New York non-public fairness agency Perception Companions has as soon as once more backed New Zealand authorized tech startup LawVu in a $NZ20 million (A$18.4 million) prime as much as final 12 months’s Sequence A.
Sydney VC AirTree Ventures additionally as soon as once more chipped in, having invested in final August’s A$16.2 million Sequence A, in addition to a A$2.3 million pre-series A final Could. LawVu’s different buyers embody US-based Shasta Ventures and NZ Progress Capital Companions.
The startup, based in 2015, has now raised NZ$45 million and can look to lift a Sequence B in 2023.
It helps in-house authorized groups modernise their work movement for the digital age and has been centered on fast development within the US market.
The continuing funding from Perception Companions follows different latest massive investments in Australian and New Zealand startups. Final 12 months, the VC led a $140 million collection E in Employment Hero and in Could, led a $95 million spherical into Sydney unicorn SafetyCulture.
In April, Perception tipped all the US$172.5 million (A$222m) of the primary exterior capital for Brisbane software program startup Octopus Deploy.
The enterprise now has contracts with firms akin to Telstra, AMP, Linktree, Expedia, PwC and San Francisco tech firm Instacart, and now operates in additional than 30 international locations, together with Australia and the UK.
LawVu is a cloud-based platform constructed particularly for in-house authorized groups to supply them with the expertise instruments they want, managing contracts, paperwork, e-billing, outsourced work, and reporting from one cloud-based, safe and linked platform.
