Member Article

London legal startup raises $400k

Legal startup Lexoo has raised $400k (£260k) in funding from startup catalyst Forward Partners and Jonathan McKay, chairman of JustGiving.

The London-based startup lets businesses get multiple fixed price quotes from hand-picked lawyers, saving businesses an average of 46% on legal fees.

Since launching in July 2014, Lexoo is growing quickly at 30% month on month user growth, with more than a 1,000 quotes generated through the platform so far.

Forward managing partner, Nic Brisbourne said: “We’ve been working with Lexoo from day one and are very excited about where they are headed. Their combination of better pricing and superior experience for customers is a potent weapon.”

CEO Daniel van Binsbergen said: “And that’s just the tip of the iceberg,

“On a global scale, legal startups attracted some $750M in funding over 2013/14. They’re aiming at a £716 billion global market – the opportunities are everywhere,”

This was posted in Bdaily's Members' News section by Ellen Forster .