Nexl, a Sydney, Australia-based no-data-entry, next-generation CRM and Revenue Operations platform, announced that it raised $4 million in funding.
The investment was from Australian-based B2B venture capital firm EVP and follow-on participation from Vulpes and Saniel Ventures.
With this funding, Nexl will accelerate the development of its core product, increase acquisition efforts in major markets, and attract industry talent to build out its fast-developing ecosystem for partners and clients alike.
“Relationships are everything in professional services, yet the management of these relationships usually relies on decentralised and largely disorganised communication and information-sharing practices. Management and growth teams within law firms will generally have very little visibility as to the strength of individual client relationships and the context behind each.” Philipp Thurner, Founder and CEO of Nexl
Nexl provides a no-data-entry, CRM, and Revenue Operations platform which works by actively capturing important relationship data points across firms (without data-entry) and then passively mapping all relationships and interactions between firm members, prospects, and clients on an ongoing basis.
Several prominent law firms are using Nexl’s platform to drive growth and improve client outcomes; firms include Eversheds, Wiersholm, Dentons, Bartier Perry, Polsinelli, and Al Tamimi.
Launched its platform only 18 months ago, today the company has staff across six continents and is used by over 100+ law firms in 37 countries.
Company: Nexl Pty Ltd
Funding Month: March 2023
Lead Investors: EVP
Additional Investors: Vulpes and Saniel Ventures
Company Website: https://nexl.cloud/
Software Category: Law Practice Management Software
About the Company: Founded by Philipp Thurner, Nexl is an all-in-one, no-data-entry CRM+ERM, client intelligence, and collaboration platform that helps you turn relationships into revenue. Nexl had the goal of developing a fit-for-market relationship platform that functions in environments where client acquisition activity is passive, unstructured, and entirely relationship dependent. With its no-data-entry, next-generation CRM, and Revenue Operations platform, Nexl is changing the way law firms connect in a deeper way than ever before possible to stay competitive and meet client expectations while working in a collaborative environment as one firm.