Start-up Legacio is growing and attacking the French online heritage market – Empresas

After launching in Brussels and Wallonia in 2020 and expanding to Flanders a year later, Brussels startup Legacio, which has developed an online platform specializing in succession, will now expand to France, it announced on Tuesday. It also acquired Morning Blue, another Belgian specialist in automated succession.

Legacio aims to simplify succession procedurestaking care in particular of all the procedures to be carried out in the event of death, with an average number of 110,000 a year in Belgium and more than a million if we add the Netherlands and France.

By 2022, it claims to have 800 customers annually. “And this is just the beginning”, says Boris de Vleeschouwer, founder and director of this ‘legaltech’. After doubling turnover in 2021 following the Covid crisis, the company aims to reach 15% of the Belgian market.

So it is quite logical that after expanding to Flanders in 2021, Legacio is now betting on the French market and its 650,000 annual deaths. For this, it will be able to count on a partnership with the international ERP software for funeral directors ENAOS in which Legacio will be an optional application for bereaved families, he explains. “There is currently no competitor, although this market is important and ‘deathtech’, the market for technologies related to death, is developing very strongly there”emphasizes Boris de Vleeschouwer.

The start-up, made up of IT specialists and lawyers, is also in advanced negotiations, in Belgium and France, with the main players in the sector. such as funeral directors, insurance companies and banks.

Redemption and Complementarity

A year after launching its activities in French-speaking Belgium, the model was already profitable and still is. Reinforced by this position, the start-up, made up of 7 people, has just acquired Morning Blue, a Belgian specialist in automated wealth management. and which employs 5 people. This will allow complementarity for more efficiency, speed and quality at a competitive price in the market, boasts the head of the common structure, which will continue its activity under the name of Legacio.

By the end of 2020, the company had closed a first round of financing with Belgian businessmen, of, among others, the funeral home and the e-commerce sector, allowing you to raise 125,000 euros. She now hopes to be able to complete, during 2023a new round of more substantial funding to support its growth and internationalization, first, therefore, for France and, no doubt, for the Netherlands.

Legacio also continues to develop its services. In addition to providing an online will service, it also intends to expand its offer in the “planning” section, namely around extrajudicial warrants, advance declarations (medical and funeral), digital end of life, etc. The goal, she summarizes, is to have a single point of contact to manage all end-of-life procedures.

Legacio aims to simplify succession procedures, namely taking care of all the procedures to be carried out in the event of death, with an average number of 110,000 per year in Belgium and more than one million if we add the Netherlands. Bas and France. By 2022, it claims to have 800 customers annually. “And this is just the beginning”, says Boris de Vleeschouwer, founder and director of this ‘legaltech’. After doubling turnover in 2021 following the Covid crisis, the company aims to reach 15% of the Belgian market. So it is quite logical that, after expanding to Flanders in 2021, Legacio is now betting on the French market and its 650,000 annual deaths. For this, it will be able to count on a partnership with the international ERP software for funeral directors ENAOS in which Legacio will be an optional application for bereaved families, he explains. “There is currently no competitor, although this market is important and ‘deathtech’, the market for technologies linked to death, is developing very strongly there”, emphasizes Boris de Vleeschouwer. The start-up, made up of IT specialists and lawyers, is also in advanced talks, in Belgium and France, with the main players in the sector, such as funeral homes, insurance companies and banks. activities in French-speaking Belgium, the model was already profitable and still is. Reinforced by this position, the start-up, made up of 7 people, has just acquired Morning Blue, a Belgian specialist in automated wealth management that employs 5 people. This will allow complementarity for more efficiency, speed and quality at a competitive price in the market, boasts the head of the common structure, which will continue its activity under the name of Legacio. At the end of 2020, the company had closed a first round of financing with Belgian entrepreneurs, among others, from the funeral sector and e-commerce, allowing it to raise 125 thousand euros. It now hopes to be able to conclude, in the course of 2023, a new round of more substantial funding to support its growth and internationalization, first, therefore, for France and, without a doubt, for the Netherlands. Legacio also continues to develop its services. In addition to providing an online will service, it also intends to expand its offer in the “planning” section, namely around extrajudicial warrants, advance declarations (medical and funeral), digital end of life, etc. The goal, she summarizes, is to have a single point of contact to manage all end-of-life procedures.

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