Intelligent Legal Solutions has secured an investment from The LegalTech Fund to drive market expansion.
The LegalTech Fund backed the side letter management platform to support product development and international growth.
Intelligent Legal Solutions builds software that allows investment funds lawyers to automate key processes like side letter management and the MFN process. The company is headquartered in London.
Intelligent Legal Solutions has secured a strategic investment from The LegalTech Fund. The capital will be directed towards accelerating product development, growing the team, and expanding into international markets with a particular focus on the United States.
The London based company developed ProVision, a side letter management platform used by major law firms. The funding follows a period of rapid growth and partnership adoption across the legal sector.
The investment aims to deepen collaboration with leading legal practices and fund counsel as the firm scales its operations.
From the founder
"The U.S. is extremely important to us, the market for investment funds legal practice is especially strong in central hubs such as NY and Boston which, along with London and other European capitals, are the main engines that power the industry. We want to ensure these regions remain a key focus of our expansion."
Fergus Plant
Co-Founder at Intelligent Legal Solutions
Investor perspective
"Intelligent Legal Solutions is tackling one of the most complex and time-consuming challenges in raising private funds with a product that is already trusted by many of the world’s top law firms. ProVision is a clear example of how workflow-driven technology can deliver immediate value to lawyers and their clients. We’re excited to support the ILS team as they expand and continue building tools that raise the bar for what legal technology can achieve."
Zach Posner
Co-Founder and Managing Partner, The LegalTech Fund
Use of funds
- 01Continue product development
- 02Grow the team
- 03Expand into international markets
Investors
Categories
About the company
Intelligent Legal Solutions
Intelligent Legal Solutions develops software to automate workflow processes for investment funds lawyers.