Lexoo, a London, UK-based curated legal marketplace, raised $4.4M in Series A funding.
The round was led by Earlybird, with participation from Forward Partners and Ned Staple, General Counsel at Zoopla Property Group, among others.
The company intends to use the funds to bolster its business development team, expand the workforce, and develop new technologies in-house to enable its lawyers to work more efficiently.
Led by Daniel van Binsbergen, Co-Founder & CEO, Lexoo is a data-driven marketplace that allows in-house lawyers to identify boutique firms from a global network. Its clients compare and hire lawyers who bid competitively for their work by submitting fixed fee quotes. Using its proprietary algorithm, the platform match lawyers to the client and the job spec, eliminating the issue associated with finding and instructing an appropriate lawyer.
Since launching four years ago, the company has serves 3,000 businesses across the world to hire lawyers from a panel of low-overhead boutique law firms.
The client list includes UBS Asset Management, eBay, Ascential plc, VICE Media, Ocado, Monzo, Just Eat, Babylon Health, Secret Escapes, WorldRemit and ASOS.