Source: MIL-OSI Submissions
Capital investment to the tune of nearly $4 million will enable one of New Zealand’s most successful legal tech start-ups to further grow its overseas business.
LawVu recently secured a $3.65 million investment, the round led by high-profile international Kiwi businessman and philanthropist Kent Gardner*, as well as investment from Icehouse Ventures.
This capital injection will enable LawVu to leverage business opportunities in overseas markets, including Australia and the US, where it is in the process of setting up offices.
LawVu is a cloud-based software platform for managing the way corporate legal teams work: everything from triaging inbound requests to managing contracts and to collaborating with outside counsel on complex projects. The software allows in-house legal teams to more effectively manage their operations, which in turn provides key insights and data.
LawVu co-founder and CEO Sam Kidd explains the huge potential for LawVu.
“The corporate legal market is worth US$160 billion in the US alone. Amazingly, Legal is the last significant function in the enterprise without a dedicated platform for managing their work, which is not only inefficient but risky, and it can become costly not to have better systems.
“LawVu is now filling this gap and enabling corporate legal teams to get better visibility across the enterprise, as well as providing metrics and reports that previously they were unable to produce.”