3 years ago
PocketLaw Raises €10 Million to Help Businesses Handle Legal Work
PocketLaw, a UK and Sweden-based SaaS platform that helps businesses manage legal work, has secured €10 million in Series A funding
The round was led by Atomico, with participation from prominent founders and operators like Personio co-founder Hanno Renner and COO Jonas Rieke, Pitch founder Christian Reber, Pleo co-founder Jeppe Rindom, Gloria Baeuerlein, and dbt Labs board member and former Gainsight COO, Allison Pickens
Existing investors of PocketLaw, including Kinnevik’s Cristina Stenbeck and Susanna Campbell, also participated
With this investment, PocketLaw's total funding raised is €14 million
Atomico Partner Ben Blume joined the PocketLaw board.
ProblemTechnology
"Businesses are overwhelmed by legal requirements, which can be a major obstacle for growth, and is particularly problematic for startups, which often lack the resources to manage their legal needs effectively. It is estimated that nearly £9 billion of unmet legal needs exist among UK SMEs and the overall annual financial impact due to legal issues is estimated to be over $50 billion in the UK."
Solution
"PocketLaw is a SaaS platform that makes it easier for businesses to handle legal work by providing them with a suite of tools and resources that can be used to create contracts, manage legal discovery, and navigate complex legal requirements. PocketLaw also helps businesses save time and money by automating many of the tasks that are traditionally handled by lawyers."
