Source: StartupDaily by Simon Thomsen
Legal industry collaboration platform Nexl has raised $6.6 million in a Series A as it looks to modernise business law. The round was co-led by Shearwater Capital and existing backer EVP. The business has now raised $10 million in 2023.
The all-in-one platform combines CRM with relationship intelligence, email marketing, and project management. It’s now being used by practices in Europe, the US and in Australia, including the nation’s top six law firms. The new capital will be used to expand in Nexl’s core market in the United States and for product development.
Nexl founder and CEO Philipp Thurner said Nexl set out to modernise law with collaboration tools.
“I am incredibly excited about the remarkable strides we’ve made, a reflection of the success of our clients who are the true innovators and bold leaders in the legal industry,” he said.
“They embrace our shared vision to modernise the business of law, enhancing the significance of business operations within their firms and democratising the power structure.”
Shearwater Capital cofounder Zac Zavos said: “All our customer research told us law firms wanted a relationship management platform that would work out-of-the-box and existing incumbent players didn’t meet this need for law firms. Nexl does this and their strong growth is a reflection of how well they address this problem.”
Read full article: https://www.startupdaily.net/topic/funding/business-law-legaltech-startup-nexl-apprehends-6-6-million-series-a/
