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Legl is a tech startup that provides AI-enhanced digital solutions for law firms, aimed at improving client onboarding, compliance, and payment processes.
Legl has raised $25.0M across 2 funding rounds.
Legl has raised $25.0M in total across 2 funding rounds.
Legl has raised $25.0M in total across 2 funding rounds.
Legl's investors include Malcolm Ferguson, Kompas VC, Zoe Chambers, Creator Fund, Felix Capital, Frontline Ventures, Robin Klein, Al Giles, Carlos Gonzalez-Cadenas, Hayden Brown, Backed, First Round Capital.
Legl has raised $25.0M across 2 funding rounds. Most recently, it raised $18.0M Series B in May 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 1, 2022 | $18M Series B | Malcolm Ferguson | KOMPAS VC | Announced |
| Mar 1, 2021 | $7M Series A | ZOE Chambers | Creator Fund, Felix Capital, Frontline Ventures, Robin Klein, AL Giles, Carlos Gonzalez Cadenas, Hayden Brown, Backed, First Round Capital, Samaipata | Announced |
Legl is a UK-based legal technology company that provides an end-to-end SaaS platform automating residential property transactions for conveyancers, estate agents, lenders, and developers. It serves legal professionals and real estate stakeholders by solving inefficiencies in the fragmented UK conveyancing process, such as manual paperwork, compliance checks, and delays in property sales, enabling faster, compliant transactions with digital case management, ID verification, and integrated payments. The platform has demonstrated strong growth momentum, processing over £20 billion in transaction value, supporting 40% of UK property sales, and expanding into new markets like Portugal while achieving profitability ahead of schedule.
Founded in 2015 by ex-Goldman Sachs investment banker Guy Pearson and serial entrepreneur David Cadenhead, Legl emerged from Pearson's frustration with the outdated, paper-heavy UK property transaction process during his own home purchase. With backgrounds in finance, tech, and legal services, the duo bootstrapped the company initially before raising seed funding, focusing on digitizing conveyancing workflows. Early traction came from partnerships with major estate agents like Foxtons and integration with platforms like Rightmove, leading to pivotal moments such as becoming the first proptech to secure FCA authorization for electronic payments in 2020 and scaling to handle 1 in 3 UK property transactions by 2023.
Legl rides the proptech and legal tech convergence, capitalizing on the UK's £300 billion annual property market digitization amid post-pandemic remote work and regulatory pushes for electronic signatures (e.g., Law Society endorsements). Timing aligns with a 20% rise in digital conveyancing demand and EU digital finance directives, amplified by market forces like housing shortages and lender mandates for faster closings. By standardizing workflows, Legl influences the ecosystem, pushing incumbents toward APIs and fostering a £50 billion global digital conveyancing opportunity, while exporting its model to Europe amid broader legal tech growth to $65 billion by 2034.[3]
Legl is poised for accelerated expansion, targeting 50% UK market share by 2027 via AI enhancements for predictive risk assessment and international rollouts in high-volume markets like Spain and Australia. Rising trends in embedded finance, open banking, and generative AI for contract automation will propel its growth, potentially evolving it into a full-stack real estate OS. As proptech matures, Legl's compliant, scalable model positions it to redefine property transactions globally, transforming a technology company born from personal pain into an industry backbone.
