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.
- Headquarter New York, United States
- Founders Alyssa Ruderman, Liz Eddy
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Sectors
Media & EntertainmentBusiness Services
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Phone
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Website
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Social
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- Legal Name Wellthy Inc.
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Products & Services of Lantern
Lantern offers a comprehensive portfolio of products and services, including Care Concierge and Backup Care Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Care support is provided for families and employers.
Backup care solutions are offered for urgent needs.
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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 Total Funding
- Total Rounds 2
- Last Round Seed — $455,000
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First Round
First Round
(07 Dec 2020)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2022 | Amount | Seed - Lantern | Valuation |
investors |
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| Dec, 2020 | Amount | Seed - Lantern | Valuation | Draper Associates |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage technology companies receive venture capital investments.
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Founded Year | Domain | Location | |
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Tech startups are accelerated sector-agnostically by Amplify.
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Founded Year | Domain | Location | |
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Early-stage capital is provided to women and mixed-gender founding teams.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lantern
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Lantern
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lantern Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Support for life's transitions is provided by Empathy.
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Forest burial and memorial services are provided to families.
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Cremation services are provided via an online platform.
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| domain | founded_year | HQ Location |
Personalized diamond jewelry is created from human and pet ashes.
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Online platform that provides end of life planning
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| domain | founded_year | HQ Location |
Online platform for booking cremation services
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Lantern
When was Lantern founded?
Lantern was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Lantern located?
Lantern is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Lantern?
Liz Eddy is the current CEO of Lantern. They have also founded this company.
Is Lantern a funded 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 07, 2020.
What does Lantern do?
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.
Who are the top competitors of Lantern?
Lantern's top competitors include Empathy, Better Place Forests and Parting Stone.
What products or services does Lantern offer?
Lantern offers Care Concierge and Backup Care Solutions.
Who are Lantern's investors?
Lantern has 8 investors. Key investors include Wellthy, Amplify, Draper Associates, XFactor Ventures, and F7 Ventures.
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