The Tauranga-based legaltech company LawVu has raised almost NZD20 million to add to its more modest round of fund raising last year and creating a growing social media partnership for the cloud-based legal software company.
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Last year New York-based venture capital group Insight Partners and AirTree provided $17 million for the company and have added to their investment with the additional cash.
Insight managing director Rachel Geller said that LawVu’s global growth “speaks volumes to its future as a business and ability to provide high-value outcomes to legal teams”.
The new injection of almost $20 million brings the start-up’s total funding to nearly NZ$45 million.
In a statement, LawVu said that the additional investment would be used to build out the team, enrich the platform, and enhance the customer experience.
Founder Sam Kidd has said that he plans for LawVu to become the type of success story that Pushpay and Xero have been in New Zealand and he appears now to be well on the way towards achieving his goal for the legal operations and matter management software tool.
LawVu has recently partnered with ‘new law’ Australian firm Law Squared to develop a new software platform for in-house legal teams, the focus of the LawVu application. The intention is to provide a service to permit greater efficiencies and integration within corporate law services.
And more significantly the company has integrated its service offering with Microsoft Teams, which has 270 million active monthly users and which will permit legal teams and those they work with to use the LawVu application without leaving the tools they are currently using.