As funders continue to see success in emerging markets around the world, investors are also continuing to show a willingness to provide capital to newer startup funders, who are gaining footholds in these burgeoning markets. This was demonstrated once again this week as a Korean legaltech startup announced it had raised over $10 million, following its latest funding round.
An LFJ Conversation with Michael Kelley, Partner, Parker Poe
As funders continue to see success in emerging markets around the world, investors are also continuing to show a willingness to provide capital to newer startup funders, who are gaining footholds in these burgeoning markets. This was demonstrated once again this week as a Korean legaltech startup announced it had raised over $10 million, following its latest funding round.
An article by AsiaTechDaily details the announcement by Law&Good, which revealed the startup had raised $6 million through its Series A2 funding round. The capital raised will be used by the company to expand its remote lawyer hiring services, and further develop its litigation finance offering.
Law&Good became Korea’s first native litigation funder in 2022, having funded a number of local litigation proceedings, which had been referred to the company through its own platform by consumers and small businesses. Law&Good’s founder and CEO, MK Min, highlighted the company’s focus on customer experience above all else, and its use of data to select the most suitable lawsuits to finance.
