LANTERN
Annual Letter
Annual Letter

A soft
landing.

Resettlement, employment, and belonging.

2,800
People resettled
78%
Headline metric
Donors
Prepared for
01 / 20
The problem

Arrival is not the end of the journey — it is the hardest, loneliest beginning.

refugee support teams feel it every week: the status quo scales cost, not outcomes. There is no clean upgrade path — only rip-and-replace.

02 / 20
Market
01
2,800
People resettled
02
78%
Employed in 6 mo
03
94%
Housing retained

Bottom-up, the reachable market clears a nine-figure ceiling before expansion.

03 / 20
[ FULL-BLEED · refugee support hero image ]

Welcome
home.

04 / 20
How it works
STEP 01
Connect
Map the whole refugee support surface in under an hour. No migration.
→
STEP 02
LANTERN core
Golden paths become policy, enforced at runtime.
→
STEP 03
Deliver
Teams self-serve safely with audit and rollback for free.
05 / 20
The product

One surface your whole donors lives in.

01
Live graph
Every dependency, owner, and cost in real time.
02
Policy-as-code
Guardrails that block bad changes automatically.
03
Attribution
Every dollar tied to a team and a decision.
[ product UI screenshot ]
06 / 20
Traction

People resettled, last 8 quarters

78%
+151% YoY
25
50
75
100
131
149
170
194
229
266
320
394
Q3·24Q4·24Q1·25Q2·25Q3·25Q4·25Q1·26Q2·26
07 / 20
Why now

Three forces converging

01
01

Demand

refugee support budgets are shifting from headcount to platform.

02
02

Technology

The primitives finally exist to do this at the edge.

03
03

Distribution

A bottom-up motion the incumbents can’t run.

08 / 20
Adoption

Active accounts

M1M3M6M9M12M15M18
actualguide
09 / 20
Landscape
LANTERN
Legacy A
Point tool B
DIY
Breadth → ↑ Depth
10 / 20
Two
Part Two

The results.

Employment, housing, and integration outcomes.

11 / 20
Detail

Unit economics

This yearLast yearYoY
Revenue394266+32%
Gross margin78%71%+7 pts
Net retention134%119%+15 pts
Payback11 mo17 mo−6 mo
12 / 20
Where it goes

Use of funds

01
Engineering & product46%
02
Go-to-market38%
03
Operations & reserve16%
13 / 20
Cohorts

Retention by cohort

M0
M3
M6
M9
M12
Jan
100
88
79
72
68
Apr
100
90
82
76
—
Jul
100
91
85
—
—
Oct
100
93
—
—
—
LOWHIGH
14 / 20
Roadmap

The next 18 months

Now → Q2
Land
Own the refugee support beachhead with a self-serve motion.
Q3 → Q4
Expand
Enterprise controls, SSO, and the partner program.
2027
Platform
Open the API and the marketplace.
15 / 20
“
In their words

“Lantern gave my family a second chance.”

A recipient
Verified
16 / 20
Revenue mix

Where the money comes from

0100%
46%
38%
16%
Platform 46%
Services 38%
Marketplace 16%
17 / 20
Team

Built by operators

[ photo ]
A recipient
Co-founder & CEO
[ photo ]
A. Rivera
Co-founder & CTO
[ photo ]
M. Osei
VP Product
[ photo ]
L. Chen
VP Revenue
18 / 20
In one number
78%

of the adults we serve are employed within six months of arrival.

19 / 20
LANTERN

A soft landing.

lanternfund.org/give
[ QR ]
20 / 20