Exciting news for New Zealand founded legal technology company LawVu, with the announcement last month that they successfully raised $USD13.5 million off the back of another consecutive year of 100% revenue growth. LawVu is a legaltech company that provides collaborative software to in-house counsel teams that enable them to work remotely (a very positive legal tech idea indeed!). The funding round was led by New York-based private equity firm Insight Partners and AirTree Ventures. To read more about this story, head to to https://lawvu.com/news/new-yorks-insight-airtree-double-down-on-lawvu/
Arguably one of Australia's most popular legaltech companies, Josef is well known for its no code platform that enables lawyers to build tools and processes for their law firm using natural language AI. Josef has taken it to the next level, and just launched ‘Josef Q’, an AI powered tool that transform policies and regulations into digital Q&A tools. Specifically designed for industries like legal, compliance, information security and HR, Josef Q empowers teams to deliver instant answers to questions about policies, compliance and regulations, and is a game changer for in-house teams around the world. Read more - https://joseflegal.com/blog/josef-la
Aussie legal tech startup, Nexl, has just secured $4 million for their 'no data entry' CRM software. Founded by former Head of Innovation at Gilbert & Tobin, Philipp Thurner, Nexl has undergone a complete transformation from its original concept of launching a ‘LinkedIn for lawyers’ style-platform. Launching a new CRM software in January 2021, the platform boasts a ’no data entry’ system which connects to a lawyers email account and automatically populates the CRM database with contacts and communications, enabling the user to keep track of their client relationships, simply, easily and conveniently. To learn more, head to https://www.afr.com/technology/linkedin-for-lawyers-failed-but-its-successor-is-in-the-mo
Robin AI has announced a $10.5 million funding round. Described as a ‘lawyer-in-the-loop’, the platform offers a free entry subscription that enables SMEs to automate manual contract tasks, plus an advanced offering that layers bespoke editing of mass volume of documents supported by their in-house legal team. Founded by former lawyer Richard Robinson, and combined with expertise in machine learning and data science knowledge from James Clough, the platform deploys the majority of its software to the US and provides services to SMEs, scale ups and corporations. Head here to read more - https://tech.eu/2023/02/27/robin-ai-scoops-105-million-for-its-lawyer-in-the-loop-generative-ai-model/
IdeaSpies
Madeline Cunningham