Legal Utopia, a powerful AI-enhanced app with the aim of “connecting legal consumers with a vast network of legal services,” has acquired 77% (£154,906) of its £200,000 target from 50 investors (at the time of writing) through a crowdfunding campaign carried out via Seedrs.
With 29 days left in the sale, London-based Legal Utopia reports a £2.7M pre-money valuation. Operating in the SaaS/PaaS Digital Mixed B2B/B2C sectors, the UK firm offers Tax relief, EIS, a £1.07 share price, 6.96% Equity offered.
Incorporated in August 2017, Legal Utopia has shared the following business highlights:
- Selected as LawTechUK Sandbox Pilot Pioneer
- UK patent pending for AI-Method Technology
- £52,000 Sales Q3 2021, £33,000 Sales already in Q4 2021
- Internationalising as UK-Government UAE Trade Mission Delegate
Key features include: Secondary Market; Seedrs nominee min. £10.70 +.
Legal Utopia explains that they “simply believe in making law more accessible, affordable, and instant for those that cannot afford it, understand it, or access it when they need it.”
They think using technology can be “a new way to open up the law to millions of people across the UK that experience common legal problems.” They know this can “make law instant, positive, and fairer for everyone.”
Their solution focuses on “giving anyone the ability to identify their legal problem, understand it, and access the options available.” Whatever your circumstances, “whatever your means, whatever your abilities, wherever you are.”
As noted by the firm, they are “a growing platform, powered by machine learning, pioneering convenience, accessibility, and affordability for legal consumers.”
The team at Legal Utopia also shared:
- Artificial Intelligence: We provide an app through major app stores that benefits legal consumers by bringing legal services closer to them. We were one of the first start-ups in a UK-government sponsored sandbox, have received EU and other funding, and have worked with global firms.
- Needs-Focused: Demand is core to our work. A recent report found that there is an £11.4bn per year market opportunity for LawTech and innovation to address the unmet legal needs of SMEs and others. We build solutions that people want and will pay for, and this drives our model
- Growth: We’ve identified a space for new services, such as legal finance and claims purchasing. We want to expand and have prepared a product strategy, together with a marketing strategy. We also have a strategy for partnerships too that will enable us to grow internationally.
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