LawVu The Tauranga, New Zealand-based cloud-based platform company announced today that it has raised $17 Million NZD ($11.9 Million) Series A funding.
The round was led by Insight Partners, the venture firm known for its ScaleUp program for growth-stage startups, with participation from returning investor AirTree Ventures.
The company plans to hire key leadership roles in the U.S. for its global go-to-market strategy and open U.S. offices as it continues developing LawVu’s technology.
Company: LawVu Limited
Raised: $17.0M NZD ($11.9M)
Round: Series A
Funding Month: August 2021
Lead Investor: Insight Partners
Additional Investors: Airtree Ventures
Company Website: https://lawvu.com
Software Category: a cloud-based platform
About the Company: LawVu was founded in 2015 by Boyne, who spent over a decade working in IT and operations at law firms, and Sam Kidd, a SaaS project management expert. Since LawVu was designed for distributed teams and remote workers, adoption increased dramatically in 2020 during the COVID-19 pandemic. LawVu’s annual recurring revenue tripled in 2020 and is continuing to grow. While it has users in 30 countries, about two-thirds of its recurring revenue now comes from the United States and Australia, with clients like Telstra, AMP, Linktree, Expedia, PwC and Instacart. The company plans to hire key leadership roles in the U.S. for its global go-to-market strategy and open U.S. offices as it continues developing LawVu’s technology. LawVu is used by in-house legal teams ranging from one person to more than 300. Its fastest adoption is coming from teams of five to 500 legal professionals.