While valuations of public software-as-a-service businesses have been taking a hammering of late as investors cool on the sector amid a wider, post-pandemic tech stock sell-off, SaaS startups still need to raise funding to scale their budding businesses — or, well, they hope they’ll be able to do so on reasonable terms despite these wider market bumps.
Today, London-based Legl — a 2019-founded SaaS startup that sells tools to law firms wanting to digitize processes and automate workflows in areas like client onboarding, payments and compliance to support a more modern customer experience — is announcing the close of an $18 million Series B round, just over a year after it raised a $7M Series A.
The Series B was led by several technology investors, including existing investor Octopus Ventures (which led its Series A), although Legl isn’t specifying the round’s other backers. Previously …
