DealCircle raises $750k to slash legal fees for startups
Summary
It aims to slash the legal fees racked up in early stage investments in startups, ensuring that entrepreneurs can keep hold of as much of their funding as possible. It also significantly reduces the end-to-end investment process, meaning it can take days or even hours instead of weeks, and at a fraction of the cost for the investor and the entrepreneur. The team has also garnered investment from SEED Capital, Klaus Nyengaard (former CEO of JustEat) and several lawyers, bolstering their law credentials. The new funding round will allow the team to focus solely on product development, working closely with customers on creating a superior user experience and to get deals done. This meets the needs of business angels who requested that DealCircle remain an exclusive platform, favoring quality over quantity.
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