Australian legal technology startup LawPath has announced today that it has finalised a $1.8 million investment round led by LegalZoom, in further proof of the growing global market for digitally-hosted legal solutions for individuals and SMEs.
The investment will see LawPath expand its services. LegalZoom will provide LawPath with ‘strategic guidance, including technology expertise, marketing insights and assistance with LawPath’s expansion plans across Australia and into international markets’ they said.
Since launching in 2013, LawPath has been providing technology-powered legal solutions ‘at a fraction of the time, cost and complexity required by the traditional system’ said the company.
More than 60,000 Australian businesses and individuals have used LawPath to start a business, register a trademark, create legal documents or hire a lawyer online.
Meanwhile, LegalZoom, is the ‘most recognised legal brand in the US’ and has served more than four million customers in the US and UK since 2001.
Dominic Woolrych, LawPath Chief Executive Officer, said: ‘This exciting investment will enable our frontier pathway to disrupt the Australian legal system to continue. We arethrilled by the opportunities partnering with a global legal services provider will bring.’
Frank Monestere, LegalZoom President and Chief Operating Officer, said of the deal: ‘As the clear market leader in Australia, LawPath offers one of the most innovative technology-enabled online legal solutions that we’ve seen globally. We are extremely excited topartner with the LawPath team in their expansion efforts.’