The Series B round was led by Temasek to support US and Asia Pacific expansion alongside engineering recruitment.
"We’ve seen incredible customer traction with what we believe is the smartest AI contract copilot on the market. But this is just the beginning. We are building the AI platform for the legal sector – a service that deeply understands every aspect of the legal function, from drafting contracts, researching case law to explaining legal concepts – our AI will help people tackle every legal task. This will help level the playing field between big and small law firms and help more people access legal services. This investment will help us to realise this vision."
The Lancashire tech company has closed its latest funding round from 42 northern based individual investors, bringing its valuation to £4m.
"We started trading about 6 months ago and in that time we’ve cleaned 12,000 homes and have 2,500 subscribers, which is testament to the hard work of our Head Office team and Service Operatives"
The seed round was led by Project A Ventures to help scale the engineering and commercial teams.
"The success of our seed funding round is a testament to the dedication and dynamism of the Labrys team. We are excited about the potential to drive innovation in defence technology and the global development and commercial sectors"
The Development Bank of Wales backed the round to help scale open banking tools addressing financial vulnerability.
"We understand the financially vulnerable like no one else. We have engaged with regulators, lenders, and borrowers to create a platform that meets the needs of this under-served eco-system. Using our technology, we are proud of what we have delivered and how consumers are benefiting from it"
Leonard Green & Partners joins Hg and ICG to back the accounting and payroll software provider.
"To secure backing from a leading US investor in LGP, alongside the continued support of Hg and ICG, underscores IRIS’s enduring success over many decades. Our unparalleled product portfolios combined with excellent customer service have resulted in IRIS being a leader in our sectors. We have also expanded our country presence with a notable focus on the US, so LGP’s local expertise will be instrumental in our acceleration to a world-class transatlantic business."
