# Online will-writing service Farewill completes £7.5 million capital raise

- Link: https://fundraising.co.uk/2019/01/22/online-will-writing-service-farewill-completes-7-5m-capital-raise/
- Published: 2019-01-22T09:03:29+00:00
- Author: Melanie May

**Farewill, the online will-writing service, has raised £7.5m in its second funding
round.**

The service enables people to write a will online in under 15 minutes and have it
checked by a legal expert within five days, at £90 for a single will and £135 for
a couple, and including unlimited access to live phone and chat support. Launching
less than two years ago, [Farewill](https://farewill.com/) now writes 1 in 30 wills
and by the end of 2019 is forecast to be writing 1 in 10.

Farewill currently has 50 charity partners including [Cancer Research UK](https://www.cancerresearchuk.org/)
and Macmillan Cancer Support for whom it has already raised £95 million in pledged
income.

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The capital raise sees further investments from listed fund [Augmentum Fintech](https://augmentum.vc/),
Taavet Hinrikus, Transferwise, and Tracy Terrill ex CTO of LegalZoom. Other investors
include [JamJar](http://www.jamjarinvestments.com/), SAATCHiNVEST, dmg ventures,
Kindred Capital, Tiny VC And Venture Founders. They join the likes of Alex Chesterman,
founder of Zoopla who invested in Farewill’s seed-round.

This investment round will go towards doubling the workforce by the end of 2019 
and delivering customer support and satisfaction though its online service.

Dan Garrett, Farewill co-founder and CEO said:

> “Dying is the largest financial event of your life, with £1 trillion expected 
> to pass between generations over the next years. It’s a serious amount to protect
> and pass on correctly. And yet it is largely ignored.
> “We have a unique and exciting opportunity to lead the way in building simple,
> easy-to-use tools for dealing with death, putting people back in control and giving
> everyone peace of mind over what happens when they die. It’s clear our investors
> are making a big bet on us doing something unprecedented, as we aim to build the
> first consumer brand in death.
> “The mix of unicorn founders Alex Chesterman (Zoopla) and Taavet Hinrikus (Transferwise)
> and fintech specialists like Augmentum, is a testament to our team and approach
> to the market.”

 * **[Courts & Tribunal Service to set up new alert service for charitable bequests](https://fundraising.co.uk/2019/02/01/courts-tribunal-service-set-new-alert-service-charitable-bequests/)**(
   1 February 2019)
 * **[All wills made through Make a Will Online to now undergo solicitor check](https://fundraising.co.uk/2019/02/14/all-wills-made-through-make-a-will-online-to-now-undergo-solicitor-check/)**(
   14 February 2019)
 * **[Cancer Research UK launches first legacy advertising campaign since 2016](https://fundraising.co.uk/2019/02/15/cancer-research-uk-launches-first-legacy-advertising-campaign-since-2016/)**(
   15 February 2019)

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