Divorce services startup Amicable raises over £470,000
Amicable, a platform which seeks to make it easier and cheaper for couples to divorce, has raised £473,260.
The startup, co-founded by investor and entrepreneur Pip Wilson, received the support of various business angels including Richard Stone and Tom Welch from Stone Welch Capital.
Wilson, who set up the venture alongside Kate Daly, said the investment will be used to continue developing the platform and to expand customer reach.
She added: “Our vision is to change the way the world divorces and to provide a lawyer-free solution that helps customers though the emotional journey of separation and family breakdown.
“We are delighted to have closed our second funding round with an inspiring group of angel investors who understand the social purpose of amicable and who can help us drive the business to the next level. With the addition of QVentures’ impressive network we were able to close the round quicker and get back to focusing on the business.
“Having already helped hundreds of couples through their divorce we are excited to be able to expand the business further and to continue to make a difference in fixing the broken divorce model.”
Robert Walsh, managing partner of QVentures, which helped connect Amicable with a wide range of angel investors, said: “Amicable was a really exciting proposition for our investors, who were keen to fund an innovative and tech-driven solution for a genuine social problem. Family breakdown affects over 200,000 people in the UK every year, and amicable offers a smart and communication-focused way for couples to achieve more positive outcomes.
“The founding team of Pip and Kate were a big part of the group’s decision to invest. Pip is an experienced entrepreneur, who we knew well as she is a QVentures member, and who has a track record of using technology to solve problems. On top of this, Kate’s expertise in the divorce and family counselling space meant that the two of them together felt like the perfect team to make amicable a success,” concluded Walsh.
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