A London LegalTech has raised £5 million funding to ‘revolutionise’ how law firms work.
Legl’s Series A funding round was led by Octopus Ventures, with participation from existing investors Backed, Samaipata and First Round Capital, as well as angel investors.
Founded in 2019, the start-up’s B2B SaaS platform enables law firms to run operations digitally.
The funding will be used to begin international expansion.
“Most legal technology focuses on the practice of law,” said CEO and founder Julia Salasky.
“We’re focused on the operations of law – how do law firms, as unique, regulated businesses, run their business better and deliver a better client experience.
“We saw that there was a huge opportunity to improve client experience, onboarding, KYC and payment in a streamlined, beautiful way that also delivers a lot of business insight to the firm.
“There’s a huge opportunity here to reduce the friction that happens for law firm clients and create a better business of law.”
Zoe Chambers, early stage investor at Octopus Ventures, said: “It’s rare to find a founder and team with such insider knowledge to tackle a big industry that has started to adopt technology quickly.
“Covid has accelerated the move to digital in the legal industry, and Julia and team, with deep expertise across legal, SaaS and fintech, are in prime position to win the market.”