Australian legal tech platform partners with new investors to triple funding
An Australian legal tech platform has partnered with leading organisations to ensure a funding increase of $2.5 million.
Josef, a no-code software platform, has just announced a $2.5 million funding round led by Sydney’s Carthona Capital as well as US investor The LegalTech Fund. This round has more than tripled Josef’s total funding, bringing it from $1 million to $3.5 million.
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The legal tech platform enables lawyers and legal professionals to streamline their tasks, including lawyer-client interactions, sending emails, generating legal documents and providing legal guidance and advice. Users can automate document drafting, build bots to handle client interviews, triage paperwork or execute NDAs and instantly generate personalised documents, from letters to contracts.
Founded in 2018 by lawyers Tom Dreyfus and Sam Flynn and engineer Kirill Kliavin, Josef’s clients have grown to include major law firms including Clayton Utz and Herbert Smith Freehills and MinterEllison – as well as in-house legal teams from L'Oreal and Randstad.
Gary Adler, chief digital officer at MinterEllison, said the platform was bringing automation to every level of the firm.
“We’re thrilled by our partnership with Josef. Their technology is a simple, accessible way for all of our people to get involved with automation,” he said.
Co-founder and COO Mr Flynn said the new funding is an opportunity for the start-up to continue to grow and expand their overseas business whilst becoming a household name due to their new investor partnerships.
“Legal help is inaccessible. Most people can’t afford it, and those who can find it opaque and inconvenient. We set out to solve this problem by empowering lawyers to change the way they work,” he said.
“This funding will help us to level up and take Josef global, building a world-class team and establishing bases in Europe and North America. With the support of Carthona Capital and the LegalTech Fund, we have the partners to make that happen.”
Carthona Capital partner Dean Dorrell said Josef is now primed to streamline legal services globally.
“Josef’s platform makes lawyers more productive, develops their interactions with their clients and streamlines their operations. Our thesis about the legal profession is that you don’t need to replace the lawyers; the opportunity is to enable efficiency in their work, and that’s what Josef is all about,” he said.
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