LegalTech StructureFlow has raised £4.7 million in Series A funding to transform corporate diagrams into visual models of complex data.
The investment will enable the B2B SaaS platform to further leverage artificial intelligence to accelerate its product development and grow its international presence.
Visualising corporate structures and transactions is critical for busy legal and finance professionals trying to cut through the complexity of intricate corporate relationships. From the first mapping of J.P. Morgan’s structure in the early 20th Century to the recent dismantling of FTX’s collapsing crypto empire, structure charts have consistently served as integral tools to see the big picture, enabling teams to work through the legal, financial and regulatory detail to find the best outcomes for their clients.
Until now, creating these charts has been hugely painful and time consuming – involving an analogue ‘diagramming’ workflow that hasn’t changed in decades. Founded by Tim Follett, inspired by his experience at UK law firm Slaughter and May, StructureFlow entirely digitises the workflow, moving beyond simplistic diagramming and unlocking the power of visual working for 21st Century professionals.
By ingesting complex information like contracts, datasets and public records and automatically visualising the content, users can generate data-driven visual models in seconds that can be dynamically manipulated for the exact purposes of the project at hand – whether a corporate acquisition, debt restructuring or regulatory investigation.
The platform is now used by over 50 major legal and professional services firms worldwide. Its customers include prominent Am Law 100 firms Baker McKenzie, Bryan Cave Leighton Paisner and Norton Rose Fulbright, as well as British ‘Magic Circle’ firms Slaughter and May, A&O Shearman and Linklaters.
The Series A round was led by US-based FinTech fund FINTOP Capital, with follow-on investment from Venrex, part of Select Equity Group, a leading US asset management fund. StructureFlow previously raised £3m.
“As a former corporate lawyer, I experienced firsthand the power of visualisation in cutting through complexity,” said CEO Follett. “A picture really is worth a thousand words!
“Yet, creating these visuals was often deeply painful and frustrating, especially late at night, stressed, spending hours moving shapes and lines in PowerPoint. There had to be a better way, and I felt compelled to find it.
“Our mission is to unlock the power of visualisation, making it incredibly easy to generate visual content. With the advent of GenAI, there’s never been a better time to leverage this opportunity. Our goal is to transform how professionals communicate complex information, making it faster, more efficient, and far less stressful.”
Chris Haley, partner at FINTOP Capital, said: “Legal and professional services around the world are feeling the strain from decades of economic, technical and social upheaval and are crying out for change.
“As both a former lawyer and former operator of technology scale-ups myself, I was struck by the clarity of Tim’s vision for StructureFlow, and the quality of the team that he has built around him to deliver on the promise of cutting through complexity.
“Change is coming to this industry, and Tim and his team, with their deep expertise across legal, SaaS and legal tech, are extremely well placed to deliver it.”