Immediation, labelling itself the world’s leading digital dispute resolution provider, announced it has received AUD$5 million (USD$3.5 million) in further funding from a consortium of institutional and private investors, managed by Euroz Hartleys. This AUD$5 million comprised the second tranche of an $8.5M raising. Immediation has now secured four institutional investors on its register, including Thorney Technologies, SG Hiscock, Wunala Capital, and Perennial Private Investments, the private capital business of major Australian investment management company, Perennial Partners.
The capital will be used to continue the Company’s rapid expansion in the U.S. and EMEA markets and grow its global sales force to meet growing demand for its purpose-built legal technology.
“To secure this new funding in this market is a huge endorsement of our rapid expansion into new markets, leading technology and business plan,” said Laura Keily, founder and CEO of Immediation.
Over the past six months, Immediation has launched operations in the U.S., UK, and Asia, and sealed global partnerships with leading legal brands including the International Institute for Conflict Prevention & Resolution, alternative dispute resolution complex Maxwell Chambers, and Clio, the world’s leading provider of cloud-based legal technology. These agreements have greatly expanded Immediation’s reach to mediators, arbitrators, and attorneys around the world.
Immediation has raised a total of AUD$19 million in investment and grant funding since March 2017.
Immediation provides an end-to-end dispute resolution platform, including dispute case management, evidence management, digital hearings, legal video collaboration and drafting software. It also provides dispute resolution services. Created by lawyers, its functionality, specialization, and access delivers the judiciary, lawyers and neutral parties the capacity, capability and control to successfully handle complex legal interactions online. Immediation is already in use by courts, governments, dispute resolution organizations and law firms for local, national, and international matters.