Lawyered, a consumer-focused legal-tech platform, has secured $150,000 in the pre-series round of $1 million from iAngels. The funding round is led by India Accelerator iAngels, an Angel Investor Network that has invested in Lawyered for the 3rd consecutive round.
Lawyered has raised the pre-series round at a $10 million valuation and is slated to get into the Series-A round of further investments very soon with current projections.
With the recently raised funds, Lawyered plans to further scale up LOTS by building a cutting-edge technology solution using OpenAI. With LOTS (Lawyer On-The-Spot), it aims at disrupting the $300 billion logistics industry by providing a one-stop solution to all their on-road legal hassles.
Besides investment in technology, the platform will also strengthen its on-ground operations by building efficient processes as a major step toward achieving organisational excellence. Additionally, it will also be utilising the funds in reinforcing its sales and marketing efforts to get deeper awareness and penetration in the market.
“I'm excited to share that we've invested for the third time in Lawyered. We've watched Lawyered's impressive growth from a Legal Marketplace to a consumer-focused legal products company that's making legal services affordable and creating new markets. LOTS, their product for the mobility sector, is a game-changer, simplifying the solution for on-road legal challenges for mobility. Lawyered's innovative approach and deep understanding of legal challenges make them a standout in the industry. We're proud to support them and believe they have the potential to become a legal industry leader,” said Mona Singh, co-founder of India Accelerator.
“We are on a mission to revolutionise the legal industry with technology making it accessible and affordable for all. With our pre-series A funding round, we are excited to explore avenues for growth and expansion for our LOTS product. Our passionate team is committed to solving the legal challenges of industry segment by segment and creating a level playing field for everyone. This is just the beginning of our journey to bring innovation to the legal industry,” observed Himanshu Gupta, founder and chief executive officer (CEO) of Lawyered.
Launched in 2017, Lawyered is a legal-tech platform that makes legal accessible and affordable to every individual, entity and business through tech-driven consumer products with a sharp focus on the mobility market (commercial and non-commercial vehicles).