Opportunity to Invest: Biodegradable Future of Coffins and Caskets USD 7M in Two Tranches
LifeArt has been building up momentum, originating from Australia and then taking the operations to an international level. China production began in 2013, followed by entry into the UK in 2017 where local councils and authorities looking to tackle this problem as well. Looking forward, LifeArt is looking to expand to North America in the coming new year.
The roadmap ahead: next move to North America
Interest in manufacturing partnerships with LifeArt across North America is strong, given the persisting market gap – personalisation and green options for coffins and caskets remain minimal in this geography, and the nature of the market is fragmented, making LifeArt’s move to North America logical and supported with the team’s efforts undertaken so far – having built up a strong base of contacts in the U.S., agreed terms with a distributions partner (circa 160,000 units pa manufacturer), and the product being displayed through various local channels.
LifeArt’s team is looking to raise USD 7M in two tranches. If you’d like to participate in this raise, get to know more about terms, or speak with the founding team, register your interest in LifeArt’s investment here.
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