# Octowill

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/octowill

- Industry: Software
- Headquarters: Kuala Lumpur, Malaysia
- Total disclosed funding: $0.5M
- Latest round: Seed (Nov 1, 2020)
- Investors on record: 1

## About

Based in Malaysia, Octowill Sdn. Bhd. specializes in digital inheritance solutions, providing secure asset transfer services supported by blockchain technology. The company is committed to modernizing how individuals manage their inheritance plans.Founded in 2017 in Kuala Lumpur, Malaysia, Octowill Sdn. Bhd. focuses on digital inheritance services. The company has made three notable deals, with the most recent occurring on July 8, 2023, during its Seed funding round, raising USD 0.50 mn from LuneX Ventures. The founding team includes Octowill Inheritance and Sasidharan T. with Unknown Selva as the CEO.Octowill offers a comprehensive suite of digital inheritance services designed to facilitate the secure transferring of both traditional and digital assets through blockchain technology. The core offerings include online will writing, digital e-nomination of beneficiaries, and secure repository services for safeguarding personal information and asset details. With solutions such as the Octowill Proof of Life Engine and automated triggers, the platform ensures that asset delivery is timely and verified, thus addressing concerns surrounding illegal claims to estates. The target clientele comprises individuals seeking to organize their inheritance plans, spanning diverse geographical markets including Southeast Asia, the Middle East, and select regions in Europe. Octowill's robust technological foundation positions it as a leader in transforming inheritance services for a 21st-century audience.Revenue generation at Octowill is primarily driven by subscription-based models and direct-to-consumer transactions related to their digital inheritance services. In 2022, the company reported a revenue of USD 44,054.70 and an EBITDA of USD -105,514, indicating the financial dynamics while they expand their market reach. The platform's flagship services, such as the secure digital vault and automated beneficiary assignment features, form the backbone of its revenue stream, catering to a growing customer base focused on ensuring the secure transfer of assets posthumously.Looking ahead, Octowill plans to enhance their product offerings with upcoming features aimed at improving user experience. The company is strategically targeting expansions into new markets including additional regions in Southeast Asia and the Middle East by the end of 2024. The recent funding raised in July 2023 will be utilized to strengthen Octowill’s shareholding structure and build confidence among stakeholders, thus supporting their future growth initiatives.

## Funding rounds

- Seed, Nov 1, 2020, $0.5M — LuneX Ventures

## Investors

- LuneX Ventures (https://capitalatlas.ai/funds/lunex-ventures) — Seed