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Farewill

UK business From Wikipedia, the free encyclopedia

Farewill
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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]

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History

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]

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Services

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]

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Charity Partnerships

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.

Funding and Investors

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]

Farewill was acquired by funeral services provider Dignity in October 2024 for £12.9 million in stock. The deal was described by Tech Crunch as "a fire sale by just about any estimation".

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References

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