Augmetec Raises £2M to Revolutionise Legal Industry
Deal News | Feb 18, 2025 | Business Cloud
LegalTech innovator Augmetec has secured £2 million in seed funding aimed at enhancing its platform and expanding its client base globally. Augmetec, which developed the LEIAA platform to streamline investigations, plans to invest in product development, international partnerships, and team growth across various departments. The funding round was led by UK’s Fuel Ventures with the participation of Swiss fund 14Peaks Capital and several angel investors. The vision is to alleviate the pressures on investigative teams through AI-driven efficiency, addressing the increasing demands of corporate investigations.
Sectors
- LegalTech
- Venture Capital
Geography
- United Kingdom – Augmetec is based in London and the lead investor, Fuel Ventures, is also UK-based.
- Switzerland – 14Peaks Capital, a participating investor in the funding round, is based in Switzerland.
- Singapore – One of the angel investors is the head of fraud at Rajah & Tann Singapore, indicating an international element in the stakeholder mix.
Industry
- LegalTech – This sector involves the use of technology to enhance the legal industry, which is relevant as Augmetec's platform aims to revolutionize legal investigations.
- Venture Capital – This pertains to the financing method through which start-ups and emerging companies receive funding, as depicted by Augmetec's seed funding round.
Financials
- £2,000,000 – Amount of seed funding raised by Augmetec to further its LegalTech innovation.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Augmetec | Target Company | Company | A LegalTech startup aiming to revolutionize legal investigations through its LEIAA platform. |
| Fuel Ventures | Lead Investor | Company | A UK-based venture capital firm leading Augmetec's seed funding round. |
| 14Peaks Capital | Investor | Company | A Swiss fund participating in Augmetec's seed funding round. |
| Kritin Sundaram | CEO and Co-founder | Person | Co-founder and CEO of Augmetec, providing insight into the company's vision in the article. |
| Oliver Hammond | Partner at Fuel Ventures | Person | Provided statements regarding the investment in Augmetec. |
| Kirkland & Ellis | Angel Investor | Company | A retired senior partner from this legal firm is an angel investor in the round. |
| NetDocuments | Angel Investor | Company | The family office of the original founding team participated as an angel investor. |
| Rajah & Tann Singapore | Angel Investor | Company | The head of fraud from this company acted as an angel investor in the funding round. |