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Erevna — Pre-Seed
In Conversation Fund: StoryHouse Fund II  ·  Round Size: $2M
Dossier generated 2026-06-22 by /deal-dossier  ·  Deal record: recM65Br8FeqBBgOW  ·  Source: Airtable appjxAR3LPe3fkHOp

One-Liner & Thesis

Erevna is building an AI-native clinical trial management platform that lets community physicians run single-patient trial sites, attacking the bottleneck that keeps 97% of physicians and ~93% of eligible cancer patients out of research. The wedge is operational: by removing onboarding, compliance, budget negotiation, and patient-recruitment friction, Erevna makes it economic for a doctor to enroll even one patient — and that unlocks the long tail of community sites pharma sponsors increasingly need for label-expansion and rare-disease trials.

Validation is early but accelerating: meetings with 7 of the top 10 pharma companies, a signed CDA with a top-5 sponsor, two identified pilot trials (COPD and large-cell lung cancer), and a paid commercial wedge launched in Feb 2026 — an AI patient-referral-triage product live with a GI clinic at ~$6K ARR that cut time-to-triage 80%. Founders Daniel Fallon-Cyr (repeat founder, ex-Tilda PM) and Carl Schubert (ex-VTS engineering lead) have stopped taking salaries to extend runway. The deal has been on StoryHouse’s tracking list since Oct 2024; the team is currently raising a $1M pre-seed against a pivoted GTM and looking for SH feedback before re-engaging on terms.

Deal Box

Funding Round
Pre-Seed
Round Size
$2M (current ask $1M)
Fund
StoryHouse Fund II
Status
In Conversation

Company Snapshot

Location
Bay Area, California
Year Founded
2024
Total Raised
$700,000
Status
Private

Founders

Daniel Fallon-Cyr
Co-Founder & CEO
Repeat founder; previously founded Klasma Labs after Claremont McKenna. Product manager at Intuit and VTS, then at Tilda (8VC-backed) where he ran customer research in the clinical trial space and identified the wedge that became Erevna. Carl and Daniel met at VTS six years ago.
Carl Schubert
Co-Founder & CTO
Oberlin grad with an ML and genetics background; founding-engineer track across multiple startups. Most recently led a ~30-person backend engineering team at VTS. Technical co-founder on Erevna’s AI pipeline and payments infrastructure.

Open Questions & Risks

Next Steps

Latest Meeting Notes

2026-06-19 Email update GTM pivot: free to clinics, monetize pharma

Daniel emailed with a refined GTM after weeks of investor conversations: stop selling software directly to physicians; instead, give the platform to community clinics for free and use referral records as the entry point for clinical-trial patient identification, with pharma and medical-device companies as the economic buyer.

Source: Meeting Notes rec1JuGKmbZyqDt9j
2026-02-26 Email update Launched paid referral-triage product with GI clinic

Mid-cycle update from Daniel: while big-pharma sales cycles drag (under CDA with two top-10 sponsors), the team built a community-clinic wedge by repurposing the CT platform tech into an AI patient-referral-triage product.

Source: Meeting Notes reczwNE1rcSHR8ImB
2025-11-14 Call Strong pharma signal; raising into seed

Update call covering progress since the $700K close, an expanded team and advisor bench, and the company’s shift toward Phase 3 label-expansion trials with big pharma in-house programs.

Source: Meeting Notes recwdsdCIGmPJLQWx

Deal Timeline