What is Apperio?
Apperio is revolutionizing how legal departments manage their finances, addressing a critical gap where many still rely on outdated methods like email and spreadsheets to track legal spend. This lack of modern tooling results in opaque and inefficient working practices. Apperio's platform provides in-house legal teams with the technology needed to operate with greater efficiency and transparency. By leveraging its innovative solutions, Apperio empowers legal departments to gain control over their expenditures and make data-driven decisions, setting a new standard for operational excellence in the legal industry.
How much funding has Apperio raised?
Apperio has raised a total of $19.4M across 3 funding rounds:
Angel/Seed
$2.5M
Series A
$10M
Private Equity
$7M
Angel/Seed (2016): $2.5M with participation from Notion Capital, NextLaw Labs, and IQ Capital
Series A (2018): $10M led by Molten, IQ Capital Partners LLP, and Notion
Private Equity (2023): $7M supported by Nextlaw Ventures, Volution Group, IQ Capital, Notion Capital, Hambro Perks, and Molten
Key Investors in Apperio
Notion Capital
Notion Capital is a venture capital firm specializing in early-stage B2B SaaS and cloud services, providing capital and support to help ambitious European brands scale their ventures.
IQ Capital
IQ Capital is a venture capital firm focused on 'deep-tech' investments, including AI, machine learning, and data-focused propositions, with a track record of successful exits.
Nextlaw Ventures
Nextlaw Ventures is an early-stage venture investor concentrating on legal technology, aiming to transform legal business challenges through innovative solutions and strategic collaborations.
What's next for Apperio?
The recent major strategic investment in Apperio signals a strong confidence from backers in the company's mission and its potential for continued expansion. This capital infusion is expected to fuel further product development, enhance market penetration, and potentially explore new verticals within the legal services technology landscape. As Apperio continues to scale, its focus will likely remain on solidifying its position as a leader in legal spend management, driving adoption among enterprise-level legal departments seeking to optimize their operations and gain financial clarity.
See full Apperio company page
