A New Delhi-based legal tech startup SoOLEGAL (1) is an online discovery platform. It allows people to seek lawyers and law firms for counsel. On Tuesday, the startup stated that it had secured 4 million USD in a funding round from private investors and family offices in India.
Previously in 2014, the legal tech startup had secured 5 million USD from private investors and family officers. SoOLEGAL stated that it would use fresh fundings to introduce new solutions for lawyers to improve their legal practices and upgrade their user experience.
Moreover, it would also use the capital to enhance its platform by investing in technology and research to introduce new features. It includes a SaaS-based legal expert system to manage the whole law practice.
SoOLEGAL to Upgrade Its Services and Solution Offerings to All Legal Aid Seekers
While commenting on the latest investment, the COO of SoOLEGAL, Manish Kaul, stated that the latest round is enormous for the legal tech arm. It would propel the team to upgrade its services and solution offerings. After the first round, the team had also brought legal professionals and other stakeholders to offer their skillsets and expertise to all legal aid seekers at large.
Manish further added that the team can now also enhance its research and ramp up its technology stack to deliver a superior user experience and increase the depth and breadth of legal tech services.
Notably, SoOLEGAL offers progressive lawyers and law firms an ability to align their practice more comprehensively as per the current requirements, functionally and operationally. Moreover, it also provides Reputation Management, Practice Management, and Professional Development. The startup claims that it has more than 80,000 active users from 46 countries.
This month, MikeLegal, a Gurugram-based legal tech startup, also announced an undisclosed seed funding round from SOSV, a venture capital firm headquartered in the US, and Artesian, a VC firm based in Australia.
