Mentor Update
June 2026

Wellbeing infrastructure for the startup ecosystem
Monthly digest

Keeping the monthly cadence. A lot has moved since we last spoke — here is the honest picture on where Pausa stands, what is coming, and where your network could make a real difference.

At a glance
1
Sprint pilot
live @ UFL
3
Casa do Impacto
founders confirmed
26
Portuguese VC
funds profiled

Pausa Sprint

First pilots live

Running the first pilot Sprint with an internal team at UFL — pro-bono, by design. The goal is to stress-test the format, collect real feedback, and build the case study that makes the next conversation easier.

We have also opened early conversations with founders at Casa do Impacto about bringing a Sprint to their teams — mission-driven, credible in the ecosystem, the kind of early adopters we would want. Worth saying plainly: ecosystem partners like this move slower than we would have hoped, and we are learning to build our timeline around that reality rather than against it.

The Sprint is a full-day session for 8–12 people. We assess across four dimensions — physical health, mental health, emotional health, and purpose and values — then co-design micro-habits anchored to actual performance outcomes. It is not a workshop. It is a wellbeing map of a leadership team, built together in one day.

Why pro-bono first? Every strong B2B program starts with one real proof point. The UFL pilot gives us a proper case study — facilitation quality, measurement rigour, participant experience — before we price it seriously with VC funds. This is the right sequence.

VC Outreach

26 funds mapped. Outreach underway.

We have profiled 26 Portuguese VC funds. 12 are Tier 1 — portfolio size, people focus, and founder community strong enough that a Pausa Sprint partnership is a real fit. Outreach has started. The pitch: one Sprint for their portfolio founders, scoped as a pilot, priced as an entry point.

The competitive landscape is thinner than expected. European VC wellbeing programs exist — Cherry Copilot, Balderton WellFounded — but they are all individual-only, UK-centric, and none operate in Portugal. The group-level gap is ours to fill.

Revenue target for the first 6 months: €50K–150K. Three to six paid pilots would get us there. We do not need many — we need the right three.

Where you can help

Three things that would move the needle right now

  • A warm intro to the People or Portfolio lead at any Portuguese VC fund — especially Shilling, Armilar, Indico, Lince, or Faber. We have the deck. We just need the door.
  • Any founder or executive team you know that is 8–12 people and dealing with performance, energy, or team cohesion as a real issue — that is a Sprint conversation.
  • Anyone in your network running a coaching practice, leadership development firm, or corporate wellbeing function — these are turning out to be some of our sharpest conversations, and a warm intro is worth a great deal more than a cold one.

A month of honest recalibration — and a surprising amount of new doors opening. Here is what changed, what we learned, and where things are heading.

At a glance
3
New ICP channels
being tested
3+
Partnership
conversations active
Sep
First offsite
in the pipeline

Strategy

What the SIM Conference taught us — and the pivot that followed

We attended SIM Conference in May expecting it to open VC fund conversations. It did not — and understanding why matters.

The insight, sharpened with help from Emre B. at UFL, is structural: early-stage VC funds in Portugal are still in institution-building mode. Their portfolio founders are pre-product-market-fit, resource-constrained, and not yet in a position to invest in team wellbeing programs. The timing is simply wrong.

The right client is a founder who has already closed at minimum a Series A — ideally B or beyond. Someone building at scale, where leadership health is genuinely a risk factor. That is a different conversation, and it is one we can now have with more precision.

One correction to last month's update, in the spirit of keeping this honest: Pausa Open, planned for July 2–3 at DOMA Portugal, is not going ahead. Eight sign-ups told us what we needed to know. We were over-enthusiastic about how quickly Unicorn Factory Lisbon, the 351 association, and Casa do Impacto could move as cooperation partners — all three turned out to be far slower to respond than the timeline needed. We are keeping the lesson and letting go of the event.

