INTELLLEX, a legal-focussed knowledge management platform, has closed a US$2.1 million funding round led by Quest Ventures.
This round also welcomed participation from Thomson Reuters, Insignia Ventures, K3 Ventures, and a Singapore government-backed VC fund.
Other early backers of INTELLLEX, including Sim Wong Hoo (Creative Technologies), Tan Kim Seng and Jeffrey Khoo (3VS1), Kelvin Chan (Ex-Partners Group), and Chandra Mohan and Chong Chiet Ping (Early investors in Razer), also took part in the funding round.
Chang Zi Qian, Co-Founder and Co-CEO of INTELLLEX, said that the company plans to use the funding for the expansion of its services across the EU and the Asia Pacific, as well as for acceleration of its new product offerings.
In conjunction with the funding, Jeffrey Seah, Partner at Quest Ventures, will join the INTELLLEX board of directors.
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“Professional Services firms traditionally create value in offering customised, knowledge-based services to clients. These services are derived from internal knowledge bases and advisory know-how accrued over the years. Today, clients are demanding more value at lower costs, and they look to Knowledge Management to remain competitive. Using the INTELLLEX platform, we provide Knowledge Assets that yield multiple and repeated values for our clients,” said Seah.
INTELLLEX is a pre-approved legal technology software vendor under the Singapore government’s “Tech-celerate For Law Programme”, that boasts a clientele that includes international and local law firms, government and regulatory institutions, corporate legal teams and legal content providers.
It converts its clients’ disparate knowledge assets into ready-to-use materials that can be readily accessed, through document categorisation automation and search acceleration.
“Our next product upgrade will explore applications beyond the legal industry to related knowledge-based industries like financial services regulation, corporate finance regulation, and tax,” said Co-Founder and Co-CEO, Ellery Sutanto.
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Image Credit: INTELLLEX
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