Source: Business Live
Newport-based legal tech start-up Validient has secured a £300,000 equity investment to support its scale-up plans.
It second investment round has seen fresh backing of £200,000 from the Development Bank of Wales and £100,000 from Wesley Clover.
Validient was established by entrepreneurs Ieuan Leigh, Katie Turnbull, Thomas Elliott and Gareth Williams after graduating from the Alacrity Foundation graduate entrepreneurship programme in 2021 – at which point the business was incorporated.
Its chief executive Ieuan Leigh said: “As a legal technology business, we offer compliance management software that allows regulated businesses to save time and reduce costs with end-to-end compliance requirements.
“Validient enables regulated firms to replace their existing manual and often paper-based client risk assessments and compliance actions with an easy to use single platform. This enables legal teams to have clearer oversight of who they are doing business with, keeping the community safe from fraudsters and money launderers.
Hannah Mallen, assistant investment executive with the Development Bank of Wales said: “With a rapidly growing UK-wide client base, Validient streamlines the entire onboarding and engagement process for law firms. It improves internal processes and client facing processes thereby increasing efficiency and reducing cost.
Read full article: https://www.business-live.co.uk/technology/legal-tech-firm-validient-looking-28718635
