Total amount raised
₹400 Million
Latest funding date
10/01/2022
Location
Leegality has successfully navigated four funding rounds, with notable investors such as IIFL Fintech Fund and Dominor Investment backing the company. The platform offers a comprehensive suite of digital documentation solutions, including electronic signing, digital stamping, and document fraud prevention.
Keep reading to explore the intricacies of Leegality's fundraising journey and the investors supporting this innovative platform.
What Is Leegality?
Leegality is a private technology company based in New Delhi, Delhi, India, specializing in digital document execution and infrastructure. The company operates in the Information Technology, Legal, Legal Tech, and Software industries, providing solutions such as eSignatures, digital stamping, and document fraud prevention.
With an employee count ranging from 101 to 250, Leegality has established itself as a key player in the digital documentation space. The company’s platform is designed to streamline paperwork processes, reduce costs, and improve productivity for Indian businesses across various sectors, including banking, human resources, and microfinance.
How Much Funding Has Leegality Raised?
- Angel Round
- Amount Raised: Not publicly disclosed
- Date: June 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and develop its initial product offerings.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: July 2021
- Lead Investors: IIFL Securities
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and development.
- Series A
- Amount Raised: $5 million
- Date: October 2022
- Lead Investors: IIFL Fintech Fund, Mumbai Angels
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate customer acquisition, invest in product development, and enhance customer experience.
- Secondary Market
- Amount Raised: $2.8 million
- Date: December 2025
- Lead Investors: IIFL Fintech Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
Total Amount Raised: $7.8 million. Current Valuation: Not publicly disclosed.
Key Investors
- IIFL Fintech Fund
- Details: IIFL Fintech Fund is a major investor in Leegality, participating in multiple funding rounds. The fund focuses on investing in fintech companies and has shown significant confidence in Leegality's growth potential.
- Investment Focus Areas: Fintech, technology-driven startups.
- Notable Investments: Leegality.
- Dominor Investment
- Details: Dominor Investment is another key investor in Leegality. The firm has been involved in supporting the company's digital documentation solutions.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- Mumbai Angels
- Details: Mumbai Angels is a network of angel investors that participated in Leegality's Series A funding round. They provide early-stage funding and mentorship to startups.
- Investment Focus Areas: Early-stage startups, technology, innovation.
- Notable Investments: Not publicly disclosed.
- IIFL Securities
- Details: IIFL Securities participated in Leegality's seed funding round. The firm is part of the IIFL Group, which offers a range of financial services.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
What's Next for Leegality?
Leegality stands at the cusp of significant growth opportunities, driven by the increasing digitization of document workflows in the BFSI sector. With over 1,500 enterprise customers and a recent $5 million Series A funding, the company is well-positioned to accelerate customer acquisition, invest in product development, and enhance customer experience. The Indian lending ecosystem alone requires over 60 crore digital paperwork transactions annually, highlighting the vast market potential for Leegality's services.
Future fundraising opportunities appear promising as the company continues to scale its operations and tap into the growing demand for legally compliant digital documentation solutions. The successful Series A round suggests potential for further investment rounds, which could support expansion and technological advancements. However, Leegality may face challenges such as competition from other digital document workflow startups, ensuring compliance with evolving regulatory requirements, and maintaining high customer satisfaction while scaling operations.
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