Nexl, a Sydney, Australia–based AI-driven growth platform for law firms, has raised $23 million in a Series B round.
Investors
The round was led by Tidemark Capital, founded by Dave Yuan, with participation from existing backers.
Tidemark is a growth equity firm purpose-built to help companies win and scale. Based in Menlo Park, California, Tidemark is powered by a community of investors, entrepreneurs, and operators. They invest in companies at the intersection of technology, consumer behavior, and business models, with a strong emphasis on vertical SaaS. The firm gives 10% of its profits to its foundation, Tidemark10, to support the communities it serves.
Nexl Use of Funds
The company will use the funds to accelerate development of its AI-powered growth platform, advance its acquisition strategy, and strengthen its leadership team as it scales globally.
About Nexl
Led by CEO Philipp Thurner, Nexl is an AI-powered growth platform for law firms, designed to unite lawyers, marketing, and business development teams into a single, firm-wide growth engine. It seamlessly integrates relationship intelligence, revenue insights, and market data into one platform, empowering every lawyer to contribute to growth while elevating marketing and BD as strategic partners across the firm. Founded in 2018, Nexl serves over 150 law firms worldwide, including several AmLaw 100 firms.
Funding Details
Company: Nexl Pty Ltd
Raised: $23.0M
Round: Series B
Funding Date: October 2025
Lead Investor: Tidemark Capital
Additional Investors: Existing investors
Company Website: https://nexl.cloud/
Software Category: LegalTech / AI CRM for Law Firms
Source: https://www.businesswire.com/news/home/20251008092790/en