By StartupChi Team | July 23, 2024

Introduction

LifeWeb 360, a Chicago-based startup dedicated to preserving memories and enhancing the way we commemorate our loved ones, has announced a new funding round through a grant from Blackbaud’s Social Good Startup Accelerator. This funding marks a significant milestone in LifeWeb 360’s journey, as the company aims to expand its innovative platform that integrates memory preservation with contemporary digital tools.

Background

Founded with the vision of transforming the way individuals remember and celebrate lives, LifeWeb 360 addresses the pressing challenges faced by families during times of grief. Its platform offers an interactive space for users to create, share, and honor memories in a way that reflects the uniqueness of each person. By connecting personal stories with rich media, LifeWeb 360 helps facilitate healing and connection. With less than $1M in revenue to date and a total funding raised of $140,000, the company has successfully navigated a competitive consumer software landscape focused on the funeral and wellness industries.

Funding Details

The grant secured from Blackbaud’s accelerator is part of a broader strategy to boost the startup’s operations and outreach. With this being their fourth funding round, LifeWeb 360 has set the stage for scalable growth and enhancement of its offerings, particularly in the realm of social media integration and user engagement. Blackbaud’s support is not just financial; it comes from a shared commitment to delivering social good—a value that resonates deeply with LifeWeb 360’s mission.

Competitive Landscape

Operating in a niche yet increasingly relevant market, LifeWeb 360 faces competition from various applications focused on memory sharing and memorialization. However, its unique approach to connecting users through an interactive and supportive environment gives it a competitive edge. By blending technology with emotional wellness, LifeWeb 360 sets itself apart, offering features that extend beyond traditional mourning practices into vibrant commemorative storytelling.

Future Plans

Looking ahead, LifeWeb 360 plans to utilize this funding to enhance its platform, focusing on product development and expansion of team capabilities. The aim is to provide more tools and resources that foster community engagement around memory sharing. Additionally, with the support of Blackbaud, the company is poised to explore partnerships that can drive further impact in the mental health and wellness sectors.

As LifeWeb 360 continues to grow, it remains committed to helping individuals honor their loved ones in meaningful ways while navigating the complexities of loss. To learn more about LifeWeb 360 and its mission, visit www.lifeweb360.com.

Grant – LifeWeb 360:

• Organization Name: LifeWeb 360
• Organization Description: LifeWeb 360 is a chicago-based company dedicated on preserving memories.
• Website: www.lifeweb360.com
• Funding Type: Grant
• Funding Round: Grant – LifeWeb 360
• Money Raised: —
• Announced Date: Jul 23, 2024
• Funding Stage: —
• Pre-Money Valuation: —
• Equity-Only Funding: No
• Industries: Consumer Software, Funerals, Social Media, Wellness
• Revenue: Less than $1M
• Total Funding: $140,000
• Funding Status: Seed
• Number of Funding Rounds: 4
• Lead Investor:
• Investors: , Blackbaud’s Social Good Startup Accelerator, ,
• Number of Investors: 1
• Number of Partner Investors: —