{"id":42252,"date":"2023-10-20T15:19:52","date_gmt":"2023-10-20T15:19:52","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/sydney-startup-legalvision-closes-4-2-million-series-b-round-as-it-enters-a-new-growth-phase-startupsmart\/"},"modified":"2023-10-20T15:19:52","modified_gmt":"2023-10-20T15:19:52","slug":"sydney-startup-legalvision-closes-4-2-million-series-b-round-as-it-enters-a-new-growth-phase-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/sydney-startup-legalvision-closes-4-2-million-series-b-round-as-it-enters-a-new-growth-phase-startupsmart\/","title":{"rendered":"Sydney startup LegalVision closes $4.2 million Series B round as it enters a new growth phase – StartupSmart"},"content":{"rendered":"
Sydney-based legal startup LegalVision has closed a $4.2 million Series B round as it aims to expand its reach across all areas of Australia.<\/p>\n
LegalVision aims to bring an innovative tech approach to the legal industry, and also provides a legal resources platform for SMEs and other startups. It has now worked with more than 15,000 clients in the three years since launching.<\/p>\n
The Series B round was led by law firm Gilbert + Tobin and according to LegalVision founder and CEO Lachlan McKnight it\u2019s \u201call down to the team\u201d.<\/p>\n
\u201cRaising this round came down to the investors believing in our team and having the right people in place,\u201d McKnight tells StartupSmart<\/em>.<\/p>\n \u201cNothing happens without that. Raising capital isn\u2019t an end in and of itself, this is very much about the next stage in the journey of the company.\u201d<\/p>\n The capital injection will be used to grow a number of different facets of the business, McKnight says.<\/p>\n \u201cWe\u2019re a fast-growing tech-driven legal service startup so a big part of what we\u2019re looking to do is to continue to grow the team,\u201d he says.<\/p>\n \u201cWe want to accelerate a lot of the tech we\u2019re building and spend some on increasing our presence in regional and rural communities. There\u2019s a big opportunity with the online delivery of legal services in non-capital city regions.<\/p>\n \u201cIt\u2019s a bit of a mix but it\u2019s all going towards growth and technology.\u201d<\/p>\n McKnight says the startup has enjoyed significantly growth across the last year, with its team growing from 20 to 60 employees.<\/p>\n \u201cOur goal is 5% month-on-month growth,\u201d he says.<\/p>\n \u201cThat\u2019s what we\u2019ve been hitting and what we want to continue doing into the short, medium and long-term future.\u201d<\/p>\n