business news

Digital legal platform Immediation raises AU$3.6Mn to expand in the US

Digital legal platform Immediation raises AU$3.6Mn to expand in the US
Digital legal platform Immediation raises AU$3.6Mn to expand in the US

Immediation, an Australian dispute resolution platform, has reportedly announced that it has raised more than $3.6 million AUD (approximately USD 2.7 million) to expand in the US and European market.

According to reports, the platform has already been adopted by the Australian federal courts as well as the government agencies of New Zealand. Seemingly, Thorney Investment Group, as well as its founder and chair, Alex Waislitz, are two new investors that participated in the investment round.

As a result of the Covid-19 outbreak, the legal profession was compelled to cobble together remote work practices, which often included a blend of video conferencing as well as emails. Founded in 2017 Melbourne, Australia, and launched in 2019, Immediation offers customized digital courtroom, mediation tools, and other legal solutions.

The startup’s revenue has surged up to six times y-o-y and there has been a 2,000% increase in terms of  the user growth. Immediation employs over 40 individuals in five nations, as well as a panel of over 100 mediators and arbitrators. Immediation’s total funding raised now stands at $10 million AUD.

Immediation also has users in the Southeast Asian markets in addition to Australia and New Zealand and will invest the next 12 months on growing its presence in the US as well as European markets.

Laura Keily, founder and managing director of Immediation, who worked as a barrister as well as a corporate lawyer for more than 20 years, stated that the beginning of the pandemic was a turning point and the Immediation team addressed the constant shift in legal industry’s dynamics and came up with blueprints to offer a flawless online transaction.

Keily further explained that the client-lawyer teams can interact under absolute confidentiality with their own team, even when proceedings are in full motion, understanding that no one else, by purpose, can access those conversations or join the party room.

Speculatively, the startup appointed Christine Christian, the chair of Auctus Investment Group as well as Tamara Credit Partners, as the company’s new chair, and named Greg Wildisen and Rachael Neumann to the board.

Source credit: https://techcrunch.com/2021/10/17/dispute-resolution-platform-immediation-gets-3-6m-aud-to-expand-in-the-u-s/

About the author

Sunil Jha

Sunil Jha has been a part of the content industry for close to two years. Having previously worked as a voice over artist and sportswriter, he now focuses on writing articles for newsorigins.com, across a slew of topics, ranging from technology to trade and finance. With a business-oriented educational background, Sunil brings forth the expertise of deep-dive research and a strategic approach in his write ups.