What is Precoa?
Founded in 2004 by industry leaders Mark Hornibrook and Bret Davis, Precoa was established with a vision to revolutionize pre-arrangement planning for families. Leveraging Hornibrook's expertise in funeral insurance and Davis's acumen in preneed marketing, the company developed its signature ProActive Preneed® service features. Precoa's core mission revolves around creating healing experiences for families through an innovative, proactive approach to advanced planning, fostering a culture of kindness, progression, and craftsmanship.
How much funding has Precoa raised?
Precoa has raised a total of $4M across 2 funding rounds:
Debt
$2M
Debt
$2M
Debt (2020): $2M with participation from PPP
Debt (2021): $2M led by PPP
Key Investors in Precoa
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Precoa?
The substantial enterprise-level funding and recent strategic investment indicate that Precoa is likely in a scaling phase, aiming to expand its market reach and enhance its service offerings. This capital will likely be deployed to further develop its ProActive Preneed® platform, potentially explore new geographic markets, and strengthen its operational infrastructure. The company's focus on creating healing experiences suggests a continued commitment to innovation within the funeral service industry, positioning it for sustained growth and leadership.
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