Many industries have innovations and advancements often, while a few barely have any innovations for centuries. Among the few in the latter is the death and grief wellness industry. All this changed for the industry with the founding of Eterneva in 2017 by Adelle Archer and Garrett Ozar. This start-up is revolutionizing how people view death and handle grief wellness after the loss of a loved one worldwide. The start-up is based in Austin, Texas, and has offices in Germany, and allows the family and friends of a lost loved one to keep their memory in the form of a diamond. This diamond is derived from the carbon in the cremated ashes of the departed loved one. Recently, Adelle Archer came out to discuss the company’s success. Click here to learn more.
Introducing innovation in the death and grief wellness industry
This Eterneva co-founder pointed out that its first success is introducing innovation in the death and grief wellness industry. It developed cutting-edge technologies and processes that allow diamonds to be formed using the carbon in the ashes of a loved one just as they would be in the earth’s crust. The carbon is subjected to over 850,000 pounds of pressure per square inch and over 2,500 degrees Fahrenheit temperatures. The process of making the diamonds take between 7 to 10 months.
Expanding the business
Adelle Archie pointed out that the company’s founding duo has been very successful in growing and expanding the business. It has attracted several investors that have provided funding to help the company speed up its expansion. The grief wellness company successfully raised $1.2 million as seed money. Some of the Eterneva investors are SoGal, NextCoast, Founder Collective, Castle Island, and Springdale, who recently contributed $3 million to fund its ambitions. At the moment, the company makes over 75 diamonds a year, and the number will increase as time passes with more investment in equipment and personnel. Read more: https://www.statesman.com/business/20200716/austinrsquos-eterneva-which-makes-diamonds-from-cremated-ashes-raises-3-million-for-expansion