Foreign Startups Disrupting The Business Of Funerals

Proshare

Friday, May 24, 2019   / 05:45PM  /  By AngelList  / Header Image Credit: MIC Funeral Services


 

Death isn't a topic most of us like to talk about. The fear, the grief, the loss—none of it makes for easy conversation. Despite this aversion, or perhaps because of it, funeral services has become a massive industry. As of 2013, the funeral market alone was estimated to be a $20.7 billion.


As large as the industry is, however, the technology and process behind it haven't changed much.


“There hasn’t been a lot of change in the past 100 years of funeral service,” Rob Goff, executive director of the Washington State Funeral Directors Association (WSFDA) told the Seattle Times. And typical funeral services—standard burials or cremations—are expensive and environmentally damaging.


Each year, U.S. cemeteries bury more than 827,000 gallons of formaldehyde-containing embalming fluid, over 100,000 tons of metal, and millions of tons of concrete and hardwood. Cremating a single body requires enough fuel to fill two SUV fuel tanks.


Thanks to startups and legislative overhauls, funeral services may soon be one of the next big industries where startups can place their focus.


On May 21, Bill 5001 passed the Washington state Senate, allowing for the composting of human corpses, which the bill refers to as “natural organic reduction.” The bill also allows for alkaline hydrolysis, otherwise known as “liquid cremation,” a processed legalized in 19 other states.


Recompose, the company that helped craft Bill 5001, offers a service which, in its own words, “gently converts human remains into soil so that we can nourish new life after we die.” It's not the only business advancing funeral practices, either. Green funeral startup Coeio made headlines this year when it was revealed that Luke Perry, the former Beverley Hills 90210 actor, was buried in a Coeio Infinity Suit, a burial suit that decomposes the body using mushrooms and other microorganisms.

 

And across the U.S., “green burials,” in which bodies are buried in simple wood caskets without embalming fluids or other forms of preservation, are rising in popularity. There seems to be growing consumer interest in taking a more conscientious approach to how their bodies will be handled, post-death. 

 
Death may make many of us uncomfortable, but for the startups moving into the funeral space, it represents a chance to make a massive impact on both underserved consumers and the environment.
 

 

 

Proshare Nigeria Pvt. Ltd.

 

 

Funeral Firms In Nigeria & Related News

1.       MIC Funeral Services | … make every funeral service beautiful and ...

2.      TOS Funerals – …caring for the living and the dead

3.      List of Funeral Undertakers in Nigeria - VConnect™

4.       Omega Funeral Home

5.       The Economy Of The Dead: Earning A Living From Funeral Activities - Oct 3, 2015

6.      Undertakers in Nigeria, Funeral Services, Undertakers - Nigeria Galleria

7.      18 Tips to Start Funeral Home Business in Nigeria - BusinessHAB

8.     Funeral Directors - Nigeria Business Directory

9.      How To Start Mortuary Service In Nigeria - Information Guide in Guide Jul 4, 2018

 

 

Proshare Nigeria Pvt. Ltd.

 

 

Related News

1.       Winners Emerge at Wema Bank’s Hackaholics

2.      Why You Should Join A Regulated Startup

3.      2018: The Year Privacy-Focused Startups Took Off

4.      AI for Credit Scoring – An Overview of Startups and Innovation

5.      How To Build Big Things With A Small Team

6.      Naspers Announces $300M Initiative To Support Startups And Tech In South Africa

7.      After Announcing A $1.5M Seed Round This Year, Uganda-Based Asaak Is Raising Again

8.     Here Is How A Mobile Punch Dashboard Can Help You Track Your Employees’ Overtime

9.      Liquidation Preference: Your Start Up Equity Could Be Worth Millions—Or Nothing

10.  World's First Shared Trading Platform, Exchain, Launches Public Beta Test

11.   TaxiTV Raises Seed Fund From Beta.Ventures

 

 

Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

 

 


 

READ MORE:
Related News
SCROLL TO TOP