B2B SaaS startup Legl has bagged $7M in Series A funding led by Octopus Ventures for its platform for law firms which offers tools to streamline core business processes such as customer onboarding, due diligence and payments.
Existing investors Backed, Samaipata and First Round Capital, and angels including Carlos Gonzalez-Cadenas (ex CPO and COO GoCardless), Al Giles (ex CRO of legal business Axiom) and Hayden Brown (CEO of Upwork), also participated in the round.
The UK startup was founded just over a year ago by Julia Salasky, a lawyer by background, who previously founded the public interest legal crowdsourcing campaign platform, CrowdJustice.
Legl says it’s now working with around 100 UK-based law firms, including around a dozen of the top 200. The Series A will be used to expand Legl’s team and grow its UK user base as well as for further development of the product.
Salasky tells TechCrunch she spotted the opportunity to build a platform to help law firms digitize their business processes through the experience of working with law firms at CrowdJustice.
“There have been a few big shifts toward digital [in the legal sector], which we were able to first spot through our work with hundreds of law firms at CrowdJustice. One is the growing expectation of clients, both individuals and businesses, that they should have a good, digital experience as they do with the other service providers they interact with,” she says, discussing the opportunity she saw to help law firms digitise business processes.
“The second (Read more...)