Legaltech Company Apperio Raises $10M in Series A Funding

The round was led by Draper Esprit with participation from existing investors Notion, IQ Capital and angels.The company intends to use the funds to grow in all areas with a particular focus on Commercial and Customer Success organizations to promote international expansion.It allows them to track both billed and unbilled hours, in real-time, run analytics and monitor law firm performance.The solution is fully automated and provided as a cloud application, requiring no administration or change in behaviour from either the company or the law firm.It receives data on a daily basis from all law firms, resulting in a real-time provision to corporate legal departments and a clear picture of their exposure at any given time.