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Eterneva

Austin, US · Founded 2019 · Delaware corporation · 40 employees on LinkedIn · 23 known investors

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Florencia Herra Vegaunlockedknows Adelle Archer · together at McGill University (overlapped)
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Eterneva creates memorial diamonds grown from the cremated ashes of deceased people and pets, offering an interactive process, jewelry collections, and pre-planning options to help families honor loved ones. The company operates in the end-of-life and memorial products industry, selling directly to consumers.

Also known as Eterneva, Inc.

Founders & leadership

Eterneva was founded in 2019 by Adelle Archer and Garrett Ozar.

AAAdelle Archer
Adelle Archerin𝕏Co-founder & CEOAdelle Archer co-founded Eterneva with Garrett Ozar after the death of her business mentor Tracey Kaufman inspired her to pivot from a lab-grown diamond startup toward creating memorial diamonds from cremated ashes. She has served as Co-CEO of Eterneva, which has worked with thousands of families in the end-of-life and memorial products space.
GOGarrett Ozar
Garrett OzarinCo-founder & Co-CEOCo-founder and Co-CEO of Eterneva, which creates memorial diamonds from cremated ashes. Founded Foreverly Fulfillment in 2021 to provide employment opportunities for parents of children undergoing treatment at St. Jude Children's Hospital.

Investors · 23

Also in the syndicate · 14

AJ BrunoBrant BartonBrett HurtBrian CruverDan GrahamDavid RubinEric KormanIan LopatinJessica EwingJohn BanczakManish PatelNextCoast VenturesSuhail DoshiTiger Managementlead

Reported raises · per SEC filings

Form D private placements

$16.9M disclosed across 2 of 5 rounds · 2019–2021

$14.9MraisedJul 2021 · 47 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Robert AlvarezDirector
  • Kathryn CavanaughDirector
  • Garrett OzarExecutive Officer, Director, Promoter
  • Adelle ArcherExecutive Officer, Director, Promoter
Offering amount
$14.9M
Amount sold
$14.9M
First sale
Jul 2021
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$2MraisedNov 2019 · 24 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • ADELLE ARCHERExecutive Officer, Director, Promoter
  • GARRETT OZARExecutive Officer, Director, Promoter
Offering amount
$2M
Amount sold
$2M
First sale
Oct 2019
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Eterneva is a direct-to-consumer memorial products company that grows diamonds from the carbon in the cremated ashes or hair of deceased people and pets. Customers send roughly half a cup of ashes; the company extracts carbon and grows a diamond in high-pressure, high-temperature machines, then sets the stone in rings, pendants and necklaces, earrings, bracelets or bespoke pieces. Diamonds are offered colorless or in colors including black, yellow, blue, green, red, pink and amber, in sizes ranging from about 0.15 to 5 carats, and can be engraved. The process takes approximately seven to nine months and is structured as an interactive "Journey" in which customers receive video and photo updates at each stage, personalized notes, and the option to visit the lab or participate in person [0][2][3][6].

Alongside diamonds made for loved ones who have already died, Eterneva sells Blueprint, a pre-planning product that lets a buyer design and lock in the price of a future diamond for themselves, another person or a pet, assign a beneficiary, and pay in full or over 12, 36, 60 or 120 months, with plans described as starting at $32 per month and a certificate of ownership issued on completion [4]. The company positions itself as a grief-wellness business rather than a diamond business, and cites third-party validation of its lab, disclosure of its facility location, and chain-of-custody protocols under which it works on one loved one at a time [2][4].

Founding story

In 2015 co-founder Adelle Archer's mentor Tracey Kaufman, a 47-year-old Austin technology executive, was diagnosed with stage 4 pancreatic cancer and died months later, leaving her ashes to her aunt, best friend and Archer. Dissatisfied with the memorial options she found and while already working on a lab-grown diamond startup, Archer learned from a diamond scientist that carbon could be extracted from ashes to grow a diamond, and had a black diamond made from Kaufman's ashes — the first diamond Eterneva created. Archer launched the company with Garrett Ozar, a former BigCommerce colleague, in the first quarter of 2017 [2][6].

Business model

Direct-to-consumer sale of memorial diamonds and finished jewelry, with a partner channel through funeral homes, crematoriums and veterinary offices, and a prepaid pre-planning product (Blueprint) sold either in full or on multi-year payment schedules [4][5][6].

Product revenue from memorial diamonds and jewelry priced by size and color, with an entry price of $2,999 and higher prices for larger or colored stones; prepaid Blueprint plans generate revenue in advance of the diamond being grown, with payment plans from $32 per month [4][6].

Traction

As of July 2021 Eterneva had created nearly 1,500 diamonds for more than 1,000 customers, reported triple-digit sales growth since inception and more than doubled revenue in 2020. The company's website gallery displays 1,140 finished pieces and cites more than 2 million social followers and over 500 million views [0][3][6].

Latest developments

Current site materials describe a Kerrville, Texas headquarters and diamond lab billed as the largest memorial diamond facility in the US, over $15 million invested in infrastructure and R&D, a BBB ethics award, third-party validation of the lab, in-person and virtual tour programs, and the Blueprint pre-planning offering with payment terms up to 120 months [0][2][4].

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Describes itself as the only third-party validated memorial diamond lab in the United States and operator of the largest memorial diamond facility in the country, and as the recipient of a Better Business Bureau ethics award; investors have characterized it as a consumer brand disrupting the funeral industry [0][2][5].

