Legal tech startup Farillio nabs £650,000 in Angel funding
Farillio, the legal tech platform seeking to make legal services more accessible and engaging for small businesses, has raised angel investment of £650,000.
This second tranche of funding was led by Lord Stanley Fink, who contributed £500,000 in total.
Farillio was founded by former lawyer Merlie Calvert in March 2017.
This latest funding round brings the total amount raised by the business to just over £1m.
The investment will be directed towards growing the team of seven, based in London’s TechHub.
Calvert commented on the news: “When you’re running a business and legal crops up, you often don’t know where to go, what to expect, who to trust and what it’s going to cost. Sometimes you don’t even know when the law is relevant to you. Farillio cuts through that anxiety and bewilderment to make sorting your legal needs a positive and empowering experience.”
“This round is all about growing the team so we can stay ahead of our customers’ needs and aspirations. Like many startups, what we create is original, from code to content, which makes people our biggest investment.”
Farillio says it’s looking to forge a range of strategic partnerships over the coming months.
Lord Stanley Fink noted: “Legal tech is an exciting sector right now and we’re seeing innovative startups like Farillio leading this disruption within a traditionally slow, risk-averse industry. As an investor, I know too well how legal processes can inhibit SMEs from flourishing.
“Farillio is on a mission to take these pain points out of the business journey and the opportunity for Merlie and her team is huge. I’m delighted to support them in this next round and, I hope, beyond.”