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Legal Tech Scale-Up Apperio Raises $7 Million Growth Round

Jan 10, 2023almost 3 years ago

Amount Raised

$7 Million

LondonLegal TechLegalSaasSoftwareAnalytics

Investors

Hambro PerksVolutionNextlaw VenturesIq CapitalNotion CapitalMolten Ventures

Description

Provider of Legal Spend Management Software Will Broaden Functionality for Corporate Counsel, Meet Growing Product Needs from Law Firms and Accelerate U.S. Expansion

Company Information

Company

Apperio

Location

Info@Apperiocom

London, Ontario, Canada

About

Apperio’s legal spend management software provides analytics and real-time visibility on external legal matters. This empowers in-house counsel to control and optimize their spend with law firms, ahead of the invoice. Rather than accumulating legal bills, Apperio works by aggregating data directly from the sources of truth – law firms’ time recording systems. As a result, a greater level of granularity and analysis is possible – weeks before an invoice is received. In-house teams can therefore work proactively with this data and gain confidence from an accurate picture of their spending. In turn, such insights can also improve the forecasting, budgeting and efficiency of the legal department. Currently, Apperio is used daily by more than 60 in-house legal teams including Epiris, EQT, Network Rail, Royal London and Cornerstone. Apperio is based in London, England. For more information, please visit Apperio.com or follow Apperio on LinkedIn or Twitter. Media Contact: Frank Strong for Apperio, Ltd. +1 202-352-5920 media@apperio.com

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers