Doxly, an Indianapolis-based next-generation legal transaction management software platform, closed a $2.25M seed funding.
Backers included Nextlaw Labs through its investment fund, Nextlaw Ventures, High Alpha Capital and Hyde Park Venture Partners.
The company intends to use the funds to scale its technology platform and accelerate hiring in product development, engineering, sales and marketing.
Led by Haley Altman, co-founder and chief executive, Doxly provides a cloud-based software that accelerates diligence, closing and signature collection through automated workflows, intelligent diligence and closing checklists, document-level collaboration, transaction analytics and intelligent corporate practice management tools.
Launched earlier this year, the company’s platform is already being utilized in a number of cities and across multiple sectors, including the venture capital and legal industries. It will begin implementing its transaction management platform with Dentons as a customer in the coming months.