Finish-of-life planning platform, Safewill, has raised $5.5 million in what the startup is looking a Sequence A for the second time in 19 month.

The tech platform beforehand raised $3 million in a Sequence A in October 2021.

The newest spherical was led by Carthona Capital, supported by present backer Reinventure,  plus Flying Fox Ventures. The brand new capital is to additional develop the enterprise, together with enlargement of the platform abroad.

Safewill was based in 2019 by Adam Lubofsky and Dan Bennett to digitise property planning and make it extra reasonably priced. The corporate has additionally labored to extend charitable bequests and has partnered with than 200 Australian charities.

The property planning companies provided by Safewill embody Enduring Powers of Legal professional and Enduring Guardianship merchandise, a subscription-based digital vault the place prospects retailer necessary paperwork to assist Executors, an affiliate Wills and Estates legislation agency, and low-cost funeral planning companies.

Cofounder and CEO Adam Lubofsky mentioned the enterprise has grown past its authentic imaginative and prescient as a digital Will writing platform and is now utilized by greater than 100,000 folks.

“We’ve constructed a digital product that ties collectively all facets of finish of life planning – together with property planning paperwork, funeral merchandise, finish of life authorized companies, and trendy ideas of legacy and farewell – in a single unified digital product,” he mentioned.

“With our home success, we’re now taking a look at how we will export our award-winning expertise abroad. We’re within the strategic levels of figuring out probably the most related markets and anticipate executing on this plan in the direction of the top of this 12 months.

Lubofsky mentioned items in wills account for greater than 20% of whole nationwide charitable fundraising.

“From the day we began Safewill, we knew charities had issue in buying and monitoring items in wills and needed to handle that drawback.,” he mentioned.

“We have now had greater than $500 million in charitable items dedicated to Australian not-for-profits via our wills, which makes Safewill one of many main charitable fundraising platforms in Australia.”

Reinventure managing companion Danny Gilligan mentioned Safewill is digitising at scale a sector that till now has been largely untouched by expertise, regardless of its impression on everybody.

“It additionally simply so occurs to be one of many uncommon alternatives that intersects the power to have an effect on significant change on the planet and a cloth untapped market,” he mentioned.