USA/Canada News
Doxly, a next-generation legal transaction management software platform, today announced they have closed a $2.25M Series Seed funding round and added Dentons, the world’s largest law firm, as a customer.
Doxly will use the capital to scale its technology platform and fuel hiring in product development, engineering, sales and marketing.
Participation in the round included Nextlaw Labs through its investment fund, Nextlaw Ventures, and leading software investors High Alpha Capital and Hyde Park Venture Partners. Hyde Park is an active investor in industry-specific software and also an investor in High Alpha Studio. Nextlaw Labs is a business accelerator developed by global firm Dentons focused on investing in, developing and deploying new technologies to transform the practice of law.
“We are excited to be investing in Doxly to bring innovative solutions to the global legal market,” said John Fernandez, global chair of Nextlaw Labs and chief innovation officer for Dentons US. “We look forward to collaborating with the team there to address a major pain point for clients by enhancing workflow processes and improving efficiency, communication and collaboration in complex corporate transactions.”
Doxly’s cloud-based software accelerates diligence, closing and signature collection through automated workflows, intelligent diligence and closing checklists, document-level collaboration, transaction analytics and intelligent corporate practice management tools.
“We are thrilled to be partnering with Nextlaw Labs, Dentons, and Hyde Park to further our vision of using software to transform the legal industry,” said Haley Altman, co-founder and chief executive of Doxly. “My mission for Doxly is to build a product that makes attorneys’ lives better and shines a brighter light on the value attorneys provide clients. Dentons and Nextlaw Labs’ expertise in law and legal tech, combined with High Alpha and Hyde Park’s expertise in enterprise software, will help us accelerate this vision.”
Doxly, launched earlier this year, is already being utilized in a number of cities and across multiple sectors, including the venture capital and legal industries. It will begin implementing its transaction management platform with Dentons as a customer in the coming months.
“Since Doxly’s launch out of High Alpha Studio, the company has made tremendous strides advancing their product, team and sales,” said Kristian Andersen, partner at High Alpha. “The investment from Nextlaw Labs, coupled with the addition of Dentons as a customer, really validates Doxly’s value proposition and underscores the magnitude of the opportunity before them.”
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