UK's Apperio Raises $7 Million, Eyeing Broader Functionality and US Expansion
David Eldridge, Apperio's non-executive chairman, said the company "will use the funding to further develop its product for corporate counsel and meet the growing demand for new functionality from law firms. Apperio will also accelerate its expansion to the U.S. market."
January 10, 2023 at 09:55 AM
2 minute read
Private Equity and Venture Capital
Legal tech investment is already off to a strong start in 2023. London-based Apperio, a provider of legal spend analytics and matter tracking software, announced on Tuesday that it raised a $7 million growth round of venture capital funding. This new funding round raises Apperio's total funding to date to $19.9 million.
According to a press release, Apperio "will use the funding to further develop its product for corporate counsel and meet the growing demand for new functionality from law firms. Apperio will also accelerate its expansion to the U.S. market."
"It's no secret venture funding has slowed across technology sectors," said David Eldridge, Apperio's non-executive chairman, in the press release. "That Apperio closed on funding with both new and existing investors, in this environment, speaks volumes to the company's unique position in the legal technology sector, the value the company is delivering to customers and the significant opportunities ahead."
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