# LegalTrek

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

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.legaltrek.com
- Total disclosed funding: $0.1M
- Latest round: Seed (Oct 1, 2013)
- Investors on record: 2

## About

LegalTrek provides innovative legal practice management solutions that enhance law firm operations, focusing on customizable access management, time tracking, reporting, and invoicing to improve efficiency and security.Founded in 2013 and headquartered in Berlin, Germany, LegalTrek specializes in legal practice management software. The company has raised EUR 0.14 million through 5 deals, with its most recent funding round being a VENTURE DEBT of EUR 0.1 million from Eleven Ventures in January 2015.LegalTrek specializes in comprehensive legal practice management solutions designed to streamline operations for law firms. Their core product offerings include customizable access management, time tracking, reporting, and invoicing systems. These features are aimed at enhancing the security of client data, efficiently tracking billable hours, and facilitating the invoicing process for clients across various currencies. LegalTrek caters primarily to law firms seeking to optimize their workflows and improve overall efficiency. The platform's customizable structure allows firms to adapt its functionalities to fit unique operational needs, including department configurations and tailored rate settings. LegalTrek's products are marketed to a diverse client base in Europe and North America, targeting both small and mid-sized law offices looking to modernize their legal practice management.LegalTrek generates revenue through a subscription-based model, where law firms pay for access to its suite of management tools and services. These subscriptions encompass various pricing tiers based on the number of users or the level of features required, allowing firms to choose a plan that aligns with their operational scale and needs. Transactions typically occur on a recurring basis, with clients billed monthly or annually for continued access to the platform. The structure of these transactions facilitates long-term partnerships, as law firms often rely on the software for ongoing operational management. LegalTrek's offerings, including its flagship management solution, are positioned to provide value to clients, thereby supporting steady revenue generation through established billing practices.LegalTrek plans to utilize the recent funding from the VENTURE DEBT round to further develop its product offerings and enhance its platform capabilities. The company aims to introduce new functionalities that will be tailored to the evolving needs of law firms. Additionally, LegalTrek is exploring opportunities for expansion into new markets within Europe and North America, with a focus on enhancing its presence in countries experiencing growth in legal technology adoption. The strategies set in place are expected to drive growth through increased customer acquisition and retention.

## Funding rounds

- Seed, Oct 1, 2013, $0.1M — StartLabs, Eleven Ventures
- Seed, Apr 1, 2013, $0M — Eleven Ventures

## Investors

- Eleven Ventures — Seed
- StartLabs (https://capitalatlas.ai/funds/startlabs) — Seed