NewGalexy Services Limited, a Glasgow, Scotland, UK-based onshore Legal Process Outsourcing (LPO) business, raised £221k in equity crowdfunding.
128 investors have acquired a total 22.1% stake in the company via Crowdcube.
The company intends to use the funds to build technology products and solutions as detailed in the attached business plan, launch its onshore document review practice, and continue sales and business development initiatives.
Founded by Robert Glennie, Sarvarth Misra, and Ricky McCracken, NewGalexy provides legal support services to in-house counsel of large international businesses and to partners in law firms.
It offers contract solutions, legal risk management, lease management, document review, and legal due diligence.