Seedcamp Partnership with Nextlaw Labs
We’ve partnered with Nextlaw Labs, the legal tech venture development platform created by Dentons, a leading global law firm, so that together we can find, invest in and support early-stage legal tech startups.
The legal sector is primed for forward-thinking startups to come in and shake up the space and become the next generation of market-defining companies. Utilising advances in technology, startups have a fantastic opportunity to solve problems in the legal space previously the exclusive domain of large corporates.
At Seedcamp, we’ve already been fortunate to back some exciting startups in the space such as Apperio and Juro and we’re looking forward to meeting more ambitious founders building startups to take on this massive market.
Successful companies will benefit from investment, life-long training and mentorship from the Seedcamp team and Nextlaw Labs. We’re looking to find startups using new technologies and processes to transform the legal sector around the world.
The applications closed on 24th July 2016.
The offer comprises a co-investment from Seedcamp and Nextlaw Labs of €100,000 (total) in exchange for 9% equity.
The investment structure is via a simple convertible note modeled after the well-used Seedsummit documents available free online. We also reserve additional capital to invest in your company as necessary in the future.
In addition to the capital invested, all selected companies will benefit from access to the Seedcamp Platform and also access to key mentors from across the Nextlaw Labs and Denton’s network.
We’ll be hosting a Legal Tech focused event on 23 June that will provide a great opportunity to ask any further questions on the application process or the opportunity in general – please keep a lookout on our social media channels for details on the event.
For further information on this exciting partnership please see below for the press release:
Nextlaw Labs Partners with Seedcamp to Identify the Top Legal Tech Startups
9 June 2016
London, UK—Nextlaw Labs, the innovative legal tech venture development platform launched by global law firm Dentons, has signed a partnership with Seedcamp, the first round fund for ambitious founders, to co-sponsor a global callout to early stage legal tech startups. Selected startups will receive training, mentorship and investment from both Nextlaw Labs and Seedcamp.
Nextlaw Labs is a global collaborative innovation platform focused on developing, deploying, and investing in new technologies and processes to transform the practice of law around the world. Dentons is the lead supporter and investor in Nextlaw Labs, serving as the global testing ground for new products, services and other ideas to be vetted, piloted and scaled.
Seedcamp, the leading pre-seed and seed stage investor based in London, has built an impressive track record since its launch in 2007. The team has invested in more than 210 companies across multiple sectors from around the world, including startups such as Transferwise, Property Partner, and legal tech company, Apperio. To date its portfolio has raised more than $380 million in further funding and 14 companies have been acquired by companies, including AirBnB, BBVA and GoPro.
Following an application period where startups must apply, selected finalists will benefit from Seedcamp’s life-long platform of learning and support, which will be enhanced with mentorship from lawyers of the world’s largest law firm, Dentons. The chosen companies will gain in-house training and expert guidance on how to build their business, develop their brand and raise capital.
“We are committed to expanding our activity in Europe and see the region as a critical market for Nextlaw Labs and the legal tech industry,” said John Fernandez, Global Chair of Nextlaw Labs.
“This is an amazing opportunity to expand our initiative to identify and connect with the hottest legal tech companies of the future at a very early stage with Europe’s leading early-stage fund,” said Dan Jansen, CEO of Nextlaw Labs. “We see this as a natural partnership, leveraging the strengths and assets of both Nextlaw Labs and Seedcamp to support the next generation of talented legal tech startups.”
Reshma Sohoni, Founding Partner of Seedcamp, added, “The legal market is primed for fresh, forward-thinking startups to come in and shake up tradition. Using technology we can save law firms, companies and consumers precious time and money, in a market that is a high-cost item for all parties. At Seedcamp we work with the very best Founders to scale businesses that can have a significant impact on the status quo. We’re thrilled to be partnering with Nextlaw Labs to deliver this offer, and continue to expand our investment portfolio to include the rapidly growing world of legal tech.”
Applications open today, 9 June 2016.
About Nextlaw Labs
Nextlaw Labs is a business accelerator focused on investing in, developing and deploying new technologies to transform the practice of law. It is an autonomous, wholly owned subsidiary of global law firm Dentons with physical and virtual locations in technology centers worldwide. Through complementary and strategic partnerships with leading technology companies, startups, other business accelerators and established legal vendors, Nextlaw Labs will invest in promising companies and develop a suite of new technologies that fundamentally change the practice of law, improving client service and enhancing client solutions. www.nextlawlabs.com
Seedcamp is a Founder’s First Round Fund. We invest smart capital into pre-seed and seed stage startups, providing up to €200k and a lifelong platform of Learning, Network, and Capital to support the most ambitious Founders.
Seedcamp was founded in 2007 by Reshma Sohoni with Saul Klein and a number of European investors, to help European startups bridge the gap between knowledge and capital. Today we invest in startups from all over the world and have invested in over 200 companies across a wide range of sectors. You can find out more about us at www.seedcamp.com and follow us on twitter @seedcamp.
Dentons is the world’s first polycentric global law firm. A top 20 firm on the Acritas 2015 Global Elite Brand Index, the Firm is committed to challenging the status quo in delivering consistent and uncompromising quality and value in new and inventive ways. Driven to provide clients a competitive edge, and connected to the communities where its clients want to do business, Dentons knows that understanding local cultures is crucial to successfully completing a deal, resolving a dispute or solving a business challenge. Now the world’s largest law firm, Dentons’ global team builds agile, tailored solutions to meet the local, national and global needs of private and public clients of any size in more than 125 locations serving 50-plus countries. www.dentons.com