# Apperio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/apperio

- Industry: Software
- Headquarters: London, UK
- Website: www.apperio.com
- Total disclosed funding: $12M
- Latest round: Series A (Aug 10, 2018)
- Investors on record: 4

## About

Apperio Limited, a UK-based company, specializes in legal spend analytics and matter management solutions, enabling in-house legal teams to achieve better financial oversight and strategic control over legal expenses.Founded in 2013 by Nicholas d'Adhemar, Apperio Limited operates from London, UK, providing advanced tools for legal spend management. The company has successfully completed 7 funding deals, with the most recent being a GROWTH round led by Molten Ventures, raising GBP 6.490 mn, bringing the total amount raised to GBP 6.490 mn and valuing the company at GBP 15.498 mn.Apperio offers a comprehensive suite of legal spend analytics and matter management solutions designed specifically for in-house legal teams. Their core products include AI-powered e-billing, continuous spend management, and strategic spend control, which enable firms to automate invoice reviews, track ongoing legal work, and obtain insights into both billed and unbilled legal expenses. By integrating directly with law firm time and billing systems, Apperio provides legal teams with real-time visibility into their expenditures, thereby allowing for smarter decision-making regarding vendor selection and negotiation strategies. The solutions are particularly suited for corporations across various sectors, including private equity, and are designed to enhance relationships between in-house teams and external law firms. Apperio serves clients primarily in the United Kingdom and expands into other European markets, helping organizations manage their legal spend more effectively.The revenue model for Apperio is based on a subscription framework, where clients pay for access to their legal spend management solutions. Clients typically engage in annual or multi-year contracts that provide them access to the full range of Apperio's products, including AI-driven analytics and automated e-billing features. These transactions occur directly between Apperio and its corporate clients, allowing for tailored pricing structures that can reflect the specific needs and scale of the client's legal operations. Apperio's flagship offerings, such as the AI invoice review and continuous spend management tools, are integral to this revenue model, as they not only streamline the billing process but also ensure compliance with billing guidelines. The company targets businesses needing advanced legal spend visibility and management tools, ensuring they receive value through improved efficiency and cost control in their legal operations.In May 2025, Apperio Limited will be acquired by Persuit, Inc., aiming to enhance transparency in legal spend and real-time invoice validation through the integration of Apperio's technology into its platform. This strategic move will allow Apperio to leverage new opportunities and expand its offerings in legal spend management. The acquisition is expected to amplify Apperio's reach within the legal technology sector, facilitating entry into new markets and enhancing product capabilities.

## Funding rounds

- Series A, Aug 10, 2018, $9.5M — Molten Ventures, Notion Capital, IQ Capital
- Seed, Jan 19, 2016, $2.4M — Notion Capital, IQ Capital
- Seed, Sep 6, 2013 — Seedcamp

## Investors

- Seedcamp (https://capitalatlas.ai/funds/seedcamp) — Seed
- Notion Capital (https://capitalatlas.ai/funds/notion-capital) — Seed, Series A
- IQ Capital (https://capitalatlas.ai/funds/iq-capital) — Seed, Series A
- Molten Ventures (https://capitalatlas.ai/funds/molten-ventures) — Series A