Who founded FreeWill?

FreeWill was founded by Jenny, Patrick William Schmitt, Jennifer Xia Spradling, Jennifer Xia.

Who are FreeWill's investors?

FreeWill's investors include Bain Capital Double Impact Fund LP, Dorm Room, ICONIQ, Pear VC, Purpose Built Ventures, QED Investors, Ulu Ventures, Vista Venture Partners and 3 more.

How much funding has FreeWill raised?

FreeWill has disclosed $30M raised across 1 round.

Where is FreeWill headquartered?

FreeWill is headquartered in New York, US.

FreeWill

New York, US · Delaware corporation · 280 employees on LinkedIn · 14 known investors

Find your way into FreeWill

Paths you didn't know you had: your email and LinkedIn already hold routes to the FreeWill team. We find them for you
2nd- and 3rd-degree connections: the friend-of-a-friend routes that take hours to manually find through your inbox or LinkedIn
Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone

Days of research, done the moment you sign in, with every route ranked by how warm it is.

FreeWill provides a free online platform for creating legally valid estate plans and charitable giving tools. The service enables users to document their wishes and commit gifts to nonprofit organizations.

Fintech Impact & Social Good LegalTech

Founders & leadership

Jenny

Patrick William SchmittCo-founder

Jennifer Xia SpradlingFounder & Co-CEO

Jennifer XiaFounder & Co-CEO30 Under 30 2019

Andrew B NickExecutive

Jenny Xia SpradlingFounder

Jenny Xia SpraldingFounder

Patrick SchmittFounder

Investors · 14

Bain Capital Double Impact Fund LPlisted by Bain Capital Double Impact Fund LPBoston · $50M – $200M

How we know: Bain Capital Double Impact Fund LP's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us

Dorm Roomlisted by Dorm RoomBrooklyn · $90K – $500K

How we know: the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

ICONIQlisted by ICONIQSan Francisco

How we know: ICONIQ's portfolio page · Not right? Tell us

Pear VClisted by Pear VCSan Francisco · $150K – $4M

How we know: pear.vc · open dataset · 5k.vc investor directory · Not right? Tell us

Purpose Built Ventureslisted by Purpose Built VenturesLos Angeles · $500K

How we know: Purpose Built Ventures's portfolio page · Not right? Tell us

QED Investorslisted by QED InvestorsAlexandria · $30K – $20M

How we know: QED Investors's portfolio page · a partner's Signal profile · prnewswire.com · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

Ulu Ventureslisted by Ulu VenturesPalo Alto · $2M

How we know: Ulu Ventures's portfolio page · Not right? Tell us

Vista Venture Partnerslisted by Vista Venture Partnersvia Fern Mandelbaum · inferred

How we know: Vista Venture Partners's portfolio page · Not right? Tell us

HearstLabreportedNew York · $500K – $1M

How we know: prnewswire.com · the VCSheet dataset · Not right? Tell us

ICONIQ CapitalreportedSan Francisco · $5M – $100M

How we know: open dataset · 5k.vc investor directory · Not right? Tell us

ICONIQ GrowthreportedSan Francisco

How we know: funding news · press coverage · Not right? Tell us

Also in the syndicate · 3

Bain Capital Double ImpactleadHighlandUlu

Reported raises · per SEC filings

Form D private placements

$30M disclosed across 1 round · 2022

▶$30MraisedMar 2022 · 6 investors · Other

Rule 506(b)

Officers, directors & promoters on the filing

Andrew B NickExecutive Officer
Patrick William SchmittExecutive Officer, Director
Jennifer Xia SpradlingExecutive Officer, Director

Offering amount: $30M
Amount sold: $30M
First sale: Feb 2022
Incorporated: Corporation, Delaware
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Related companies · 6

Trust & WillTrust & Will is an online estate planning platform that guides customers through creating legally customized wills, trusts, and related documents. The service targets individuals and families seeking an affordable, accessible alternative to traditional legal services for estate planning.

LegalZoom.com, Inc.This is an educational article on the LegalZoom website explaining what a limited liability company (LLC) is, including its types, tax treatment, formation process, and legal considerations. LegalZoom provides online legal services to help small and mid-size businesses register and manage LLCs and other business structures.

SmartAssetFisher Investments is a global money management and financial advisory firm that provides portfolio management, financial planning, and retirement planning services primarily to high-net-worth individuals and institutional clients. The firm manages investments across equities, fixed income, and blended accounts using an active, forward-looking investment approach.

AvvoSeattle-based online legal marketplace with lawyer ratings, reviews and Q&A, acquired by Internet Brands in 2018.

Policy GeniusPolicygenius is an online insurance marketplace that provides consumers with free, tailored quotes and support from licensed agents across life, auto, home, and disability insurance. It helps individuals compare policies from multiple insurers and choose coverage that fits their needs.

Rocket LawyerRocket Lawyer offers online legal services combining AI-assisted document creation and review with access to attorneys for consultations and personalized advice. It provides membership plans covering legal document preparation, e-signatures, legal reminders, and attorney support for individuals and businesses.

Companies working in the same space as FreeWill.

In the news

FreeWill Raises $30 Million in Series B to Transform Nonprofit Fundraising via Non-Cash Givingprnewswire.com · Mar 2022

FreeWill helps users make gifts through wills for freefinance.yahoo.com · Oct 2018

Frequently asked questions

What does FreeWill do?: FreeWill provides a free online platform for creating legally valid estate plans and charitable giving tools. The service enables users to document their wishes and commit gifts to nonprofit organizations.
Who founded FreeWill?: FreeWill was founded by Jenny, Patrick William Schmitt, Jennifer Xia Spradling, Jennifer Xia.
Who are FreeWill's investors?: FreeWill's investors include Bain Capital Double Impact Fund LP, Dorm Room, ICONIQ, Pear VC, Purpose Built Ventures, QED Investors, Ulu Ventures, Vista Venture Partners and 3 more.
How much funding has FreeWill raised?: FreeWill has disclosed $30M raised across 1 round.
Where is FreeWill headquartered?: FreeWill is headquartered in New York, US.