LegalTech platform SeedLegals has reached a significant funding milestone, announcing it has closed over £1bn (1.25bn USD) in investments for its portfolio of startup customers.
Some of the most exciting disruptors including Qured, Oddbox and dating app Thursday have used SeedLegals to expedite their rapid growth.
This follows the recent launch of SeedLegals in Singapore and Hong Kong in April this year.
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 launched in the UK in 2016 and closed 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:
“When we started SeedLegals our goal was to help companies do a funding round faster and more reliably. But now we joke that our goal is to help companies not do a funding round. Instead of the existing 12-18 month go big or go bust fundraising cycle that founders dreaded, we’ve pioneered Agile Fundraising which has single-handedly transformed the way UK startups raise investment. SeedLegals customers now 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.”
Commenting on the recent launch of SeedLegals in Asia-Pacific, Hsiang Low, Head of Asia-Pacific at SeedLegals said “Asia-Pacific is one of the fastest-growing regions in the world for startups, with unprecedented untapped potential. The current legal landscape in Asia-Pacific however is slow, costly and confusing for startups, and ripe for disruption. We believe there’s a better way for startups and small businesses to access legal solutions, in a way that accelerates growth.”