Lupl, a legaltech startup founded by international legal firms, announced it has raised US$14 million in new funding as it prepares for its public launch in April 2021. The latest investment is in addition to the more than US$10 million raised prior to its beta launch, taking its overall funding in excess of US$25 million.
The US-based startup also announced it has signed a Memorandum of Understanding (MoU) with Singapore’s Ministry of Law to leverage the platform to advance the digitalisation of the legal sector in Singapore.
This collaboration will begin with a series of industry engagement sessions in the first quarter of 2021.
Incubated through its development by a trio of international law firms – Germany’s CMS, the US’s Cooley and Singapore’s Rajah & Tann Asia – Lupl is an open industry platform for legal matters.
Features include a “Knowledge Hub” which provides a global repository of matter and workflow templates, designed to help users operationalise legal knowledge and repeatable process, and a data and analytics dashboard surfacing real-time analytics about legal matters.
Also Read: How Lupl aims to solve the fragmentation of technologies in the legal space
Lupl has been in worldwide private beta testing since March 2020 and claims it has over 500 companies in more than 50 countries on its waitlist. It further remarked it has over 100 industry partnerships in progress as part of its open industry platform vision.
The startup shared it is on track for a wider public release commencing from the beginning of April 2021, with an initial focus on the rollout of Lupl within participating organisations followed by a phased onboarding of legal departments and law firms.
In a press note, Lupl also announced additions to its management team with Jeff Green joining as CEO, working alongside Matt Pollins as COO. Cheryl Wilson Griffin has also joined as Chief Customer Officer.
By the end of 2021, Lupl expects to have a team of more than 75 people worldwide.
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