Bereavement admin service tipped as one of the UK’s hottest startups
The UK’s pioneering bereavement service Settld has won entry to the highly prestigious startup accelerator programme Techstars and is now tipped as one of the UK’s hottest startups.
The end-of-life admin startup, which received initial funding from the UK government’s innovation agency, Innovate UK, is one of 12 companies taking part in Techstars London over the next three months.
Settld’s CEO, Vicky Wilson, said: “The Techstars programme will play a massive role in helping us to bring the Settld service to more families across the UK and then scale internationally.
“Our participation will allow us to learn from some of the world’s best entrepreneurs and mentors, improve our pioneering bereavement notification service and grow quickly, enabling us to expand our portfolio of products to benefit bereaved families and individuals.
“We are extremely privileged to be among the handful of innovative and creative startups who were picked as part of Techstars London accelerator this year. We are raring to go.”
Launched earlier this year, Settld is a free service which allows professionals and members of the public to notify multiple companies of a death in one go – from banks and insurers to energy firms, mobile providers, subscription services and many more.
In addition to notifying service providers, Settld’s free online service also helps users close, transfer or amend accounts and obtain date of death balances for probate. All communication with service providers is handled by Settld and tracked on a dashboard which can be accessed at any time.
Eamonn Carey, Managing Director of Techstars London, said: “Techstars helps to nurture some of the best startups in the world, and Settld is certainly one of those. As someone who’s witnessed first hand the problem they’re solving, I love the fact that Settld’s free service is making life less stressful for bereaved families who are going through an incredibly tough time.”
To be selected for a Techstars accelerator, early-stage, industry-diverse startups undergo a rigorous vetting and analysis process, and less than 1% of startups that apply are accepted. Techstars accelerator graduates have gone on to raise significant funds, such as the recent IPO of Digital Ocean (NYSE:DOCN) and acquisitions of both Latch (NASDAQ:LTCH) and Owlet (NYSE:OWLT).
Settld raised more than £500,000 in its first seed funding round in May 2021, with early stage investment fund manager SFC Capital as lead investor.