Deal: Lawato
Having bootstrapped to a Beta product with a €100K Sweat-Equity partnership, Lawato has onboarded three paying law firms in Estonia and attracted 30% of the Estonian market to demo their product. With an international law firm joining as a strategic partner and backing from Tenity VC and angel investors, we’re raising a €300K bridge round to reach a €10K MRR milestone within six months and prepare for a Seed round in spring 2025. Join us as we scale our innovative solution and transform legal operations globally.
Backstory
Having bootstrapped to a Beta product with a €100K Sweat-Equity partnership, Lawato has onboarded three paying law firms in Estonia and attracted 30% of the Estonian market to demo their product. With an international law firm joining as a strategic partner and backing from Tenity VC and angel investors, we’re raising a €300K bridge round to reach a €10K MRR milestone within six months and prepare for a Seed round in spring 2025. Join us as we scale our innovative solution and transform legal operations globally.
As things stand they are looking to a super-angel to take the lead on this to put together a syndicate, closing the remaining amount. Is is not excluded that the recently onboarded strategical partner will also come on board as they seem to be quite fond of the tech.
Key Info
Founding Team: Roman Ivanushkin (CEO & Co-Founder) / Paul Opmann (CTO & Co-Founder)
Round size: 300k€ / Pre-Seed Bridge
Available allocation: 200k€
Participating Investors: Angels