LVED.com Inc. Company Profile
Background
Company Overview
LVED.com Inc., pronounced "Loved," is a fintech company founded in 2022, specializing in modernizing estate planning through a comprehensive digital platform. The company aims to simplify the process of creating, managing, and executing estate plans, making them accessible and affordable for a broad audience.
Mission and Vision
LVED's mission is to ensure that individuals can protect and pass on what they value most, including both traditional and digital assets, in a secure and organized manner. The company envisions a future where estate planning is straightforward, cost-effective, and inclusive, addressing the needs of families across various demographics.
Industry Significance
In the United States, a significant portion of wealth is held by individuals aged 65 and older, yet over half lack even a basic will. LVED addresses this critical gap by offering a streamlined, affordable, and secure platform for estate planning, thereby democratizing access to these essential services.
Key Strategic Focus
Core Objectives
LVED focuses on:
- Simplifying the estate planning process to make it accessible to a wider audience.
- Integrating both traditional and digital assets into estate plans.
- Providing a secure and user-friendly platform for creating and managing legal documents.
Areas of Specialization
The company specializes in:
- Digital estate planning solutions.
- Secure storage and transfer of digital assets, including emails and cryptocurrencies.
- Automated execution of estate plans upon the user's passing or incapacitation.
Key Technologies Utilized
LVED employs:
- AI-driven estate analysis to identify potential gaps and risks.
- Automated legal document creation.
- Secure digital vaults for storing critical information.
Primary Markets Targeted
LVED targets:
- Individuals seeking affordable and comprehensive estate planning solutions.
- Financial advisors and CPA firms looking to offer estate planning services to their clients.
- Businesses aiming to provide estate planning as an employee benefit.
Financials and Funding
Funding History
LVED has secured significant funding to support its growth and development:
- Seed Round: Raised $2.5 million to enhance product development and expand features.
- Strategic Investment: Whitman Transition Advisors invested in LVED to fuel technology innovation in estate planning for CPA firms.
Notable Investors
- Expert Dojo: Invested in LVED, recognizing its potential to transform the estate planning industry.
- Whitman Transition Advisors: Provided strategic investment to advance LVED's technology offerings.
Utilization of Capital
The funds are allocated towards:
- Accelerating product development.
- Integrating advanced technologies for secure digital solutions.
- Scaling outreach initiatives to connect with communities nationwide.
Technological Platform and Innovation
Proprietary Technologies
LVED's platform features:
- AI-driven estate analysis to identify and mitigate potential gaps and risks.
- Automated legal document creation, including wills, trusts, and healthcare directives.
- Secure digital vaults for storing and transferring critical information.
Significant Scientific Methods
The platform utilizes:
- Machine learning algorithms to personalize estate planning recommendations.
- Continuous threat monitoring to ensure data security.
Leadership Team
Executive Profiles
- Ryan Andersen: Co-Founder & Chief Executive Officer.
- Travis Johnson: Co-Founder & Chief Operating Officer.
- Kevin Eaton, Ph.D.: Chief Technology Officer.
- Terry Anderton: Co-Founder & Chairman.
Competitor Profile
Market Insights and Dynamics
The estate planning industry is undergoing a digital transformation, with increasing demand for accessible and affordable solutions. LVED's platform addresses this need by offering a comprehensive, user-friendly solution that integrates both traditional and digital assets.
Competitor Analysis
LVED's primary competitors include:
- Trust & Will: Offers online estate planning services with a focus on simplicity and affordability.
- Willful: Provides digital estate planning solutions tailored to specific regional legal requirements.
- Fabric: Combines life insurance with estate planning tools, targeting young families.
Strategic Collaborations and Partnerships
Significant Collaborations
- Whitman Transition Advisors: Partnered with LVED to enhance technology innovation in estate planning for CPA firms.
- Expert Dojo: Invested in LVED, supporting its mission to modernize estate planning.
Operational Insights
Strategic Considerations
LVED differentiates itself through:
- Comprehensive integration of digital assets into estate plans.
- AI-driven analysis and automation to simplify the planning process.
- Partnerships with financial advisors and CPA firms to expand market reach.
Strategic Opportunities and Future Directions
Strategic Roadmap
LVED plans to:
- Expand its suite of features to address evolving user needs.
- Enhance AI capabilities for more personalized estate planning.
- Strengthen partnerships with financial institutions and advisory firms.
Opportunities for Expansion
Potential areas for growth include:
- Offering white-label solutions for financial advisors and CPA firms.
- Developing educational resources to raise awareness about the importance of estate planning.
- Exploring international markets with similar needs for accessible estate planning solutions.
Contact Information
Website
- LVED.com
Social Media Profiles
Headquarters
- Hampton Falls, NH, United States.
