StructureFlow, a platform to visualise complex corporate transactions, has closed a $3.5m (£2.9m) pre-Series A round led by Venrex.
London-based StructureFlow is predominantly used in the legal industry. The company was founded to simplify corporate communications, for the purposes of deal negotiations, mapping transactions, and presentations.
The company claims the simplified visuals reduce staff attrition by making it easier to work on complex deals. The software is already used by major law firms, including three members of the ‘Magic Circle’ of London firms.
“We are thrilled to have secured significant funding in an extremely challenging environment. Strong traction and our strength of vision have attracted forward-thinking investors,” said StructureFlow founder and CEO Tim Follett.
“We will not rest until we have transformed the way people work on complex deals – moving the industry away from dense text to more visual ways of working.”
Tilly Fleming of Venrex said: “Tim has experienced the issue StructureFlow is out to solve first hand, this is not dissimilar to the domain expertise we saw in the founders at Revolut, Rippling and Charlotte Tilbury. We think he can build a business of a similar scale.”
The latest cash boost for StructureFlow brings the total amount raised by the company to $8m (£6.7m).
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