Newport-based legal tech start-up Validient has secured a \xa3300,000 equity investment to support its scale-up plans.Its second investment round has seen fresh backing of \xa3200,000 from the Development Bank of Wales and \xa3100,000 from Wesley Clover.Validient was established by entrepreneurs Ieuan Leigh, Katie Turnbull, Thomas Elliott and Gareth Williams after graduating from the Alacrity Foundation graduate entrepreneurship programme in 2021 - at which point the business was incorporated.Read More:Fall in value of private equity investment in the UKHaving supported Cardiff-based law firm Capital Law, it now provides an automated compliance management and due diligence system for law firms and regulated businesses throughout the UK. Its technology transforms client-facing processes by providing identity and document verification, biometric facial recognition, anti-money laundering checks, risk assessments, ongoing due diligence, company ownership structures, and bespoke client portals along with politically exposed person checks.Its chief executive Ieuan Leigh said: As a legal technology business, we offer compliance management software that allows regulated businesses to save time and reduce costs with end-to-end compliance requirements.Validient enables regulated firms to replace their existing manual and often paper-based client risk assessments and compliance actions with an easy to use single platform. This enables legal teams to have clearer oversight of who they are doing business with, keeping the community safe from fraudsters and money launderers.The tech ecosystem in Wales is so supportive and collaborative. Securing this investment early in our development is vital to us becoming the leading compliance management system on the market.Hannah Mallen, assistant investment executive with the Development Bank of Wales said: "With a rapidly growing UK-wide client base, Validient streamlines the entire onboarding and engagement process for law firms. It improves internal processes and client facing processes thereby increasing efficiency and reducing cost.As a young and exciting business, with a hugely dynamic team, Validient is gaining great traction in the market and were delighted to be supporting them on their journey with funding from our Wales Technology Seed Fund.