LegalTech platform SeedLegals has reached a significant funding milestone, announcing it has closed over €1.17bn in investments for companies.
Some of the most exciting disruptors including Qured, Oddbox and dating app Thursday have used SeedLegals to expedite their rapid growth.
Powering thousands of funding rounds, SeedLegals has identified various trends across the startup ecosystem such as:
– In 2021, companies focused on improving information sharing and communication raised over five times more than the next-highest grossing sector (retail).
– Of the startups that raised funding, 28% had at least one female founder, and 12% were led by an all-female team.
– The average age of founders in the most investable industries differed by sector. Overall, female founders were an average age of 45, male founders averaged 38 years old.
SeedLegals, which closes more UK investment rounds than any other company or law firm, has worked with over 35,000 UK companies and investors since it was launched in 2016 to transform the way they start, grow and scale.
Co-founded by Anthony Rose, the man behind BBC’s iPlayer, and serial entrepreneur Laurent Laffy, SeedLegals automates the legals startups and small businesses need from funding to option schemes, contracts and R&D tax credits.
The company employs over 150 people, operating across the UK, Ireland, France, Singapore and Hong Kong, making a future of borderless legals a real possibility.
On the £1bn investment milestone, co-founder Anthony Rose said:
“From the day we started operating our mission has been to remove the complexity and bureaucracy from raising funds and scaling for businesses. By equipping our customers with essential legal knowledge, simplifying the creation of business-critical assets, from founders agreements to cap tables to term sheets, I believe we’re achieving that and the billion pounds raised to date is testimony to it.
“With a thriving start-up ecosystem and a reputation as a leading global technology hub, Ireland represents a key strategic market for SeedLegals. With our platform, companies are no longer restricted by the traditional go-big or go-bust fundraising cycle. Instead they can raise as much before and after a funding round as in a funding round, allowing them to grow faster, give away less equity, and raise investment as needed.”
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