About Solace Cremation
Solace Cremation is a company based in Portland (United States) founded in 2018 by David Odusanya and Keith Crawford was acquired by Foundation Partners in November 2022.. Solace Cremation has raised $2.05 million across 3 funding rounds from investors including Foundation Partners Group, Rogue Venture Partners and Cascade Seed Fund. The company has 18 employees as of May 31, 2022. Solace Cremation offers products and services including Direct Cremation Service. Solace Cremation operates in a competitive market with competitors including Empathy, Better Place Forests, After, Parting Stone and Cake, among others.
- Headquarter Portland, United States
- Employees 18 as on 31 May, 2022
- Founders David Odusanya, Keith Crawford
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Sectors
Media & EntertainmentBusiness Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Solace Cremation, Inc.
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Annual Revenue
$1.09 M197as on May 02, 2022
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Net Profit
$-1.13 M-153as on May 02, 2022
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EBITDA
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Total Equity Funding
$2.05 M (USD)
in 3 rounds
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Latest Funding Round
$1.75 M (USD), Seed
May 28, 2021
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Investors
Foundation Partners Group
& 3 more
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Employee Count
18
as on May 31, 2022
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Acquired by
Foundation Partners
(Nov 02, 2022)
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Products & Services of Solace Cremation
Solace Cremation offers a comprehensive portfolio of products and services, including Direct Cremation Service. 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.
Provides affordable cremation with flat pricing and online arrangements.
Funding Insights of Solace Cremation
Solace Cremation has successfully raised a total of $2.05M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.75 million completed in May 2021. 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 3
- Last Round Seed — $1.7M
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First Round
First Round
(24 Apr 2020)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Seed - Solace Cremation | Valuation | Rogue Venture Partners | |
| Mar, 2021 | Amount | Seed - Solace Cremation | Valuation |
investors |
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| Apr, 2020 | Amount | Seed - Solace Cremation | Valuation |
investors |
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| 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 Solace Cremation
Solace Cremation has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Foundation Partners Group, Rogue Venture Partners and Cascade Seed Fund. 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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Founded Year | Domain | Location | |
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Early-stage software companies are funded by Cascade Seed Fund.
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Founded Year | Domain | Location | |
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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 Solace Cremation
| 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 - Solace Cremation
| 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 |
Solace Cremation Comparisons
Competitors of Solace Cremation
Solace Cremation 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, Parting Stone 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Support for life's transitions is provided by Empathy.
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| domain | founded_year | HQ Location |
Forest burial and memorial services are provided to families.
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| domain | founded_year | HQ Location |
Cremation services are provided via an online platform.
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| domain | founded_year | HQ Location |
Funeral ashes are converted into solid memorial stones for remembrance.
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| domain | founded_year | HQ Location |
Online platform that provides end of life planning
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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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Latest news on Solace Cremation
Frequently Asked Questions about Solace Cremation
When was Solace Cremation founded?
Solace Cremation was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Solace Cremation located?
Solace Cremation is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
Is Solace Cremation a funded company?
Solace Cremation is a funded company, having raised a total of $2.05M across 3 funding rounds to date. The company's 1st funding round was a Seed of $110K, raised on Apr 24, 2020.
How many employees does Solace Cremation have?
As of May 31, 2022, the latest employee count at Solace Cremation is 18.
What is the annual revenue of Solace Cremation?
Annual revenue of Solace Cremation is $1.09M as on May 02, 2022.
What does Solace Cremation do?
SolaceCremation is an online platform for booking cremation services. It allows users to book the companys proprietary funeral arrangements for loved ones who have passed away, or for the near future. They can pre-arrange cremation services, enter details of the deceased individual, including end-of-life planning, make payments online choose delivery options.
Who are the top competitors of Solace Cremation?
Solace Cremation's top competitors include Empathy, Better Place Forests and Parting Stone.
What products or services does Solace Cremation offer?
Solace Cremation offers Direct Cremation Service.
Who are Solace Cremation's investors?
Solace Cremation has 4 investors. Key investors include Foundation Partners Group, Rogue Venture Partners, Cascade Seed Fund, and Alliance of Angels.