US: Lupl, a legal tech startup founded by international legal firms, announced it has raised US$14 million in new funding as it prepares for its public launch in April 2021. The latest investment is in addition to the more than US$10 million raised prior to its beta launch, taking its overall funding in excess of US$25 million.
The US-based startup also announced it has signed a Memorandum of Understanding (MoU) with Singapore’s Ministry of Law to leverage the platform to advance the digitalization of the legal sector in Singapore.
This collaboration will begin with a series of industry engagement sessions in the first quarter of 2021.
Incubated through its development by a trio of international law firms – Germany’s CMS, the US’s Cooley and Singapore’s Rajah & Tann Asia – Lupl is an open industry platform for legal matters.
Features include a “Knowledge Hub” which provides a global repository of matter and workflow templates, designed to help users operationalize legal knowledge and repeatable process, and a data and analytics dashboard surfacing real-time analytics about legal matters.
The startup shared it is on track for a wider public release commencing from the beginning of April 2021, with an initial focus on the rollout of Lupl within participating organizations followed by a phased onboarding of legal departments and law firms.