The digital transformation of legacy businesses and sectors was greatly accelerated by the COVID-19 pandemic. Law and legal firms are no exceptions and the legal-tech startup PocketLaw is banking on this increased need for digital services. It reported revenue increase by a notable 500%, since the beginning of this year, and it has now announced raising £1.2M in its latest seed funding round.
UK-focus to scale up
The latest funding round for the Nordic firm was led by some notable investors. The list includes Christoffer Norman (former Investment Manager at VC firm Northzone, and founding member at eCommerce unicorn Avito), Ludvig Thureson (founding member at Avito), and investor Adrian Brummer. The startups’ existing investors Cristina Stenbeck (former Executive Chairman at Kinnevik), Susanna Campbell (Director at Kinnevik) and Johan Andersson (CEO of Mellby Gård) also backed the funding.
In a conversation with UKTN, the Swedish company’s co-founder and CEO Kira Unger sheds more light on how the latest funding will be utilised. The startup will focus on scaling up further in the UK, where it commenced its operations in June this year. Additionally, it aims to expand its services in more markets worldwide while adding new members to its senior team. ...