The reframe: We are not abandoning VC funds — we are moving upstream. EU funds rather than Portuguese-only, and portfolio companies at growth stage rather than early stage. The market is larger and the buyers are more ready.
Also worth your five minutes: we have redesigned pausa.pt after the SIM Conference. It now leads with corporate wellbeing and leadership-team performance — the direction we are putting our weight behind. Take a look at pausa.pt and tell us honestly what lands and what does not. Your read on whether the new framing is landing matters more than ours.

New channels

Four ICP directions we are now testing — in priority order

1 · Corporate / CSRD
EU regulation is opening a corporate door
The EU's Corporate Sustainability Reporting Directive (CSRD) is pushing large companies to report on employee wellbeing — which means procurement budgets are forming. This is now our top priority. We have built a corporate wellbeing offering and are exploring Pausa's positioning in Germany, the Netherlands, and the UK, which together account for roughly 60% of the European corporate wellbeing market. Portugal is infrastructure and differentiation. Europe is the market.
2 · EU VC funds & Series A+ founders
Funds investing from Series A onward — and the founders they have backed
Our second priority: European VC funds whose strategy centres on Series A and beyond, and — just as important — the founders inside those portfolios who have themselves recently closed a Round A, B, or C+. These are leadership teams operating at scale, where energy, focus, and cohesion are genuine performance and retention risks, not nice-to-haves. We are mapping funds in Germany, the Netherlands, and the UK with this profile, and reaching the founders directly through the same network.
3 · Coaching organisations
Partnerships with coaching companies
Coaching firms already have established relationships with leaders and executives. Adding a Pausa wellbeing block to their programs is a natural fit — it expands their offering without building from scratch, and gives us access to a warm, qualified client base. We are in early conversations with two coaching organisations.
4 · Insurance
Portuguese insurance companies
Insurance providers have a direct financial incentive to reduce claims through preventive health. Leader wellbeing programs that measurably reduce burnout, absenteeism, and stress-related conditions are a natural fit for their prevention portfolios. We are exploring what this channel looks like in Portugal — lowest priority for now, but worth keeping warm.

Partnerships in motion

Four conversations worth watching

September offsite
Barkyn — offsite for 20 Portuguese founders
Talks underway with André at Barkyn to host a September offsite for approximately 20 Portuguese founders, centred on the topic of founder wellbeing. André has been publicly vocal about mental and physical health in the founder context — he gets it, and that makes the conversation substantive rather than exploratory. This could be Pausa's first revenue-generating event for a direct client.
Community
Endeavour Portugal — building something with the Outliers network
In touch with Ricardo at Endeavour Portugal around the Portuguese Outliers network. The original idea was to co-host Pausa Open with them — that event is not happening now, but the relationship and the audience are real, so we are looking at other formats where Pausa and Endeavour's reach into high-growth Portuguese founders can meet. Early, but worth watching.
Autumn event
Jan Frodeno — a performance wellbeing event for top executives
Jan Frodeno is a three-time Ironman World Champion — arguably the most accomplished endurance athlete of his generation. We are in early talks to co-design and co-host a performance wellbeing event in autumn: maximum 12 participants, all top executives with Ironman experience. The concept is building a Pausa-Frodeno protocol that answers one question precisely: how do you perform at a high level across both disciplines — professional leadership and elite endurance — without burning out? This is a flagship product if we can make it happen.
Portfolio offsite
Semapa Next — annual gathering of portfolio founders
Talks with Semapa Next about organising a wellbeing offsite embedded in their annual autumn gathering, which brings portfolio founders together from across Europe. Strong alignment on mission and format. If this materialises, it gives Pausa access to a Pan-European founder cohort through a single relationship.

Ecosystem

The B Corp community as a potential ICP

We are looking at the B Lab community in Europe as a potential ICP channel. B Corp-certified companies operate with a built-in values orientation toward people and wellbeing — and their leadership teams are exactly the profile Pausa is designed for.

B Lab's European network spans the UK, Benelux, Germany, and the Nordics, which maps closely to the geographic focus we are developing for the corporate channel. This is early-stage exploration, but the values alignment is unusually strong.

