VXT Raises A$1.65 Million in Pre-Series A
VXT, a Christchurch, New Zealand-based lawtech startup, has raised A$1.65 million (NZ$1.8M) in a pre-Series A funding round.
VXT, a Christchurch, New Zealand-based lawtech startup, has raised A$1.65 million (NZ$1.8M) in a pre-Series A funding round.
Investors
The investment was led by existing investor GD1, with additional contributions from Startmate, Phase One, and Silicon Valley entrepreneur J Zac Stein, who previously served as the boss of Lattice.
GD1 is a venture capital firm based in Auckland, New Zealand. The firm focus is on investing in New Zealand-based technology companies raising from Seed through Series B capital, and then supporting them with a long-term follow-on capital allocation strategy.
VXT Use of Funds
The company will use the funds to further develop and scale VXT's AI-powered communications platform.
About VXT
VXT is a company that provides an AI-powered communications platform that integrates with practice management software such as Clio, MyCase, LEAP, and Smokeball to save time, capture more billable hours, and mitigate risks. It automatically creates and saves file notes from calls as well as SMS to contact or file, also recording time spent. The platform has handled more than 2.5 million calls since its launch, and currently has more than 200 legal teams using it.
Funding Details
Company: VXT Limited
Raised: A$1.65M
Round: Pre-Series A
Funding Month: April 2024
Lead Investors: GD1
Additional Investors: Startmate, Phase One, J Zac Stein
Company Website: https://www.vxt.co.nz/
Software Category: AI-powered Communications Platform
