Legal IT Insider: Apperio raises $7m to accelerate product development and US expansion

UK-headquartered legal spend analytics and matter tracking software vendor Apperio announced today (10 January) that it has raised a $7 million growth round of venture capital funding. The company will use the funding for product development and to accelerate its expansion into the U.S. market.

Molten Ventures (formerly Draper Esprit) led the investment, which was joined by Notion Capital, IQ Capital, Nextlaw Ventures, Volution and Hambro Perks who provided venture debt. Both Volution and Hambro Perks are new investors included in this round. The announcement today brings the total funding Apperio has raised to date to $19.9 million.

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