AFR had the scoop on this news. Interesting information to come out of this capital raising are:
- Funds raised would assist with marketing activities directed to SMEs. The aim is to broaden LawPath’s core client base which has so far come from the start-up sector.
- LawPath was currently attracting 2000 new clients a month and had been growing at 10 per cent month-on-month for the last 15 months. Founded in 2013, LawPath disclosed that it was not yet profitable.
- Lawpath is expected to benefit from LegalZoom’s insights from its success in the US legal services market.
We’re excited to begin our next chapter of growth with the support of the world’s largest legal tech player, @LegalZoom.— LawPath (@LawPath) July 10, 2018
The next few years will bring a huge shift in how legal services are delivered in Australia, and we’re ready to be at the forefront.https://t.co/VLgtIOg5iH