Deal: Crespect
Intro request: Interested to get in touch with founders
Overview
Uniquely intelligent (AI) all-in-one cloud software to operate and grow a modern law firm.
Product is launched, paying customers. Proven to increase revenue per lawyer by at least 30%. Subscription agreements signed for 30,000 EUR MRR and Letters of Intent for 40,000+ EUR MRR.
Q4-24 next round: 1.4 MEUR to achieve break-even in 2026 and to accelerate scaling. Soft commitments: 0.4 MEUR.
Experienced team with diverse backgrounds. Distinguished advisors and lead-investors including Aku Sorainen and Sergei Anikin. Selected into multiple accelerator programs and received Estonian Innovation Agency grant.
Backstory
We had an initial call with Lauri two weeks ago from today. He was interested to see if fff might be interested in putting together and SPV for this offer.
After this, Tim spent time on pre-validating this opportunity and as things stand, fff is still considering putting an SPV with its members.
We are sharing this deal in order to see if we there is interest from the community members. In case there is - fff will dive deeper and create an Investment Memo + involve needed people for the actual DD.
Company has strong backing by Aku Sorainen, which also indicates industry expert validation.
Key info
Founders: Katri-Helen Wojtkosiak (CPO & Co-founder) / Lauri Läheb (CEO & Co-founder) / Karolina Šilingienè (CBDO & Co-founder
Round size: 1.4m€ / Seed
Available allocation: ca.1m€
Participating Investors: Sorainen + Angels