Total amount raised
Latest funding date
Location
Brightflag has successfully raised funding to support its AI-powered legal spend management platform, which includes e-billing and matter management solutions. The platform offers comprehensive features designed to provide complete visibility into legal work and spend, helping legal teams manage budgets and increase productivity.
Keep reading to explore the intricacies of Brightflag's fundraising journey and the investors backing this innovative platform.
What Is Brightflag?
Brightflag is a company that offers AI-powered solutions for legal spend management, including e-billing and matter management. Their platform helps legal teams gain visibility into their work and spending, manage budgets, improve productivity, and align with finance departments.
Operating within the legal technology industry, Brightflag is trusted by in-house legal teams globally. The company is known for its intuitive and innovative platform, efficient AI for invoice review, and strong customer support.
How Much Funding Has Brightflag Raised?
- Seed Round
- Amount Raised: $1.5 million
- Date: June 2016
- Lead Investors: Frontline Ventures
- Series A
- Amount Raised: $8.5 million
- Date: October 2018
- Lead Investors: Sands Capital Ventures
- Series B
- Amount Raised: $28 million
- Date: November 2020
- Lead Investors: One Peak Partners
In total, Brightflag has raised $38 million.
Key Investors
- Frontline Ventures
- Details: Frontline Ventures is a venture capital firm that invests in early-stage technology companies. They are known for their strong support of startups in Europe and the US.
- Investment Focus Areas: SaaS, Fintech, Enterprise Software
- Notable Investments: Verve, CurrencyFair, Boxever
- Sands Capital Ventures
- Details: Sands Capital Ventures is a growth equity firm that partners with visionary entrepreneurs. They focus on investing in market-leading companies with strong growth potential.
- Investment Focus Areas: Technology, Life Sciences, Consumer
- Notable Investments: Amazon, Netflix, LinkedIn
- One Peak Partners
- Details: One Peak Partners is a private equity firm that invests in growth-stage technology companies. They provide capital and strategic support to help companies scale.
- Investment Focus Areas: Software, Internet, Technology-enabled Services
- Notable Investments: DocPlanner, Neo4j, Spryker
- Notion Capital
- Details: Notion Capital is a venture capital firm that invests in enterprise tech and SaaS companies. They are known for their hands-on approach and extensive network.
- Investment Focus Areas: SaaS, Cloud Computing, Enterprise Software
- Notable Investments: Tradeshift, GoCardless, CurrencyCloud
- Octopus Ventures
- Details: Octopus Ventures is a venture capital firm that invests in early-stage companies across Europe. They focus on backing entrepreneurs who are changing the world.
- Investment Focus Areas: Health, Fintech, Deep Tech
- Notable Investments: Zoopla, Secret Escapes, Depop
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