Through a convertible note round, Libryo has closed a funding round valued at £1.35m. The round was led by Future Energy Ventures and supported by a range of existing and new investors, including the UK Government’s Future Fund and early Libryo supporter Nextlaw Ventures.
This brings total funding for the company since its first seed round in 2016 to over £3.5m.
Libryo’s Global Marketplace
Libryo was founded in 2016 and aims to build a global marketplace where users can obtain legal content and professional services. Libryo’s solution offers 5 modules that support businesses with knowing, understanding and complying with their legal requirements.
To date, over 400 customers and 15,000+ users across more than 75 countries have used Libryo’s legal compliance software. The Libryo team spans 10 countries across 7 different time zones
Commenting on the financing round, Libryo’s co-founder and CFO, Malcolm Gray said:
“Our positive customer feedback and strong partner support continue to give us confidence in what we are doing, and the strength to continue to make an impact. Together we will keep on having fun, making money, and doing something good as we help companies navigate an increasingly complex regulatory environment.”