UK – Clarilis, a UK-based legal technology company, raised a further £6m in Series B funding round.
Backers included the Northern Venture Capital Trust Funds (VCTs) which are managed by Mercia, and Gresham House Ventures, investing on behalf of the Baronsmead VCTs. Gresham House Ventures invested £3.5m and Mercia’s Northern VCTs invested £2.5m. The company intends to use the funds for ongoing growth and international expansion. Co-founded by brothers James Quinn and Kevin Quinn, Clarilis is a provider of automated drafting technology. The CLARILIS™ platform aims to automate complex suites of precedents, such as Share Purchase and Facility Agreement suites with many ancillaries, many parties and complex underlying deal structures. Launched in 2015 Clarilis now serves a client base including Addleshaw Goddard, Baker McKenzie, National Grid and Slaughter and May.03/08/2020
