 | |
| Company type | Private |
|---|---|
| Industry | |
| Founded | July 24, 2015 in London, England |
| Founders |
|
| Headquarters | 27 Downham Rd, Dalston, , |
Area served | United Kingdom |
| Services | |
Number of employees | 84+ [1] |
| Website | farewill |
Farewill is a private company based in London that provides will-writing, probate, and cremation services in the UK. The company was founded in 2015 and is registered in England and Wales with the Law Society. [2] In 2019, it was named the National Will Writing Firm of the Year. [3]
Farewill was founded in 2015 by Dan Garrett and Tom Rogers. Garrett was inspired to start the company after designing products for elderly residents in a care home in Tokyo. [4] He later organized funerals and gained a qualification in will writing, which led to the founding of Farewill. [5]
In 2016, Tracy Doree, an angel investor and founder of venture capital firm Kindred Capital, joined Farewill as its Chairperson. [6]
Farewill offers will-writing (online and over the phone), a direct cremation service, a probate service, and a subscription-based will-update service. The company claims that users can complete an online will in 15 minutes for £90, with an additional £10 per year for unlimited updates. [7] Direct cremations start from £980. [8]
In response to concerns about data privacy, Farewill stated that user data is stored on Amazon's Secure Storage Service in Ireland and encrypted using AES-256 encryption. [9]
Farewill has partnered with 50 UK charities, including Cancer Research UK, British Heart Foundation, Macmillan, The Royal British Legion, and Christian Aid. [10] The charities provide access to the will-writing service to encourage bequests to their organizations.
Farewill has undergone several funding rounds. In January 2019, the company raised £7.5 million in a series A round. [11] On July 8, 2020, Farewill raised £20 million in a series B round led by Highland Europe, with a valuation of £70 million. [12] This funding was intended to expand and improve their services across the UK. [13]
In 2023, Farewill crowdfunded at a valuation of £25,775,000, a reduction from the 2020 valuation. [14]
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