LawBit Ltd, a London, UK-based online legal service which provides simple contracts for small companies, raised £398k in equity crowdfunding.
163 backers acquired a 22.6% stake in the company via CrowdCube.
Founded by Clive Rich, a barrister with 30 years legal and digital experience, LawBit provides agreements written in plain English with no legal jargon. The company’s software enables users to search, create, edit, share and store documents in real-time, with no need to wait for email, attachments, re-drafts or meetings.
Documentation and advice are provided by qualified, regulated and insured lawyers.