About GoodTrust
GoodTrust is a company based in Palo Alto (United States) founded in 2020 by Markus Thorstvedt and Rikard Steiber.. GoodTrust has raised $8.15 million across 3 funding rounds from investors including Khosla Ventures, Azure Capital Partners and Moxxie Ventures. GoodTrust offers products and services including Will, Trust, Digital Vault, and Directives Suite. GoodTrust operates in a competitive market with competitors including Farewill, FreeWill, Safewill, Willful and Alix, among others.
- Headquarter Palo Alto, United States
- Founders Markus Thorstvedt, Rikard Steiber
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Sectors
Professional & Legal Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Goodtrust, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8.15 M (USD)
in 3 rounds
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Latest Funding Round
$854.96 K (USD), Seed
Apr 21, 2022
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Investors
Khosla Ventures
& 17 more
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Employee Count
Employee Count
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Products & Services of GoodTrust
GoodTrust offers a comprehensive portfolio of products and services, including Will, Trust, Digital Vault, and Directives Suite. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables creation of last will and testament for asset protection.
Facilitates revocable living trust to avoid probate court.
Securely organizes digital assets and documents for legacy.
Includes power of attorney and health care directives for planning.
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Funding Insights of GoodTrust
GoodTrust has successfully raised a total of $8.15M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $854.96 thousand completed in April 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 Total Funding
- Total Rounds 3
- Last Round Seed — $854,955
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First Round
First Round
(26 Jan 2021)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Seed - GoodTrust | Valuation |
investors |
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| Dec, 2021 | Amount | Seed - GoodTrust | Valuation | Moxxie Ventures , Khosla Ventures | |
| Jan, 2021 | Amount | Seed - GoodTrust | Valuation | Bling Capital , Synetro Group |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in GoodTrust
GoodTrust has secured backing from 18 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Khosla Ventures, Azure Capital Partners and Moxxie Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments in tech startups are provided by Moxxie Ventures.
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Founded Year | Domain | Location | |
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Early-stage startups are funded by this venture capital firm.
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Founded Year | Domain | Location | |
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Financial and social capital is invested in visionary ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by GoodTrust
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - GoodTrust
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Goodtrust Comparisons
Competitors of GoodTrust
GoodTrust 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, FreeWill, Safewill, Willful and Alix, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform for wills management and end-of-life planning is operated.
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| domain | founded_year | HQ Location |
Online legal will management solutions are provided for non-profits.
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| domain | founded_year | HQ Location |
Cloud based will creation platform
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| domain | founded_year | HQ Location |
Cloud-based platform for will-making solutions is operated.
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| domain | founded_year | HQ Location |
Estate planning is streamlined via AI-powered platform and services.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Goodtrust
Frequently Asked Questions about GoodTrust
When was GoodTrust founded?
GoodTrust was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is GoodTrust located?
GoodTrust is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Who is the current CEO of GoodTrust?
Rikard Steiber is the current CEO of GoodTrust. They have also founded this company.
Is GoodTrust a funded company?
GoodTrust is a funded company, having raised a total of $8.15M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.3M, raised on Jan 26, 2021.
What does GoodTrust do?
Cloud based platform offering digital storage vault. Provides solutions such as website creation, social media integrations, key document storage management, will creation management, funeral certificates creation, medical directories management, etc.
Who are the top competitors of GoodTrust?
What products or services does GoodTrust offer?
GoodTrust offers Will, Trust, Digital Vault, and Directives Suite.
Who are GoodTrust's investors?
GoodTrust has 18 investors. Key investors include Khosla Ventures, Azure Capital Partners, Moxxie Ventures, Westbound, and Bling Capital.
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