Emphasis on an interactive, transparency-oriented customer journey (progress videos, dedication pages, open facility tours, published lab location and chain-of-custody protocols) in an industry the company says commonly does not disclose where it operates, plus in-house US growth capacity backed by over $15 million of stated infrastructure and R&D investment [0][2].

Technology

Lab-grown diamond synthesis that simulates mantle conditions — heat, pressure, time and carbon — using growth machines to convert carbon extracted from cremated remains or hair into a diamond, with dozens of machines each dedicated to an individual customer. Growth is split between the Texas facility and European facilities depending on the size and color ordered, and the company also builds customer-facing software such as interactive dedication pages and a text-based AI assistant [0][2][4][5].

Go-to-market

Direct sales via the website supported by diamond specialists, welcome kits with cubic-zirconia size samples, appointments, and in-person or virtual tours of the Kerrville, Texas facility; enterprise partnerships with funeral homes, crematoriums and veterinary offices; and organic social media reach, including viral TikTok content and a stated 2M+ followers across platforms with 500M+ views. National consumer awareness came from an appearance on Shark Tank and celebrity customers [0][2][5][6].

Individuals and families who have lost a person or a pet and are seeking an alternative to traditional funeral memorialization, plus consumers pre-planning their own end-of-life arrangements. Pets accounted for roughly 40% of the business as of 2021 [4][6].

Geography

Headquarters and diamond lab in Kerrville, Texas, following earlier operations in Austin, Texas, with additional growth facilities in Germany and Switzerland; serves customers remotely across the US [0][2][4][5][6].

History

Eterneva was bootstrapped for roughly its first three years, relying on customer revenue while developing an eight-month diamond journey. The founders appeared on Shark Tank (Season 11, Episode 3, October 2019), where Mark Cuban invested $600,000 for a 9% stake. A first institutional round of $1.2 million from Austin entrepreneur-angels was announced to fund "Experience Innovation," interactive dedication pages, a US-based growth lab in Austin and funeral-industry partnerships. A $3 million seed round led by Springdale Ventures followed in 2020, and a $10 million Series A led by Tiger Management closed in July 2021, by which point total prior funding was $6.7 million. The company later built its largest US facility in Kerrville, Texas, and added the Blueprint pre-planning product [2][4][5][6].

Risks & controversies

TechCrunch reported claims that the company was a scam, which investor Mark Cuban publicly rejected while defending the underlying science; the article notes he reinvested in the Series A [6]. The business depends on a long production cycle (seven to nine months) and on facilities in multiple countries [4][6].

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Blueprint pre-planning entry paymentJan 2025$32
Customers served since inceptionJul 20211,000 customers
Diamond production timeJul 20217 to 9 months
Diamonds created since inceptionJul 20211,500 diamonds
Entry price per diamondJul 2021$3K
Infrastructure and R&D investmentJan 2025$15M
Jewelry pieces in online galleryJan 20251,140 pieces
Share of business from petsJul 202140%
Social media followers across platformsJan 20252,000,000 followers
Total funding raised prior to Series AJul 2021$6.7M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 4

by search overlap

Companies competing with Eterneva for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 8

launches, deals, and filings
Jan 2025
BBB Ethics Award

Company website announces that Eterneva won the Better Business Bureau's ethics award.

source ↗

Jul 2021
$10 million Series A led by Tiger Management

Oversubscribed Series A with participation from Goodwater Capital, Capstar Ventures, NextCoast Ventures and Mark Cuban; Capstar Managing Director Kathryn Cavanaugh joined the board.

$10M source ↗

Jul 2021
Kathryn Cavanaugh joins board of directors

Capstar Managing Director Kathryn Cavanaugh joined Eterneva's board as part of the Series A.

source ↗

Jan 2020
$3 million seed round led by Springdale Ventures

$3M source ↗

Oct 2019
Shark Tank deal: Mark Cuban invests $600,000 for 9% stake

Eterneva's founders appeared on Shark Tank (Season 11, Episode 3, October 2019) and secured a $600,000 investment from Mark Cuban for a 9% stake.

$600K source ↗

Jan 2019
Plans announced for first US-based memorial diamond growth lab in Austin

Eterneva said its scientific team would begin growing diamonds in Austin, Texas, opening one of the first US-based memorial diamond growth labs and allowing customers to view the process in person.

source ↗

Jan 2019
First funding round of $1.2 million from Austin entrepreneur-angels

After roughly three years bootstrapped, Eterneva announced an initial $1.2 million round from a group of Austin founder-angels to fund 'Experience Innovation,' interactive dedication pages, a US-based diamond growth lab and funeral-industry partnerships.

$1.2M source ↗

Jan 2019
Interactive Dedication Pages announced

Eterneva announced interactive Dedication Pages as storytelling hubs where family and friends can add stories and follow the diamond growth process.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
EternevaDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Eterneva do?
Eterneva grows memorial diamonds from the cremated ashes or hair of people and pets, sold direct to consumers.
Who founded Eterneva?
Eterneva was founded by Adelle Archer, Garrett Ozar in 2019.
Who are Eterneva's investors?
Eterneva's investors include Mark Cuban, Next Coast Ventures, Palm Tree Crew Investments, Point King Capital, Capstar Ventures, Goodwater Capital, SoGal Ventures, Springdale Ventures and 1 more.
How much funding has Eterneva raised?
Eterneva has disclosed $16.9M raised across 2 of its 5 known rounds.
Where is Eterneva headquartered?
Eterneva is headquartered in Austin, US.