A startup founded by childhood friends that helps manage deceased estates has raised $12.5 million in its first funding round.
EstateXchange is backed by Macquarie Capital, OIF Ventures, and billionaire Paul Little’s family office.
It also has angel investors including business leader Carol Schwartz and Pier 12 Capital chair Christine Christian.
It also has angel investors including Carol Schwartz and Christine Christian.
EstateXchange provides an online platform that helps lawyers, accountants, and trustees manage estate-related paperwork digitally.
It supports tasks like document sharing and verification, making the process faster and more organised.
The platform connects professionals with banks, insurance companies, telecom firms, and others who hold or manage estate assets.
It acts like a shared digital workspace, reducing repeated paperwork and saving time for estate managers.
EstateXchange was started in 2023 by Sarah Poole and Marielle Yeoh. They have been friends since high school for over 30 years and later worked in banking and property before launching the company together.
“There’s genuine desire among organisations to enhance the way deceased estates and related claims are administered,” she said.
“Technology is a feature of the solution, but an ecosystem approach is what will ultimately deliver a step-change. We exist to take the complexity out of deceased estate administration.”
“Marielle and Sarah’s deep sector expertise and the team’s early execution made a strong impression on us,” she said.
“With clear early traction and a solution that solves an industry-wide pain point, we’re excited to back EstateXchange.”
Read More- Sukino raises $31 million in Series B round led by Bessemer Venture Partners
