App4Legal secures Pre-Series A funding round
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App4Legal, a Dubai-based emerging legal-tech entity providing complete legal practice management solutions to law firms and legal teams within organizations, has announced a Pre-Series A funding round, from Hong Kong-based Betatron Venture Group (Betatron) and Dubai Angel Investors (DAI).
App4Legal is a legal-tech software editor, providing a comprehensive legal practice management solution for all legal practitioners in any industry and available on both Cloud/Private SaaS & On-premises with modular features that answer the needs of the entire legal market of in-house legal teams and law firms.
This investment adds to another incredible year of exponential growth for App4Legal in its client portfolio, serving over 1400 respected organizations including Banks, Telcos, Airlines, and a diverse range of law firms across all industries in 67+ countries.
Betatron is a venture capital fund and business accelerator that invests in scalable tech companies, supporting the rapidly growing ecosystem of new markets. The investment by Betatron follows App4Legal’s selection as one of only nine companies from over 2,500 global applications.
Matthias Knobloch, Managing Partner & CEO at Betatron said, "Our selection process is highly competitive, the companies we invest in have strong traction, are growing quickly, and are led by a team which is ready to take the business to the next level and scale across several markets."
Furthermore, DAI is the MENA region's premier globally-focused Seed and Series A micro-VC composed of experienced and passionate angel investors and partners in VC Funds, to executives of successful companies across the region.
Abdullah Mutawi, Co-Founder & Chairman at DAI, said, "We are really excited about our investment in App4Legal and the opportunity to work with Feras and his team on addressing a major pain point in the legal industry. While App4Legal’s relevance has only increased with COVID-19 and the new work-from-home reality that many lawyers are living, App4Legal’s product suite serves as a boost to both private and in-house legal practices currently suffering from a highly fragmented legal tech ecosystem.
"In addition to the innovative product suite solving real problems faced by lawyers, what really stands out with Feras and App4Legal is a solid and proven go-to-market and customer acquisition and retention strategy. DAI’s strategy of deploying our money into companies that will achieve capital-efficient scale and whose product is relevant on a global stage is very well served with this investment."
Looking forward to future milestones, Feras El Hajjar, Founder and CEO of App4Legal concluded, "We are appreciative of Betatron and DAI’s trust and confidence in App4Legal’s dynamic management solution and growth plans. With every step App4Legal takes, it keeps three things in mind. Practicing with constant innovation, gaining the trust of our clients, and transforming the narrative associated with the legal industry. We want to elevate the legal practice in a way that changes the life of a legal practitioner for the better."
The newly raised funds will bolster App4Legal’s strategic growth plans across Asia and Europe.
