Divorcemate creator Mark Harris also participated in the financing.
Legaltech firm eState Planner has secured $1 million in seed funding from Hubdoc co-founders Jamie McDonald and Jamie Shulman, Divorcemate Software creator Mark Harris, and Wittington Investments’ family office Managing Director Owen Duckman.
eState Planner claims a customer base of 400 law firms and partners across Canada.
As the brainchild of lawyers Ian Hull and Jordan Atin, Toronto-based eState Planner was created in 2019 after Atin saw the lack of innovation in his practice area first-hand.
“There we were, helping clients plan the most important document of their life, scribbling on paper, white boards, and whatever else we could put our hands on to clearly outline what their estate plan looked like,” wrote Atin in a blog post. “Not to mention the hours of administration, document generation, revisions, and more. This is where the idea of eState Planner was born.”
eState Planner’s software uses algorithms to visually plan estates for customers to understand what’s included in their will without needing to read legal jargon. The company says its client data is kept secure using best standards encryption and stored in Canada.
The startup’s tech was initially built as an internal tool to service the needs of Hull and Atin’s own estate practice, Hull & Hull LLP. Now, eState Planner claims a customer base of 400 law firms and partners across Canada.
Other Canadian legaltech firms that operate in the estate planning space have also recently secured funding to fuel their growth.
Toronto-based Willful entered the Dragons’ Den last June and revealed in December that it raised $750,000 CAD from notable angel investors, family offices, and strategic investors.
RELATED: Willful lands Dragon Michele Romanow in new $750,000 round
ClearEstate, which uses a model that combines human support and SaaS to offer estate settlement services, closed a $16.8 million Series A funding round to support its expansion in the United States and to expand its team.
With its new capital, eState Planner intends to expand its workforce and is looking to fill its marketing lead and senior .Net backend developer positions.
Feature image from Romain Dancre via Unsplash.