I’m delighted to announce Lexoo’s recent $4.4M Series A financing round led by leading venture capital investor Earlybird, with investment from Forward Partners and Ned Staple, General Counsel at Zoopla Property Group, among others.
It’s been an amazing journey so far. Since our launch four years ago, we’ve helped 3,000 businesses across the world hire lawyers from our carefully chosen panel of high-quality, low-overhead boutique law firms. Over the past 18 months, some of the biggest names across various industries have joined our client list, including UBS Asset Management, eBay, Ascential plc, VICE Media, Ocado, Monzo, Just Eat, Babylon Health, Secret Escapes, WorldRemit and ASOS. We also became the first non-law firm to be selected for a legal panel when we were appointed by Travelodge in 2017. We have since been appointed to the panels of numerous FTSE 250 firms.
Our platform now has more than 800 lawyers working through it, delivering exceptional work for clients around the world. Over the last year, we also passed an important milestone, by establishing a larger global footprint than any traditional law firm. We achieved this last month when we added lawyers in South Africa to advise a multinational client on the incorporation of a subsidiary, bringing our network to 55 countries.
These numbers are a real testament to the value we feel our model creates for both lawyers and businesses.
Our next chapter is an exciting one, as we deploy the funding we’ve secured to bolster our business development team, expand our workforce, and develop new technologies in-house to enable our lawyers to work more efficiently. Our team of ex-lawyers deeply understand the legal market and our clients’ pain-points, so we’re confident that we will bring real change to the industry.
I want to extend a huge thank you to the Lexoo team, our network of expert lawyers, and our forward-thinking clients for your support in reaching this key milestone. A special thanks to Earlybird Venture Capital for leading this round and for understanding our vision; your strategic insights and experience make you a natural partner for this next exciting stage of our growth.
We’re just getting started.
Daniel van Binsbergen
Co-Founder & CEO, Lexoo
What is Lexoo?
Our data-driven marketplace allows in-house lawyers to rapidly identify boutique firms from a global, trusted network. Our clients compare and hire lawyers who bid competitively for their work by submitting fixed fee quotes. This model means that our lawyers are incentivised to work as efficiently as possible, and our clients enjoy certainty and transparency on costs. Using our proprietary algorithm, we match our lawyers to the client and the job spec, eliminating the stress typically associated with finding and instructing an appropriate lawyer.