Lexverify Raises £900K in Seed Funding for Expansion and Talent Acquisition
Lexverify Raises £900K in Seed Funding
Lexverify's Seed Funding
Key Highlights:
- Seed Funding: Lexverify, an AI-powered risk management assistant provider, raised £900K in Seed funding.
- Investors: Funding led by Midven, with participation from Midlands Engine Investment Fund (MEIF 1), Raspberry Ventures, The LegalTech Fund, and angel investors.
- Expansion Plans: Funds will be used to make hires and support the company's expansion plans after successful pilots in the financial services and pharmaceutical sectors.
Lexverify's Target Market
- Financial Services and Pharmaceutical Sectors: Targeting enterprises in these sectors to provide AI-powered risk management solutions for legal, compliance, and cyber risks.
- Organizations Focused on Compliance: Companies seeking proactive compliance at scale through AI-powered risk prevention and continuous employee training.
- Legal, Compliance, HR, and Cyber Teams: Providing solutions to these teams by scanning electronic communications for potential risks and offering continuous training to employees.
What Lexverify Needs to Buy
- Talent Acquisition: Hiring professionals to support the company's expansion plans and enhance its risk management assistant.
- Partnerships and Integrations: Collaborating with enterprises in the financial services and pharmaceutical sectors to integrate Lexverify's AI-powered assistant into their communication systems.
- Marketing and Sales Support: Engaging with marketing agencies and sales experts to effectively reach target customers and promote the benefits of Lexverify's risk management solutions.