FundedIQ
Community and Lifestyle

FreeWill: Funding, Investors & Team (Sep 2026)

FreeWill is an online service that provides legal forms and legal information. FreeWill offers philanthropy and estate planning tools for donors and fundraisers to donate simpler and easier. The company is making estate planning warm, accessible, and totally free – so that people can more easily care for the people and causes they love. Through its partnerships with 1,000+ nonprofits who understand that major gifts often are part of estate plans, FreeWill is also able to provide a comprehensive suite of estate planning and related tools to consumers free of cost. Freewill has generated nearly $5 billion in planned and real-time gifts for more than 10,000 nonprofits while helping more than 460,000 consumers create wills and plan their estates.

www.freewill.com LinkedIn New York, United States 101-250 employees
Non Profit Social Social Impact Software
Total raised
$30.0M
Rounds
1
Latest
Series B
Mar 2022

FreeWill has raised $30.0M across 1 funding round on record, the most recent a Series B of $30.0M announced in Mar 2022.

That round is above the $2.3M median round size for Community and Lifestyle companies tracked on FundedIQ over the last two years.

FreeWill Company Profile and Key Stats

Total funding raised
$30.0M
across 1 round on record
Funding rounds on record
1
Latest funding round
Series B
$30.0M in Mar 2022
Employees
101-250
reported band
Headquarters
New York, United States

Latest funding round on record: Mar 2022.

FreeWill Funding Rounds

Date
Round
Amount
Series B
$30.0M

FreeWill Founders and Leadership Team

Name
Role
Contact
Patrick Schmitt
CEO
Locked

Contact details for the FreeWill team: 1 of 1 has an email address on file.

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FreeWill Funding Compared to Other Community and Lifestyle Startups

Segment
Companies
Median round
29,878
$7.5M
4,323
$30M

FreeWill's latest round of $30.0M is above the median round in Community and Lifestyle. Medians cover the last 24 months of disclosed rounds.

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FreeWill Funding FAQs

What does FreeWill do?

FreeWill is an online service that provides legal forms and legal information. FreeWill offers philanthropy and estate planning tools for donors and fundraisers to donate simpler and easier. The company is making estate planning warm, accessible, and totally free – so that people can more easily care for the people and causes they love. Through its partnerships with 1,000+ nonprofits who understand that major gifts often are part of estate plans, FreeWill is also able to provide a comprehensive suite of estate planning and related tools to consumers free of cost. Freewill has generated nearly $5 billion in planned and real-time gifts for more than 10,000 nonprofits while helping more than 460,000 consumers create wills and plan their estates.

How much funding has FreeWill raised?

FreeWill has raised $30.0M across 1 round on record. The most recent is a Series B of $30.0M announced in Mar 2022.

When did FreeWill last raise funding?

FreeWill's most recent funding round on record is a Series B of $30.0M, announced in Mar 2022.

Who is the CEO of FreeWill?

Patrick Schmitt is listed as CEO at FreeWill.

Where is FreeWill headquartered?

FreeWill is based in New York, United States.

How many employees does FreeWill have?

FreeWill is in the 101-250 employee band.

How does FreeWill's funding compare to other Community and Lifestyle startups?

FreeWill's latest round of $30.0M is above the $2.3M median round size for Community and Lifestyle companies on FundedIQ across 1,484 tracked companies over the last two years.

About FundedIQ's FreeWill Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for FreeWill is left off this page rather than filled in.

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