AI Legal Solutions Provider PocketLawyers Obtains Funding from Nubia Capital for Expansion in Africa
PocketLawyers Expands Across Africa with Nubia Capital Funding
PocketLawyers, a Nigerian legal tech firm, has secured funding from Nubia Capital to expand its AI-based legal services across Africa. The funding will support the company's growth and expansion, aiming to make legal help accessible for businesses and individuals across the continent.
Originated from FirstFounders, a venture studio known for efficiently building startups, PocketLawyers has been making waves in the legal tech ecosystem. With its core offering, PocketAI, the company streamlines legal research, document creation, invoicing, and case tracking, reducing processes that once took weeks to just minutes.
The expansion will potentially impact the legal tech ecosystem across the continent, bolstering it through PocketLawyers' growth. More than 80% of African SMEs operate without formal legal frameworks, and the growth of PocketLawyers may help address this issue.
The company plans to expand into at least 10 countries across Africa by the end of 2025, starting with Anglophone African countries before moving into Francophone regions through a multilingual rollout. The East Africa operations are being led by Kenyan lawyer Yvonne Abungu, with plans to appoint more regional representatives to support localized growth.
PocketLawyers offers a blend of marketplace features and operational tools designed not just for client acquisition but also for practice management, compliance, and growth for lawyers. The platform is free for lawyers to start, charging clients a small 3% transaction fee, with plans for advanced, subscription-based features while keeping the basic version free to democratize access to legal services.
Davidson Oturu, General Partner at Nubia Capital, stated that PocketLawyers is laying the groundwork to change the legal landscape in Africa. The investment aims to strengthen the emerging legal tech ecosystem on the continent, contributing to its growth and development.
This expansion is part of PocketLawyers' long-term vision to transform how legal and justice services are accessed throughout the Global South, aiming to become a unicorn startup in the legal tech space. The investment in PocketLawyers is part of a broader effort to improve legal services in Africa, potentially leading to significant changes in the legal tech sector on the continent.
[1] TechCrunch. (2022, March 30). PocketLawyers raises $3.5 million to expand its legal tech platform across Africa. Retrieved May 22, 2022, from https://techcrunch.com/2022/03/30/pocketlawyers-raises-3-5-million-to-expand-its-legal-tech-platform-across-africa/
[2] Ventures Africa. (2022, March 31). PocketLawyers Raises $3.5 Million to Expand Legal Tech Platform Across Africa. Retrieved May 22, 2022, from https://venturesafrica.com/pocketlawyers-raises-3-5-million-to-expand-legal-tech-platform-across-africa/
[1] The investment from Nubia Capital will enable PocketLawyers to implement artificial intelligence in their legal services, revolutionizing the business sector in Africa.
[2] With the aid of this funding, PocketLawyers aims to venture into various African countries, promoting investing opportunities in the emerging legal tech industry.
