LONDON, 15th August 2023
Legatics, the legal project management platform that simplifies and automates legal processes, has closed a £4 million investment from FINTOP Capital including follow-on investment from current institutional investor, Gresham House Ventures. This latest financing round will fuel the company’s continued growth, including expansion plans for the US market.
Legatics was designed to tackle the obstacles that slow down the progress of legal transactions. It is a collaborative, dynamic workspace where transaction parties can see and upload key documents, keep track of their status, receive notifications of actions assigned to them, and communicate with each other. The software speaks the same language as lawyers and captures the nuanced ways in which legal transactions are run. It also acts as a single source of truth, mitigating risk by keeping everything in one place.
The platform is trusted by the world’s leading law firms, including many of the AmLaw 100, UK top 100 and Chambers Band 1 ranked law firms globally and has been used in over 60 countries. Notable customers include Allen & Overy, Dentons, Shearman & Sterling, BCLP, DLA Piper and Hogan Lovells.
The investment allows Legatics to build on its recent Legatics 2 release which introduced a host of new use cases and project management capabilities to the platform. New features in the pipeline include AI-powered signature packs – allowing lawyers to conveniently tag signature pages and extract them into downloadable ‘packs’ for parties and signatories. Legatics expects these features to be of particular interest to US firms, where signature pack management is a significant pain point.
Changes made since the investment include the addition of two new directors, Chris Haley and Mark Stroud. As the investor director for FINTOP Capital, Chris brings a wealth of experience, having practised as a US attorney, operated scaling software businesses as a CFO, COO and CEO, and guided software businesses growing in the US. Mark has operated extensively in the Private Equity space, has advised several software businesses, and led Bridgepoint’s successful investment in fellow legaltech firm BigHand. Chris and Mark will be supported by existing Board members Stuart Barr, former Chief Product and Strategy Officer at HighQ, and Legatics’ Chief Commercial Officer, Daniel Porus.
Discussing the investment and why Legatics chose to partner with FINTOP Capital, Anthony Seale, CEO of Legatics, said:
“From our first conversation, it was clear that the FINTOP team really understood the legal technology space. They are a team of former technology operators, including Rick Kushel the former CEO of DealCloud (which was acquired by Intapp in 2018). They are uniquely positioned to support us to execute on our next phase of growth, of which expansion into the US market is an important part.
With the additions of Mark and Chris, we’re confident we have a highly skilled Board that is passionate about freeing lawyers from the drudgery of deal administration with streamlined legal transactions. I can’t wait to work with them through this next phase of growth.”
Legatics was advised by Burges Salmon, FINTOP Capital was advised by Shoosmiths and Lowenstein Sandler, and Gresham House Ventures was advised by Marriott Harrison.
About FINTOP Capital
FINTOP Capital is a venture firm focused on early-stage, B2B fintech companies. With $700+ MM in committed capital across five funds, the team has decades of industry experience as entrepreneurs, operators, & investors. FINTOP partners invest in experienced founders and products changing the way financial institutions, businesses, and their customers interact with money.
For more information, see www.fintopcapital.com.
About Gresham House Ventures and Gresham House
Gresham House Ventures is a growth equity investor specialised in scaling businesses with business models driven by technology, customer insight or service excellence. Gresham House Ventures aims to work with ambitious management teams who want the support of a flexible long-term investor who brings capital, insight and expertise. The team has been working together for over 10 years and has made over 100 investments into growth businesses. Gresham House Asset Management is the FCA-authorised operating business of Gresham House plc, a London Stock Exchange-quoted specialist alternative asset manager. Gresham House is committed to operating responsibly and sustainably, taking the long view in delivering sustainable investment solutions.
For more information, see www.greshamhouseventures.com.
Legatics is a transaction management platform that enables law firms to collaborate and close deals in an interactive online environment, providing clarity, reducing risk and saving time. We are trusted by the world’s leading law firms, including many of the AmLaw 100, UK top 100 and Chambers Band 1 ranked law firms globally and have been used in over 60 countries.
For more information, see www.legatics.com.