & Governance Lead, GTM Lead (State / HRSN), Engineering Lead, Product Lead, and GTM Lead (Local Partner Channel) — plus fractional design, marketing, CFO, and General Counsel roles. The largest allocation, by design: hiring is the highest-leverage Pre-Seed spend.
- Product. The LP Account v0 → v1 build: continuous-contribution ledger, eligibility-surfacing engine, consent spine and audit log, the multi-jurisdiction portability layer, and the mobile app foundation.
- Go-to-market. State-pilot procurement travel across the five priority states, Local Partner pilot LOIs, procurement-deck customization, and benefits-policy conferences.
- Governance & Mission Trust standup. Trust Advisory Board compensation, Mission Trust formation (Delaware trust counsel and corporate trustee), the Trust Steward and Enforcer roles, and ongoing corporate counsel.
- Infrastructure, security & compliance. Cloud infrastructure, SOC 2 Type II audit, HITRUST e1 attestation, FedRAMP authorization advisory, security tooling, and an annual penetration test.
- Operating reserve. Runway-extension contingency and bridge needs between the Pre-Seed and Seed closes. Rises to $250K at the Stretch allocation.
What this round does not do
- It does not build Oasis. Oasis is the Series A → Series B story (Phase 3, 2028–2030).
- It does not buy traditional growth marketing. Member acquisition is partner-mediated; we are not paying for installs.
- It does not buy a sales team. The procurement-side conversations are founder-led through Series A.
- It does not gold-plate the governance. The Charter, Trust, and TAB are built for legibility, not for theater.
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