LegalTech platform SeedLegals has today reached a significant funding milestone, announcing it has closed over £1bn in investments for UK companies.
Some of the country’s most exciting disruptors including Qured, Oddbox and dating app Thursday have used SeedLegals to expedite their rapid growth.
Powering thousands of funding rounds, SeedLegals has identified various trends across the startup ecosystem such as:
- In 2021, companies focused on improving information sharing and communication raised over five times more than the next-highest grossing sector (retail).
- Of the startups that raised funding, 28% had at least one female founder, and 12% were led by an all-female team.
- The average age of founders in the most investable industries differed by sector. Overall, female founders were an average age of 45, male founders averaged 38 years old.
SeedLegals, which closes more UK investment rounds than any other company or law firm, has worked with over 35,000 UK companies and investors since it was launched in 2016 to transform the way they start, grow and scale.
Co-founded by Anthony Rose, the man behind BBC’s iPlayer, and serial entrepreneur Laurent Laffy, SeedLegals automates the legals startups and small businesses need from funding to option schemes, contracts and R&D tax credits.
The company employs over 150 people, operating across the UK, Ireland, France, Singapore and Hong Kong, making a future of boardless legals a real possibility.
On the £1bn investment milestone, co-founder Anthony Rose said:
“When we started SeedLegals our goal was to help companies do a funding round faster and more reliably. But now we joke that our goal is to help companies not do a funding round. Instead of the existing 12-18 month go big or go bust fundraising cycle that founders dreaded, we’ve pioneered Agile Fundraising which has single-handedly transformed the way UK startups raise investment. SeedLegals customers now raise as much before and after a funding round as in a funding round, allowing them to grow faster, give away less equity, and raise investment as needed.”
“SeedLegals is also the #1 provider of EMI Option Schemes in the UK, we help companies get back their R&D cashbacks, and our Team feature helps companies easily hire people and manage their teams. And lots more coming soon.”