Titan Casket, a Boston, MA and Seattle, WA-based direct-to-consumer casket company, raised $3.5M in Seed funding.
The round was led by Reformation Partners.
The company intends to use the funds for product development, ensuring fast delivery speeds of only 1-2 business days for 90% of U.S. metros through added distribution points in Los Angeles, Dallas, New York, and Chicago, brand building, and consumer education and expansion of its business reach to become the digital solution for funeral planning, beyond the casket.
Founded in 2016 by funeral market disruptor Scott Ginsberg, who was later joined by co-founders Joshua Siegel (former Amazon executive) and Elizabeth Siegel (repeat DTC founder), Titam Casket is a direct-to-consumer casket company that allows customers to buy caskets online while having the ability to customize their casket, receive it “on demand” and experience a dedicated customer service. The company continues to expand its product and service categories with the addition of eco-friendly caskets, urns, flowers, and funeral pre-planning options.
This funding round follows Titan Casket’s 400% year-over-year growth in 2021, a year in which the company sold its first urns and pre-planning policies, increased the number of caskets available for purchase on its website by 30% (to over 1,000 models), introduced a new website with tools to select/design a casket and estimate the shipping date, launched the casket category for Sam’s Club and a military line of caskets on Costco.com and opened warehouses in California, Pennsylvania and Alabama.
FinSMEs
13/06/2022