Separately, we have begun a tentative partnership with a biomarker testing provider — building toward an integrated pre-assessment offering for Pausa Reset participants that pairs subjective wellbeing data with objective physiological markers. The goal is rigour: when a participant arrives at a Reset, we already have a full picture of where they are.

Where you can help

What would move the needle most in June

  • Introductions to EU VC funds — particularly in Germany, the Netherlands, or the UK — whose portfolio includes growth-stage companies (Series A and above). The conversation is now different and the fit is sharper.
  • Any B Corp-certified companies in your network whose leadership team is actively thinking about sustainable performance. That is a Pausa Sprint conversation.
  • People in your network who genuinely execute at a high level across more than one domain — someone who is serious in business and serious in endurance sport, for example. That is the profile behind the autumn event we are designing, and the more of that energy in the room, the better it gets.
  • Coaching organisations or leadership development firms looking for a wellbeing module to add to existing programs. We have the methodology and can be a strong white-label or co-branded partner.

June is where the B Corp wedge started paying off. The first two pro-bono assessment calls are confirmed, Happiness Camp is evolving into something larger and possibly moving to Porto, and the autumn performance offsite with Jan Frodeno is taking real shape. Here is the honest picture — and the two places your network could genuinely move things this month.

At a glance
2
B Corp assessment
calls confirmed
170
Wellbeing companies
at Lionesa hub
10
Ironman leaders
reached for offsite

Biggest opportunity

Happiness Camp — and a possible move to Porto

Talks with Happiness Camp — the biggest wellbeing conference in the world — are continuing, and the shape of the opportunity keeps getting larger. The most interesting development this month: a potential move to Porto, hosted at the Lionesa Business Hub, where roughly 170 wellbeing-focused companies are already based. That concentration of aligned organisations in one location is exactly the environment where the Workplace Wellbeing Assessment can prove itself at scale — a captive audience of exactly the companies we are built for.


Traction

Pausa for Companies — first real traction

The first traction on Pausa for Companies has arrived. The go-to-market motion is deliberately narrow: offer the pro-bono Workplace Wellbeing Assessment — our proprietary scoring system built on validated frameworks — exclusively to B Corps in Portugal. Two calls are already confirmed.

And it may not stop at one company at a time. We are in talks with B Lab HQ about running the assessment across their wider ecosystem. If that lands, the channel stops being a company-by-company effort and becomes the network itself — the fastest possible route to credibility with exactly the profile Pausa is designed for.


Product

The Workplace Wellbeing Score — named, built, and ready

What was once an internal methodology is now a deployable product: the Workplace Wellbeing Score (WWS). Forty-three questions across eight short sections, built on five validated frameworks covering demands, control, support, relations, role, change, and energy. Anonymous individual assessment at the employee level. An aggregate company score on a 0–100 scale, with named bands from critical to thriving.

Two outputs matter most: a Fair Work evidence pack for B Lab auditors, showing measurement trajectory rather than a single snapshot; and an ESRS S1 workforce data set for companies inside CSRD scope. One methodology answers both regulatory requirements — not two products, not two frameworks, but one rigorous measurement system that satisfies the B Corp auditor and the CSRD reporter simultaneously.

The full SaaS version, Pausa for Companies, is production-ready: a dashboard where HR managers invite employees to complete the anonymous assessment, track scores across measurement rounds, and generate reports. Anonymity is enforced at the database level — no employer can access individual responses, only aggregate data from teams of five or more. Available to pilot now.


