London-based startup, StructureFlow, the visual platform for structuring complex corporate transactions, has closed a 拢3m ($3.5m) 聽pre-Series A funding round.
StructureFlow was founded by Tim Follett, and is already working with聽three of the five UK 鈥楳agic Circle鈥� firms and various Am Law 100 US firms.
Follett was working as a corporate lawyer when he identified the problem of visualising corporate transactions on PowerPoint, which he felt was slow and inadequate.
StructureFlow was founded in 2018 and recognised the need for an intelligent visual tool built for legal teams and consultancies by enabling people to collaborate. It allows deeper understanding of the complexities of deals across a variety of stakeholders.
The investment will enable the startup to accelerate product development and continue to focus on expansion in North America.
UK-based venture capital firm Venrex led the round. High-profile angel investors also participated including Chris Adelsbach and Tariq Khan.
Tim Follett, CEO and founder of StructureFlow, said: 鈥淲e are thrilled to have secured significant funding in an extremely challenging environment.
鈥淪trong traction and our strength of vision have attracted forward-thinking investors. 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.鈥�
Tilly Fleming, of Venrex, said: 鈥淭im 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.鈥