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Legal tech startup Apperio seals £1.7m in seed funding

UK legal fee tracking platform Apperio has announced the closure of its £1.7m seed funding round.

The funding round for the London-based legal tech startup was led by Notion Capital, an investment firm who specialise in B2B Software as a Service (Saas) and cloud investments, along with participation from NextLaw Labs and IQ Capital.

Apperio is one the UK’s most talked about legal startups, following its graduation from tech accelerator Seedcamp in 2013, which has led to partnership with 17 of the UK’s top 100 law firms.

The tech startup provides legal firms fee tracking services and other analytics through its data dashboard that helps them operate more efficiently.

Founder and Chief Executive Officer of Apperio, Nicholas d’Adhemar, said: “This investment from such a fantastic syndicate really supports our mission to bring meaningful transparency to the legal industry.

“With the new funding we will be able to grow our core teams to further strengthen our products and support our clients.”

Ian Milbourn, partner at Notion Capital, added: “I am incredibly excited to be investing in Apperio. I have thought for some time now that the legal sector is ripe for disruption with the right technology and Apperio is well placed to spearhead this.

“The time has come for transparency in legal fees and law firms and their clients are recognizing this. In addition the analytics that the platform provides are invaluable and enable law firms to greatly improve their behavioral and financial performance.”