London-based legaltech StructureFlow has raised $6 million in Series A funding to further develop its product and grow its international presence. The investment was backed by FINTOP Capital and Venrex.
- Founded in 2018 by Tim Follett, StructureFlow develops a platform that aids legal, finance, and corporate teams in creating professional, data-rich structure diagrams. It uses artificial intelligence and flexible drawing tools to visualize complex corporate information, enabling users to generate data-driven models for specific projects.
- To date, StructureFlow employs a team of 25 across 5 countries, and its platform is used by global legal and professional services firms, including Am Law 100 firms Baker McKenzie, Bryan Cave Leighton Paisner, Norton Rose Fulbright, Slaughter and May, A&O Shearman, and Linklaters.
Details of the deal
- The funding round was backed by Nashville-based FINTOP Capital, a venture capital firm with over $700 million committed to early-stage FinTech companies, and Venrex, a UK-based investment management firm that funds tech startups.
“Legal and professional services around the world are feeling the strain from decades of economic, technical, and social upheaval and are crying out for change. As both a former attorney and a former operator of technology scale-ups myself, I was struck by the clarity of Tim’s vision for StructureFlow and the quality of the team that he has built around him to deliver on the promise of cutting through complexity. Change is coming to this industry, and Tim and his team, with their deep expertise across legal, SaaS and legal tech, are extremely well placed to deliver it,” Partner at FINTOP Capital, Chris Haley, commented.
- With the recent funding, StructureFlow plans to use artificial intelligence to expand its international presence and meet booming global demand.
