PocketLaw, a Stockholm, Sweden-based legal tech solution for businesses’ legal needs, raised £1.2M in seed funding.
- Christoffer Norman (former Investment Manager at VC firm Northzone, and founding member at ecommerce unicorn Avito),
- Ludvig Thureson (founding member at Avito),
- Adrian Brummer,
- Cristina Stenbeck (former Executive Chairman at Kinnevik),
- Susanna Campbell (Director at Kinnevik), and
- Johan Andersson (CEO of Mellby Gård).
The company, which has now raised £3M to-date, intends to use the funds to continue to grow its team and its business reach internationally following the UK launch.
Founded in 2018 by Kira Unger (CEO) and Olga Beck-Friis (COO), PocketLaw equips businesses- from fast-growing startups to multinational corporates- with a digital tool that can become their own in-house lawyer and solve legal challenges instantly, and at a fixed price. It helps companies both create and handle all contracts and legal matters in one place – covering everything from employment to corporate law and commercial agreements – while providing both a smart contract management system and direct access to lawyers on-demand.
The funding will allow PocketLaw to further scale in the UK, where it launched in June 2021 and is currently used by 100s of companies, including telehealth company Livi, e-scooter company Voi, and London’s Kingly Court restaurant Le Bab. Since the beginning of 2021, the company has increased its revenue by nearly 500% and doubled its team to 23. It has partnered with law firms including EBL Miller Rosenfalck and Fondia, digital accounting firm Bokio, co-working spaces such as Impact Hub and Epicenter.