What is Apperio?
Apperio is a legal technology company dedicated to revolutionizing how legal departments manage their spending. By addressing the inefficiencies of traditional tools like email and Excel, Apperio provides an advanced platform that brings transparency and control to legal expenditure. The company's solution is rapidly being adopted by in-house legal teams seeking to enhance operational efficiency and gain confidence in their financial oversight. Apperio's mission is to leverage technology to foster transparency within the legal industry, empowering legal professionals with data-driven insights.
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 IQ Capital, Notion Capital, and NextLaw Labs
Series A (2018): $10M led by Draper Esprit, Notion, and IQ Capital Partners LLP
Private Equity (2023): $7M supported by IQ Capital, Notion Capital, Nextlaw Ventures, Hambro Perks, Draper Esprit, and Volution Group
Key Investors in Apperio
IQ Capital
IQ Capital is a venture capital firm specializing in deep-tech investments, including AI and data-focused propositions. They invest in companies with global market dominance potential, from seed to Series A stages.
Notion Capital
Notion Capital is an early-stage venture capital firm focused on B2B SaaS and cloud services across Europe, providing capital and support to help ambitious brands scale.
Nextlaw Ventures
Nextlaw Ventures is a global early-stage investor focused on legal technology, aiming to transform the practice of law through innovative solutions and leveraging a vast network of legal professionals.
What's next for Apperio?
With its recent major strategic investment, Apperio is well-positioned for accelerated growth and market expansion. The substantial backing indicates a strong investor confidence in the company's vision and its capacity to scale its operations. Future developments are likely to focus on enhancing platform capabilities, broadening its market reach within enterprise legal departments, and potentially exploring new verticals within the legal tech ecosystem. This strategic financing will enable Apperio to further solidify its position as a leader in legal spend management, driving innovation and efficiency in the sector.
See full Apperio company page
