Recompose opens funding round for sustainable death care option

SEATTLE, WASHINGTON (May 2019) – Recompose, a public benefit corporation based in Seattle, is pleased to announce that it has opened its Series A round of financing and is raising $6.75 million from values-aligned investors.

Recompose has developed a system that transforms a body into soil in approximately one month. In 2018, Recompose raised a seed round of $693,000, which it used to prove the safety of the process through a research pilot with Washington State University, complete the engineering of its patent-pending system, and advocate for Washington state legislation which passed with broad bipartisan support in April 2019. Recompose is now preparing to open Recompose Seattle, the first facility in the world where the service will be offered to the public.

Recompose’s service is an alternative to burial and cremation, which is now the most popular form of disposition in the United States. The service avoids the waste and emissions of both methods and also sequesters carbon, making it a potential game-changer for the funeral industry. A lifecycle assessment comparing death care options estimated 1.4 metric tons of carbon saved per person who chooses Recompose.

The need for sustainable funerary practices is growing fast, with 10,000 Americans turning 65 every day. Katrina Spade, Founder and CEO of Recompose, says “People want an option that aligns with the way they’ve lived their lives. They care about climate change, and they want to leave a legacy that gives back to the earth.” The numbers back up this sentiment: in 2015, 64% of Americans reported interest in funeral options that upheld environmental stewardship, up from 34% in 2010.

Besides its environmental impact, Recompose emphasizes intention and authenticity, and aims to help families create meaningful ritual around the death of a loved one. The company will operate centers where families gather and where bodies are transformed into soil. Recompose is also focused on significant expansion and growth opportunities, including a plan to license its patent-pending technology to industry partners.

The offering provides a combination of equity plus dividends and prioritizes investors who care deeply about environmental and social impact. Spade believes that the investment offering aligns with Recompose’s mission: “We are committed to growing organically and deliberately with strong and enduring financial results. We are seeking investors who appreciate the potential and who want to join in as long-term investors.”

About Recompose

Recompose is a public benefit corporation that offers an alternative choice to cremation and conventional burial with a process called “natural organic reduction.” This process transforms human remains into soil so that we can nourish new life after we die.

Learn more about Recompose

For investment inquiries, email info@recompose.life

Additional Information for Investors

This press release does not constitute an offer to sell or a solicitation of an offer to purchase any securities in any jurisdiction in which such an offer or solicitation is not authorized and does not constitute an offer within any jurisdiction to any person to whom such offer would be unlawful. Additional details of the offering, which will be available to accredited investors only, are included in the Private Placement Memorandum. Recompose does not and cannot provide investment advice or make any investment recommendations to any persons, and no communication with Recompose should be construed as such. Investors should read and understand the Private Placement Memorandum and all offering documents before making an investment decision. To receive a copy of the Private Placement Memorandum, please email Katrina Spade at katrina@recompose.life.

Forward-Looking Statements

Certain matters discussed within this press release include forward-looking statements. Although Recompose believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. You should review the risk factors and other information contained in the Private Placement Memorandum. Forward-looking statements in this press release speak only as of the date made. Recompose does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in local or national economic conditions and other risks.