Joyance Partners

Joyance Partners is a Bay Area-based seed fund founded by Howard Morgan and Mike Edelhart, with a distinctive thesis focused on companies that deliver quantifiable joy or positive emotional outcomes, including a meaningful slice of investments in mental health, behavioral health, well-being, longevity, and consumer health technology. The fund writes initial checks of roughly $250K to $1M at seed and pre-seed, typically as a co-investor with small lead capacity in the right deal, and has built a portfolio across hundreds of companies. Healthcare exposure is meaningful and concentrated in well-being, mental health, and longevity rather than acute clinical care or therapeutics. AI focus is welcome where it advances the joy thesis. Founders best suited are seed-stage CEOs in mental health, behavioral health, well-being, or longevity with a consumer or hybrid consumer-clinical model, who want an active and well-networked seed partner. Founders who do not fit include therapeutics, capital-intensive devices, traditional B2B healthcare software, and growth-stage rounds. Geographic preference is global with a US bias. The entry path is warm introduction through a portfolio CEO, a Bay Area or New York-area operator in well-being or mental health, or an angel co-investor. LinkedIn outreach to a partner with a focused well-being thesis articulation and traction summary is a reasonable secondary option given the high portfolio velocity. Expect a fast process and a partner that prizes founder energy and a clear well-being thesis alongside commercial fundamentals.