About Lantern
Lantern is a company based in New York (United States) founded in 2018 by Alyssa Ruderman and Liz Eddy was acquired by Wellthy in May 2023. It operates as a Managed Services. Lantern has raised $2.75 million across 2 funding rounds from investors including Wellthy, Amplify and Draper Associates. Lantern offers products and services including Care Concierge and Backup Care Solutions. Lantern operates in a competitive market with competitors including Empathy, Better Place Forests, After, Eterneva and Cake, among others.
Products & Services of Lantern
Lantern offers a comprehensive portfolio of products and services, including Care Concierge and Backup Care Solutions.
Care support is provided for families and employers.
Backup care solutions are offered for urgent needs.
Funding Insights of Lantern
Lantern has successfully raised a total of $2.75M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $455 thousand completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2.75M
- Total Rounds 2
- Last Round Seed — $455,000
- First Round $2.3M
(Dec 2020)
- Investors Count 7
All 2 funding rounds of Lantern with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2022 | $455,000 | Seed | – | – | – |
| Dec 2020 | $2.3M | Seed | – | Draper Associates |
8 investors in total: 5 institutional and 3 angel.
Investors in Lantern
Lantern has secured backing from 8 investors, including venture fund and angel investors. Prominent investors backing the company include Wellthy, Amplify and Draper Associates.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage technology companies receive venture capital investments. | – | draper.vc | San Mateo, United States | |
Tech startups are accelerated sector-agnostically by Amplify. | 2011 | amplify.la | Los Angeles, United States | |
Early-stage capital is provided to women and mixed-gender founding teams. | – | xfactor.ventures | - | |
Investments are made in multiple sectors by F7 Ventures. | – | f7ventures.com | San Francisco, United States | |
JM Jarl Mohn | - | – | unknown_524c84a9710f441a9 | - |
JG Joshua Goldman | - | – | unknown_308c0464090a43b28 | - |
NM Nikita Miller | - | – | unknown_1ef8994dbafa4e09b | - |
Online platform to guide families and patients with long term health conditions | 2014 | wellthy.com | New York, United States |
Investor details for Lantern
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Lantern
4 people are tracked at Lantern (2 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Alyssa Ruderman | Co-Founder | Leadership |
Liz Eddy | Co-Founder & CEO | Leadership |
Adeyemi Ajayi | Senior Engineer | Team |
Jason Bennett | Technical Advisor | Team |
Complete people profiles for Lantern
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Lantern
4 dated milestones of Lantern across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Lantern is founded.
- Funding First funding round of $2.3M.
- Funding Latest funding round, Seed, of $455K.
- Exit Acquired by Wellthy.
Competitors of Lantern
Lantern operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Empathy, Better Place Forests, After, Eterneva and Cake, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| empathy.com | 2021 | New York, United States | $162M | – | Support for life's transitions is provided by Empathy. | |
| betterplaceforests.com | 2015 | San Francisco, United States | $27.8M | 131 | Forest burial and memorial services are provided to families. | |
| after.com | 2020 | Mesa, United States | $15M | – | Cremation services are provided via an online platform. | |
| eterneva.com | 2017 | Austin, United States | $19.91M | – | Personalized diamond jewelry is created from human and pet ashes. | |
| joincake.com | 2013 | Sudbury, United States | $5.05M | 10 | Online platform that provides end of life planning | |
| solacecares.com | 2018 | Portland, United States | $2.05M | 18 | Online platform for booking cremation services | |
| everdays.com | 2017 | Birmingham, United States | $17M | 14 | Cremation services are facilitated via an app-based platform. | |
| partingstone.com | 2019 | Santa Fe, United States | $3.34M | – | Funeral ashes are converted into solid memorial stones for remembrance. | |
| halolife.com | 2015 | San Francisco, United States | $245,000 | – | Operates a marketplace connecting users with essential funeral services. |
Detailed competitors of Lantern
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Latest news on Lantern
Complete news archive for Lantern
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Similar companies to Lantern
10 companies that operate in the same segment as Lantern (Religion & Faith Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A platform is provided for devotional services and spiritual products. | 2020 | Bengaluru, Karnataka, India | USD 53.36 M | USD 768.06 K | 95 | |
Personalized astrological predictions and consultations are provided online. | 2017 | Noida, Uttar Pradesh, India | USD 30.31 M | USD 77 M | 115 | |
App-based platform offering catholic prayers and meditation sessions | 2018 | Detroit, Michigan, United States | USD 157 M | – | – | |
Support for life's transitions is provided by Empathy. | 2021 | New York, New York, United States | USD 162 M | – | – | |
Provider of online platform connecting users with astrology consultation services | 2021 | Noida, Uttar Pradesh, India | USD 17.16 M | – | – | |
A community platform is operated for sharing thoughts and prayers. | 2016 | Santa Monica, California, United States | USD 16 M | – | – | |
Prayer tracking and management app for Christians is provided. | 2019 | London, England, United Kingdom | USD 80 M | – | – | |
Online platform for churches for the engagement of the community | 2005 | United States | – | – | – | |
Spiritual guidance is provided through psychic and astrology services. | 2016 | New York, New York, United States | USD 4.5 M | – | – | |
Forest burial and memorial services are provided to families. | 2015 | San Francisco, California, United States | USD 27.8 M | – | 131 |
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Frequently Asked Questions about Lantern
Lantern was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Lantern is headquartered in New York, United States. It is registered at New York, New York, United States.
Liz Eddy is the current CEO of Lantern. They have also founded this company.
Lantern is a funded company, having raised a total of $2.75M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.3M, raised on Dec 2020.
Lantern, acquired by Wellthy Inc., is dedicated to providing caregiving concierge and end-of-life planning solutions. Services are offered to employers, health plans, and families, ensuring comprehensive support across various life stages. The integration into Wellthy enhances the scope of care with a focus on day-to-day assistance and future planning. Operations are centered in the healthcare sector, addressing critical family care needs.
Lantern's top competitors include Empathy, Better Place Forests and Parting Stone.
Lantern offers Care Concierge and Backup Care Solutions.
Lantern has 8 investors. Key investors include Wellthy, Amplify, Draper Associates, XFactor Ventures, and F7 Ventures.
Lantern operates through Wellthy Inc..
Yes. Lantern was acquired by Wellthy in May 2023.