A Brisbane-based legal technology company has recently raised over $1 million from numerous private investors.
In a pre-Series A round, Lawcadia has raised $1.3 million from a handful of private investors and Australian alternative investments and venture capital firm Artesian – marking one of the firm investments in the legal tech space for Artesian.
According to Lawcadia CEO and co-founder Warwick Walsh, the company has been largely focused on the Australian market and advancing product innovation, and this latest funding injection will “allow the business to scale and look to global opportunities”.
“Having Artesian involved in our business will be a real asset for us. We are already enjoying working with their team and benefiting from their breadth of knowledge and experience in scaling successful tech companies like ours,” he said.
“When I look to bring on additional investment and shareholders, one of the main things I am looking for is shareholder alignment. Sometimes that means a potential investment can’t progress, but I feel that especially for emerging businesses like ours, having everyone aligned and focused on the same goal and outcomes is vital.”
Lawcadia co-founder Sacha Kirk added that they are incredibly proud of their progress and growth to date and having closed their recent funding round meant that this achievement was even more enjoyable.
“We have an incredibly talented and diverse team and Brisbane is the ideal place for us to be located – there is no doubt in my mind that we would never have been able to achieve what we have in any other major city in Australia. The support and recognition from our community [are] the icing on the cake,” she said.