Apperio, the provider of a real-time legal fee tracking platform, has secured £1.7m in seed funding.
The round, led by Notion Capital, also drew support from NextLaw Labs and IQ Capital.
Apperio CEO and founder Nicholas d’Adhemar, said: “This investment from such a fantastic syndicate really supports our mission to bring meaningful transparency to the legal industry. With the new funding we will be able to grow our core teams to further strengthen our products and support our clients.”
Now with 10 corporate clients, the startup claims that it has monitored over £20m in legal fees through its system.
Ian Milbourn, partner at Notion, commented: “I am incredibly excited to be investing in Apperio. I have thought for some time now that the legal sector is ripe for disruption with the right technology and Apperio is well placed to spearhead this.
“The time has come for transparency in legal fees and law firms and their clients are recognizing this. In addition the analytics that the platform provides are invaluable and enable law firms to greatly improve their behavioral and financial performance,” he concluded.