amicable raises £488,000 to enhance its digital platform, making the experience of divorce and separation kinder, cheaper, and simpler for couples and children
LegalTech company, amicable gets backing from investors for its lawyer-free online divorce and separation services.
London, United Kingdom – amicable is a multi-award-winning company, which offers lawyer-free online divorce and separation services, and has successfully secured £488,000 of growth capital from existing and new angel investors. amicable co-founders, Kate Daly and Pip Wilson secured the resources necessary to address this painful and important problem with advisory support from ClearlySo who also introduced a number of new angel investors into the round.
ClearlySo advised the company on the investment round and is delighted to have assisted amicable and its co-founders, Kate Daly and Pip Wilson, to secure the resources necessary to address this painful and important problem.
Each and every year thousands of couples in Britain, for one reason or another, find it necessary to end their relationship. This is nearly always a traumatic and emotional experience—one which can result in significant financial cost and cause pain and suffering to the couple and especially for the children involved. amicable is revolutionising the way people separate by uniquely providing services for couples that focus on a better outcome for the whole family and help parents transition to being co-parents. Due to COVID-19 and the resultant lockdown, the need for their services has never been greater with enquiries increasing by 200% just in the last month.
The inspiration for this business comes from the founders, who started the company after Kate’s traumatic and expensive divorce. The cost and the emotional damage of involving lawyers was a huge shock.
Matias Wibowo, who managed the transaction for ClearlySo, commented that, “amicable is addressing a market that is crying out for an innovative and disruptive approach. Not only is the market seeking a more cost-effective solution, but it also requires a better outcome for families and children involved. Our investors see the value, in terms of both financial and social returns from tackling this systemic problem. That’s why they got involved in amicable and why I was so keen to work with them”.
Notes to Editors
amicable exists to help separating couples achieve better outcomes for their families. The company uses technology to help couples divorce faster, providing tools and support to achieve fairer outcomes. amicable removes lawyers from the divorce process and improves the human experience and as a result, reducing the cost to the individual, families and society as a whole.
ClearlySo is Europe’s leading impact investment bank, working exclusively with enterprises and funds delivering positive social, ethical, and/or environmental impact as well as financial return.
Originally founded in 2008, ClearlySo has helped more than 150 clients with advisory and capital raising services—raising more than £280 million in impact investment from its extensive network of high-net-worth individual, family office and institutional investors.
ClearlySo is headquartered in London.