Legatics Announces $5 Million Investment, With Plans to Expand to U.S. Market
The investment comes months after Legatics released Legatics 2, an expanded version of the legal transaction management platform with more flexible project management software.
August 15, 2023 at 12:01 AM
2 minute read
Private Equity and Venture Capital
U.K.-based legal transaction management platform Legatics announced on Tuesday it closed a £4 million financing round—approximately $5 million—from FINTOP Capital, including participation from existing investor Gresham House Ventures, a growth equity company.
Anthony Seale, CEO of Legatics, told Legaltech News that the company hopes to leverage the investment to help expand Legatics' reach into the U.S. market with the upcoming release of new features.
"The U.S. market is important to us. … We have clients that have offices all over the world, and they'll be using us in various places, including in the U.S. offices, but we haven't had a big drive into the U.S. in the same way that we have had outside of the U.S.," Seale explained. "So us going to [ILTACON 2023], taking this investment from a U.S. investor to understand the U.S. legal tech market, what it takes to be successful in the U.S., is a bit more of a step in that direction."
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