Apperio gets $10m to add transparency to corporate legal spend

Apperio, a UK-based LegalTech startup helping companies change the way they analyse their legal spend, has received a $10m (£7.5m) cash injection in a round led by Draper Esprit. As part of the investment, Richard Marsh from Draper Esprit will be joining the board to support the next phase of growth. He commented: “We are delighted to be leading the investment in Apperio at a time when the company is accelerating its growth and is showing strong market momentum. Apperio’s software is transformative in the way in which law firms and their corporate clients can interact.” Kerry Baldwin, Partner at IQ Capital, who followed on in this round, added: “While the legal sector has historically been slow to adopt new technologies, Apperio is the only company offering customers a simple integration process and real-time visibility of both work-in-progress and budgets. The sector is ripe for disruption and the Apperio team has been solving this problem by enabling transparency, accessibility and accountability for all.