Seed11 March 2021

Legislate Technologies raises £1m in a seed round led by Parkwalk Advisors to accelerate product development.

Parkwalk Advisors led the seed round to support product development and UK market expansion.

£1.0MSeed

Legislate Technologies builds a software platform that helps small businesses and landlords manage and sign contracts using knowledge graph technology. The company focuses on streamlining legal agreements for organisations lacking dedicated legal support.

Legislate Technologies has secured £1m in a seed round led by Parkwalk Advisors, with participation from Perivoli Innovations and private investors. The capital will be directed towards accelerating product development and expanding market presence in the UK.

The latest financing follows a £150k pre-seed round raised in January 2020. Since introducing its closed-beta service, the business has grown its user base significantly.

From the founder

"This funding will help us accelerate product development and go to market in the UK. Since launching our closed-beta service in June 2020, we have organically doubled our user base every month. We now have more than 800 users, including a handful of early adopters of our paid subscription. Simple legal documents, such as NDAs and tenancy agreements, can be surprisingly frustrating and time-consuming to create, negotiate, and manage, wasting valuable time for landlords and small businesses who don’t have in-house or retained legal support. We saw an opportunity to apply knowledge graph technology to the problem and create a delightful, streamlined contracting experience."

Charles Brecque

CEO and founder at Legislate Technologies

Investor perspective

"Parkwalk are delighted to have invested in Legislate Technologies. They have made a really arduous, lengthy process of contracts into a simple, easy to use product, that works for both sides of the negotiation. We are really looking forward to seeing Legislate Technologies go to market in the UK this year."