201910 May

KPMG just backed legal automation startup Plexus in a $4.65 million Series A raise

Summary

Melbourne lawtech startup Plexus, has closed the largest venture capital raise in Australian legal history, $4.65 million in Series A funding, led by KPMG. The professional services company’s legal arm, KPMG Law has also formed a strategic alliance with Plexus. Founded in 2011 by CEO Andrew Mellett, Plexus now has offices in Sydney, London and Washington DC and more than 100 clients globally, including Woolworths, Coca-Cola, Samsung, Medibank and Lion. “In KPMG, we have a partner that is committed to work with us to bring revolutionary legal solutions to clients, brings instant credibility and almost unparalleled reach.” Aconex CEO Leigh Jasper said he sees the same opportunity for Plexus to boost productivity in the legal industry as he saw for Aconex in construction. KPMG Law’s Asia Pacific boss, Stuart Fuller, said the company spent 18 months assessing the global market and “surprised and very pleased” to discover “a world leader in legal automation” in Australia.

Source: Startupdaily

Funding

$4.65M
Amount
May 10 2019
Date
-
Investor
Plexus
Company

Classifications

Companies