About FreeWill
FreeWill is a Professional & Legal Services company based in New York (United States) founded in 1998 by Patrick Schmitt and Jennifer Xia Spradling. It operates as an online legal will management solutions are provided for non-profits. It operates in the Professional & Legal Services, Financial Services, and Government & Social Sector sectors. 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. Its chief executive is Patrick Schmitt. Its website freewill.com draws about 452 thousand monthly visits. Its focus areas include Enterprise Applications, Nonprofit Tech, Fundraising and Software. Its legal entity is FreeWill Co. Its competitors include Farewill, CrowdJustice, Safewill, GoodTrust and Willful and 3 more; 8 of its 8 listed competitors have raised funding.
Company details
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.
- Headquarters New York, United States
- Founders Patrick Schmitt, Jennifer Xia Spradling
- SectorsProfessional & Legal ServicesFinancial Services Government & Social Sector
- Website category Law and Government · Legal
- Email••••••••
- Website freewill.com
- Social LinkedIn X Facebook
- Legal Name Freewill Co.
- Total Equity Funding$30M (USD)
in 1 rounds
- Latest Funding Round$30M (USD), Series B
Mar 2022
- InvestorsPear VC
& 6 more
- Investments & Acquisitions
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.
- Total Funding $30M
- Total Rounds 1
- Last Round Series B — $30M
- First Round $30M
(Mar 2022)
- Investors Count 7
All 1 funding rounds of FreeWill with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2022 | $30M | Series B | – | Bain Capital Double Impact |
7 investors in total: 7 institutional.
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 |
|---|---|---|---|---|
Impact investing in health, education, and sustainability with a focus on financial and social returns. | – | baincapitaldoubleimpact.com | - | |
Venture capital fund investing in early-stage start-ups | – | qedinvestors.com | Alexandria, United States | |
Seed-stage funding is provided to innovative founder teams. | – | uluventures.com | Palo Alto, United States | |
Seed & early stage VC firm investing the US | 2013 | pear.vc | San Francisco, United States | |
Venture capital investment and entrepreneur support services. | – | hcp.com | - | |
Provider of investment management and real asset services | – | iconiqcapital.com | San Francisco, United States | |
Venture capital and incubation are provided to women-led startups. | – | hearstlab.com | New York, United States |
Investor details for FreeWill
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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People of FreeWill
10 people are tracked at FreeWill (7 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Patrick Schmitt | Founder & Co-CEO | Leadership |
Jennifer Xia Spradling | Founder & Co-CEO | Leadership |
Julia Silbergeld | VP Of People | Leadership |
Jenny Xia Spradling | Founder & Co-ceo | Leadership |
Anna Dekle | Director of Special Projects | Leadership |
Nicole McElroy | Director of Recruitment | Leadership |
Alaina Hendershot | Director of Human Resources | Leadership |
Mohammad k. | Human Resources Specialist | Team |
Toni M. | People & Culture Lead | Team |
William Filho | Operations Manager | Team |
Complete people profiles for FreeWill
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Investments & Acquisitions by FreeWill
FreeWill has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Cocatalyst.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
A foundation focused on asset donations to non-profits and churches | cocatalyst.org | Fremont, United States | 2018 | Dec 2021 | •••• |
Complete acquisition details for FreeWill
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
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Timeline of FreeWill
3 dated milestones of FreeWill across 24 years, from founding to its latest funding, stage changes and deals.
- Founded FreeWill is founded.
- Acquisition Acquires Cocatalyst.
- Funding First funding round of $30.0M.
Competitors of FreeWill
FreeWill has 8 listed competitors in our database, 8 of them funded. They include Farewill, CrowdJustice, Safewill, GoodTrust and Willful, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| farewill.com | 2015 | London, United Kingdom | $36.81M | 100 | Online platform for wills management and end-of-life planning is operated. | |
| crowdjustice.com | 2014 | London, United Kingdom | $2M | 40 | Legal case crowdfunding is enabled via an online platform. | |
| safewill.com | 2011 | Sydney, Australia | $17.71M | – | Cloud based will creation platform | |
| mygoodtrust.com | 2020 | Palo Alto, United States | $8.15M | – | Cloud based platform offering will management solution | |
| willful.co | 2017 | Toronto, Canada | $1.71M | 27 | Cloud-based platform for will-making solutions is operated. | |
| meetalix.com | 2022 | New York, United States | $25.5M | – | Estate planning is streamlined via AI-powered platform and services. | |
| yellow.org | 2021 | Mahe, Seychelles | $10M | – | Hybrid Layer-3 non-custodial digital exchange is facilitated through blockchain technology. | |
| filethis.com | 2010 | Mill Valley, United States | $9.9M | – | An automated system for digital storage and filing of financial documents. |
Detailed competitors of FreeWill
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of FreeWill
The website of FreeWill (freewill.com) receives about 452.2K visits a month and ranks #88,322 among all websites worldwide, #2,960 in Legal.
- Monthly visits452.2K
▲ 21% vs previous month
- Unique visitors179K
per month
- Global rank#88,322
among all websites
- Category rank#2,960
Law and Government · Legal
- Bounce rate42%
- Pages per visit6.5
- Average visit4 min 15 sec
- DevicesDesktop 56% · Mobile 44%
Websites whose visitors overlap most with FreeWill. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| legalzoom.com | 100% | 2.5M | #21,618 | View details | |
| rocketlawyer.com | 90% | 1.5M | #27,908 | View details | |
eforms.com | eforms.com | 86% | – | #31,950 | – |
lawdepot.com | lawdepot.com | 86% | – | #25,012 | – |
| legaltemplates.net | 71% | – | #26,054 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for FreeWill
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in Legal Tech
10 companies that operate in the same segment as FreeWill (Legal Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud and AI-based electronic signatures and contract management are provided. | 2003 | San Francisco, California, United States | USD 520 M | USD 3.22 B | 6,840 | |
Legal practice management software is provided for law firm operations. | 2007 | Burnaby, British Columbia, Canada | USD 1.79 B | – | 2,371 | |
AI-powered software for contract drafting and management is provided. | 2017 | India | USD 112.95 M | USD 2.43 M | 162 | |
Contract lifecycle management software is developed using AI-powered intelligence. | 2016 | San Carlos, California, United States | USD 154.69 M | – | – | |
AI-powered ediscovery platform streamlines investigations and workflows. | 2012 | Houston, Texas, United States | USD 194.03 M | USD 156.85 M | 561 | |
AI-powered software for legal contract management is utilized. | 2012 | Lehi, Utah, United States | USD 170.95 M | – | 1,164 | |
Cloud-based legal management and data services are provided for businesses. | 2008 | Toronto, Ontario, Canada | – | USD 7.63 B | 26,400 | |
AI-driven legal research platform for attorneys is operated. | 2013 | San Francisco, California, United States | USD 67.83 M | – | – | |
Online legal services are offered to businesses and families. | 2008 | San Francisco, California, United States | USD 288.44 M | – | 482 | |
SaaS-driven property management software for owners and residential property managers | 2006 | Santa Barbara, California, United States | USD 30 M | USD 950.82 M | 1,630 |
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Related news about 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. The company's 1st funding round was a Series B of $30M, raised on Mar 2022.
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.
FreeWill operates through Freewill Co..
The website of FreeWill receives about 452 thousand visits a month and ranks #88,322 among all websites worldwide.