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Solace

Operating

SOLACE CREMATION, INC.

Founded 2018

Digital first, consumer-centric, modern funeral solution

Valuation cap ⓘ
$6.5M
As of Aug 2020 · from Reg CF Offering (2020-07-31) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$3,457,889
Crowd $516K · Private $2.9M · 7 rounds since 2020

Financials

FY2018–FY2022 · from SEC filings · hover any figure for its source
$0
−$31K
2018
$133K
−$356K
2019
$366K
−$446K
2020
$366K
−$446K
2021
$1.1M
−$1.1M
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018 audited*
FY2019 reviewed
FY2020 reviewed
FY2021 unaudited
FY2022 unaudited
Income statement
Revenue
$0
$132,685
$366,107
$366,107
$1,087,892
Cost of goods sold
$0
$65,144
$170,256
$170,256
$621,807
Gross margin
—
51%
53%
53%
43%
Net income
-$31,433
-$356,053
-$445,577
-$445,577
-$1,128,970
Taxes paid
$0
$0
$0
$0
$0
Balance sheet
Cash
$52,035
$31,719
$334,976
$334,976
$1,403,691
Accounts receivable
$0
$0
$0
$0
$0
Total assets
$52,035
$33,482
$336,298
$336,298
$1,420,838
Short-term debt
$0
$0
$38,176
$38,176
$31,006
Long-term debt
$0
$0
$757,439
$757,439
$526,000
Total liabilities
$0
$0
$795,615
$795,615
$557,006
Other
Headcount
—
5
12
—
18

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Valuation caps on SAFE / convertible note rounds
$6.5M
Valuation cap
$6.5M
Valuation cap
Reg CF · Note · May 2020
Reg CF · Note · Jul 2020

Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth.

Fundraising history

Raised $400KInvestors 4
Raised $500KInvestors 2
Raised $1.7MInvestors 13
Raised $192.3KInvestors 5
Raised $226.5K / $850KValuation cap $6.5M
Raised $289.1K / $850KValuation cap $6.5M
Raised $110KInvestors 5

Team

3 people
David OdusanyaFounder
CCO/Co-Founder
Keith CrawfordFounder
CEO/Co-Founder
Jeremy Frank
COO

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFewer than 300 holders of record

Filed 2 of 6 annual reports (FY2020–FY2025)

13 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form DJun 30, 20220001805637-22-000004
    EDGAR
  • Form C-ARMay 2, 20220001805637-22-000001
    EDGAR
  • Form DDec 29, 20210001805637-21-000005
    EDGAR
  • Form DJun 2, 20210001805637-21-000004
    EDGAR
  • Form C-ARApr 7, 20210001805637-21-000002
    EDGAR
  • Form DMar 31, 20210001805637-21-000001
    EDGAR
  • Form C-UAug 25, 20200001805637-20-000004
    EDGAR
  • Form CJul 28, 20200001805637-20-000003
    EDGAR
Source: ManualCIK 0001805637

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.