LegalTech company LawVu has secured further investment to grow its platform\
Tauranga-based legaltech company LawVu has already raised around $NZ45 million from recent funding and has now raised an additional $19.5 million through its funding partners and investors AirTree Ventures and Insight Partners.
LawVu, with an intent to become a tech partner to in-house legal teams with the sort of success Xero and Pushpay have achieved.
“This additional support from our existing investors shows tremendous confidence in our traction, our team and our vision. It enables us to accelerate our international expansion, and meet the ever-growing needs of our customers in each region,” said Tim Boyne, chief product officer and co-founder of LawVu.
AirTree Ventures partner James Cameron explained that LawVu’s performance sealed the VC firm’s decision to support the legaltech company’s expansion.
“LawVu’s mission to streamline the legal environment is critical for in-house legal teams managing business complexities in a fast-paced world. When we’re lucky enough to have an inside view to see a company outperform in the way LawVu has, it’s an easy decision to double-down on our investment,” Cameron said.
AirTree Ventures and Insight Partners also led a similar Series A funding round last year that generated a $17m investment for LawVu.