About FreeWill
FreeWill is a company based in New York (United States) founded in 1998 by Patrick Schmitt and Jennifer Xia Spradling. FreeWill has raised $30 million across 1 funding round from investors including Pear VC, Bain Capital Double Impact and QED Investors. FreeWill has completed 1 acquisition, including Cocatalyst. FreeWill operates in a competitive market with competitors including Farewill, CrowdJustice, Safewill, GoodTrust and Willful, among others.
- Headquarter New York, United States
- Founders Patrick Schmitt, Jennifer Xia Spradling
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Sectors
Professional & Legal ServicesFinancial Services Government & Social Sector
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Freewill Co.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$30 M (USD)
in 1 rounds
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Latest Funding Round
$30 M (USD), Series B
Mar 02, 2022
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Investors
Pear VC
& 6 more
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Employee Count
Not available
- Investments & Acquisitions
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People of FreeWill
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Funding Insights of FreeWill
FreeWill has successfully raised a total of $30M through 1 strategic funding round. The most recent funding activity was a Series B round of $30 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in FreeWill
FreeWill has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Pear VC, Bain Capital Double Impact and QED Investors.
| Investor | Description | Founded Year | Domain | Location |
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Impact investing in health, education, and sustainability with a focus on financial and social returns.
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Venture capital fund investing in early-stage start-ups
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Seed-stage funding is provided to innovative founder teams.
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Locked | Locked | Locked |
Investor details for FreeWill
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Investments & Acquisitions by FreeWill
FreeWill has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Cocatalyst.
Investment portfolio details for FreeWill
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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A foundation focused on asset donations to non-profits and churches
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Locked | Locked | 2018 | Locked |
Complete acquisition details for FreeWill
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- Transaction dates
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Financial Statements - FreeWill
Detailed financials for FreeWill
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Freewill Comparisons
Peer comparison for FreeWill
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Competitors of FreeWill
FreeWill operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Farewill, CrowdJustice, Safewill, GoodTrust and Willful, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online platform for wills management and end-of-life planning is operated.
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Legal case crowdfunding is enabled via an online platform.
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Cloud based will creation platform
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Cloud based platform offering will management solution
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Cloud-based platform for will-making solutions is operated.
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Detailed competitors of FreeWill
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Latest news on Freewill
Complete news archive for FreeWill
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Frequently Asked Questions about FreeWill
FreeWill was founded in 1998 and raised its 1st funding round 24 years after it was founded.
FreeWill is headquartered in New York, United States. It is registered at New York, New York, United States.
Patrick Schmitt is the current CEO of FreeWill. They have also founded this company.
FreeWill is a funded company, having raised a total of $30M across 1 funding round to date.
FreeWill provides online legal will management solutions for non profit organizations. The product offerings include Bequest Tool is an estate planning and legacy giving tool, Qualified Charitable Distributions tool is a tool for donors to give charitably from their IRAs, etc. It allows users to create a will and manage an online legal will maker that helps you compile will forms to print and sign, or to take as a basic will template to an estate planning lawyer. It enables users to get help from legal experts to manage wills.
FreeWill has made 1 acquisition, including Cocatalyst.
FreeWill has 7 investors. Key investors include Pear VC, Bain Capital Double Impact, QED Investors, Ulu Ventures, and Highland Capital Partners.