Legal tech platform Legatics has secured £4m in an investment round to develop new features for its transaction management platform and to expand into the US.
Founded in 2015, Legatics was designed by lawyers who wanted to streamline the legacy working methods of the sector.
The Legatics platform is a digital hub in which lawyers can manage all of their legal transactions. It provides tools that include checklists for legal conditions, tracking of issues for legal transactions and step-by-step plan creation.
The company counts notable law firms – including Allen & Overy, Dentons and Shearman & Sterling – among its clients.
The latest round was led by FINTOP Capital and featured participation from Gresham House Ventures, which previously invested £3m into Legatics in 2021.
“The Legatics team has revolutionised the sector, removing legacy hurdles to help countless leading law firms and professionals quickly adapt to the changing demands of the legal market,” said Joe Krancki, investment director at Gresham House Ventures.
“We have been impressed with Legatics’ continued growth in recent years, and we look forward to working closely with the business over the coming years to support its ongoing expansion into the US market.”
Backed by new funding, the startup plans to add new features to Legatics 2, which launched earlier this year.