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Big Law

NEXL achieves Series Seed capital raise

NEXL has secured a Series Seed capital raise with assistance from Herbert Smith Freehills.

March 18, 2020 • By Naomi Neilson
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Herbert Smith Freehills
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Firm: Herbert Smith Freehills (NEXL)

 
 

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Deal: Herbert Smith Freehills’ venture capital team has advised NEXL on its Series Seed capital raise.

Value: Undisclosed.

Area: Venture capital.

Key players: The team was led by head of venture capital Peter Dunne, who was assisted by solicitor Myra Beal.

Deal significance: NEXL is an Australian technology company that provides cloud-based software to help law firms expand on their referral network and provide global services to clients. The round was led by Australian venture capital firm Investible.

Mr Dunne said: “It’s fantastic to see great innovation in the legal industry. We have enjoyed working with NEXL founder Philipp Thurner and his team, and being part of the company’s journey.”

Naomi Neilson
Naomi Neilson
Naomi Neilson is a senior journalist with a focus on court reporting for Lawyers Weekly, as well as other titles under the Momentum Media umbrella. She regularly writes about matters before the Federal Court of Australia, the Supreme Courts, the Civil and Administrative Tribunals, and the Fair Work Commission. Naomi has also published investigative pieces about the legal profession, including sexual harassment and bullying, wage disputes, and staff exoduses. You can email Naomi at: naomi.neilson@momentummedia.com.au.
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