Legal start-up Apperio granted £1.7m seed funding
London-based legal fee tracking platform will use investment to grow its team and develop its product
Apperio, a legal fee tracking platform, has announced the completion of a £1.7m seed funding round led by Notion Capital, with participation from NextLaw Labs and IQ Capital.
London-based Apperio provides law firms and businesses with tools to price track and assess legal matters with transparency and help improve operational efficiency through its analytics dashboard.
Since launch, the start-up claims to have formed partnerships with 17 of the UK’s top 100 law firms and has monitored more than £20m in legal fees through its platform.
Apperio previously secured seed funding from a number of high profile angels when it graduated from Seedcamp (then a tech accelerator now a seed fund) in 2013, as well as an additional $500,000 in 2014.
Nicholas d’Adhemar, Apperio CEO and founder, 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 said: “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.”