Lawhive raises $2m in seed funding led by Episode 1 Ventures to expand access to legal services.
The seed round was led by Episode 1 Ventures with participation from Tiny VC and several high-profile angel investors.
≈ £1.8M at $1 = £0.9014 on 7 Oct 2022
Lawhive is a London-based legaltech startup that uses artificial intelligence to automate routine tasks and improve access to consumer legal services.
Lawhive has secured £1.7m in seed funding to expand access to legal services for consumers and small businesses in the UK. The round was led by Episode 1 Ventures, with participation from Tiny VC and a group of twenty-five angel investors including senior executives from notable technology firms.
The capital will be directed towards growing product, engineering, and operations teams, alongside further development of the company legal knowledge graph and platform automation. Lawhive combines artificial intelligence with regulated solicitors to automate administrative tasks and reduce consumer legal costs.
The funding arrives as demand for affordable legal assistance grows amid economic pressure on households and smaller enterprises. Lawhive aims to scale its operations to help significantly more customers over the coming year.
From the founder
"We believe everyone should be able to access the legal system and their legal rights – the law should be a basic utility – this is essential to a truly fair society. Through AI and automation, we’ve been able to help thousands of people who wouldn’t otherwise have had access to legal help. We are thrilled to have backing from investors who share our vision of changing the way people access the law and get legal help"
Pierre Proner
CEO and co-founder at Lawhive
Investor perspective
"We believe that by using cutting-edge AI, Lawhive can transform the way legal work is carried out for consumers and SMEs who are often most in need of but lack adequate legal assistance. We’re excited to have backed this world-class team disrupting a huge market."
Hector Mason
Partner, Episode 1
Use of funds
- 01Grow the team
- 02Continue product development
- 03Fund research and development
- 04Scale operations
