Friday, March 24, 2023
Human composting startup Recompose opens $5M crowdfunding round
Recompose, a Seattle human composting startup, wants to raise $5 million in a new crowdfunding round. This round is open to anyone willing to invest at least $1,000 in exchange for equity in the company. They previously raised $6.75 million in 2020 and $10 million in 2022 in traditional funding rounds.
Founder and CEO Katrina Spade told Axios, "We've basically built this whole new concept and piece of the funeral industry through community support and momentum, whether it's grassroots folks helping us with legislation, or just people getting behind this idea." New York recently became the sixth state to legalize human composting, and more states slated to follow suit.
For more information see Alex Fitzpatrick “Human composting startup Recompose opens $5 crowdfunding round” Axio, March 23, 2023.
Special thanks to Lewis Saret (Attorney, Washington, D.C.) for bringing this article to my attention.