Crowdfunded Online Legal Service Aims to Raise Another £120k
By legalitinsuder, January 26, 2014
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LawBite – www.lawbite.co.uk – the plain English online legal service for SMEs, has launched a second round of crowdfunding via the Crowdcube platform. Last May investors pumped £240,000 into LawBite in just ten days, in one of the fastest funding rounds in Crowdcube history. In total LawBite raised £450k in cash and in kind in that funding round. Since then the business has seen a surge in international interest and has agreed partnership agreements with a string of affiliates in the UK. Having notched up 2,000 signups in just three months of advertising trials, the firm has now trebled its profit target for the third year. With its horizons broadening and its ambitions raised, LawBite is now seeking to raise a further £120k from Crowdcube investors to fund these new opportunities.