Partnerships in motion

Four conversations worth watching

Biggest opportunity
Happiness Camp — talks continuing on a possible Porto edition
Talks with Happiness Camp — the biggest wellbeing conference in the world — are live and moving, centred on deploying the Workplace Wellbeing Assessment across the event and a potential move to the Lionesa Business Hub in Porto, home to roughly 170 wellbeing-focused companies. It remains the largest single opportunity in the pipeline; the near-term question is timing and format rather than appetite.
Call next week
Semapa Next — full-programme call, at beta rate
Next week we have a call with Portuguese VC fund Semapa Next about bringing the full Pausa programme — at a beta rate — to their European portfolio founders. This moves the relationship from discovery into a concrete commercial conversation about the entire portfolio rather than a single event. If it lands, it gives Pausa access to a Pan-European founder cohort through one relationship, on terms designed to get us in the door and prove the model.
Autumn offsite
Jan Frodeno + ten Ironman leaders — the autumn performance offsite
We have reached out to a top-10 group of C-suite executives and founders who are also Ironman finishers, with the idea of co-hosting a leadership offsite this autumn — alongside Jan Frodeno, effectively the "Cristiano Ronaldo" of the Ironman world. The concept is a Pausa-Frodeno protocol answering one question precisely: how do you perform at a high level across both professional leadership and elite endurance without burning out? This is a flagship product if we can make it happen — and the calibre of the room is what makes it work.
Impact ecosystem
Casa do Impacto — decision expected imminently
Manuel Gaspar and Ana Mendonça at Casa do Impacto joined us for a call on June 24. They arrived with learnings from their internal TARGET programme and a genuine openness to how a Pausa twelve-month wellbeing system could serve the founders they support. A mid-July decision is expected imminently. If Casa do Impacto steps in as host or co-funder, it becomes the anchor for our first cohort of concurrent paid engagements — the difference between one proof point and a running programme.

Content

Building an audience around ESRS S1-4

We are creating a series of YouTube videos on the new EU directive ESRS S1-4 — the standards that set workforce reporting requirements for EU-based companies. The aim is to build authority and inbound interest with exactly the audience the Workplace Wellbeing Assessment serves: HR and People leaders, COOs, and CEOs who now have a dated, concrete reporting obligation and no obvious way to meet it. Educating that audience openly is both good positioning and, frankly, a genuinely useful thing to put into the world.


A note on what one right relationship looks like

Marco Moutinho — the introduction that keeps opening doors

It is worth returning to Marco Moutinho at Jeronimo Martins, because his impact keeps compounding. He co-designed the Happiness Camp proposal, made the introduction that put Pausa in front of Lionesa, surfaced new corporate client leads, and gave us a clear ICP read from inside corporate Portugal: post-burnout leaders are more receptive than those trying to prevent burnout. The sweet spot is someone who has already experienced depletion, not someone optimising proactively.

Said plainly: Marco has been more useful to Pausa in a few months than most commercial conversations we have had in a year. Not because he was the most senior person we spoke to, but because he understood the problem from the inside and was willing to think alongside us — not just open doors, but help us decide which doors were worth walking through. It is the clearest illustration of what one right relationship is worth, and the reason the asks below matter as much as they do.

Where you can help

A few tiny asks that would genuinely move things

  • A retired endurance-sport star. If you know any retired star from endurance sport who is open and vocal about both physical and mental health and performance, please point them our way. That is exactly the profile behind the autumn offsite we are designing with Jan Frodeno, and the right name would change the shape of the whole event.
  • An intro to HR / People, COO, or CEO at a 50+ employee company. If you know anyone in those roles at a company with 50 or more employees, please introduce me — we are open to running a pro-bono Workplace Wellbeing Assessment for them. It is not only the human thing to do; it produces real company performance metrics, and with ESRS S1-4 it is increasingly a regulatory requirement too.
  • A European VC fund our programme would suit. If you know a VC fund — ideally with a growth-stage portfolio at Series A and above — whose founders would benefit from Pausa's full wellbeing programme, a warm intro to the People or Portfolio lead is worth more than fifty cold emails.
  • And if it is easy: an introduction to any B Corp in Portugal thinking about recertification would land at exactly the right moment — they receive a pro-bono Workplace Wellbeing Assessment and an evidence pack ready for their B Lab auditor.