UAE, Dubai– Lexzur, an industry leading legal-tech company providing comprehensive Legal Practice Management and Contract Lifecyle Management solutions cross-industries and jurisdictions for any discipline, anywhere, announces a strategic seven-figure funding round led by UAE based Aditum Ventures, part of Aditum Investment Management Limited.
The new funds will primarily support Lexzur’s continual tech innovation especially in AI driven solutions and accelerate its growth across the lucrative European market.
Lexzur is currently the highest-ranking software editor for Legal Practice Management and Document Management on Gartner Capterra and various other review platforms, compared to 131 other global legal-tech solutions and based on 5 key criteria, Ease of Use, Functionality, Value for Money, Likelihood to Recommend, and Customer Support.
This opportune investment adds to another incredible period of exponential growth for Lexzur in its client portfolio and product offering, serving over 1,400 organizations including Banks, Telcos, Airlines, Governments and a diverse range of law firms across multiple industries in 67 countries.
Feras El Hajjar, Founder and CEO of Lexzur, said, “We are appreciative of Aditum’s management team for their trust and confidence in Lexzur’s dynamic legal tech solution and ambitious growth plans across Europe and beyond. Our mission is to transform the lives of legal professionals for the better and with every step Lexzur takes in today’s ever demanding and changing legal industry, it keeps three things in mind: practicing with constant innovation, gaining the trust of our clients and transforming the narrative associated with the legal industry.”
Lachlan Hughes, Head of Venture Capital at Aditum commented, “Lexzur’s impressive track record of growth and state-of-the-art legal-tech platform firmly positions it among the few SaaS companies in the legal-tech space that have true global potential. We believe this next step of its journey of establishing European operations is only the beginning of Lexzur’s vision.”
Lachlan Hughes, added, “Aditum is focused on investing in companies that have a strong management team, a scalable and dynamic digital service, international markets demand where they expand, and a solid plan for profitable growth in the future. We believe we have found this in Lexzur.”
Since its conception, Lexzur has achieved remarkable strides; cementing its presence globally with renowned partnerships in the MENA, North America and Europe with thousands of clients worldwide.
More on Lexzur solutions:
Lexzur’s product offering includes a highly configurable Legal Practice Management Software, called Lexzur Core, that covers everything from Case and Matter Management, to CRM, Client Intake, Task Automation, Time Tracking & Billing, Secure Searchable Archives, Smart Dashboards, Custom Metrics and more.
Earlier this year, Lexzur took a giant leap forward in redefining how in-house corporate and independent legal teams manage their contracts with the power of Artificial Intelligence, through its release of its next generation of Contract Lifecycle Management (CLM) & Document Automation software, called Contra.
The groundbreaking AI capabilities provided by Contra offers unparalleled efficiency, accuracy, and productivity encompassing machine learning, natural language processing, and automation, saving valuable time and resources while minimizing risks and maximizing compliance. Contra facilitates the process of generating and executing agreements, and other kinds of documents, and streamlines remote collaboration on top of content, redlining, drafting, negotiations with stakeholders, integration with digital signatures and more.
Lexzur is one solution that replaces all tools used by legal professionals; it is modular, easy to use as it supports multiple languages, multiple currencies, devices, and operating systems. It is available on-cloud, Private SaaS and on-server (on-premises). Lexzur also has a number of add-ons and integrations that work out-of-the-box with daily tools, inclusive of Outlook, Gmail™, Microsoft Teams, Webex, Zoom, Microsoft Word, Office 360 apps and others available in Lexzur Marketplace.