BMH BRÄUTIGAM advises LexFox on million euro financing round
BMH BRÄUTIGAM has advised the Berlin-based LegalTech Startup LexFox on a mid-seven-figure financing round.
LexFox was founded in late 2016 by lawyer Dr. Daniel Halmer and started initially with the platform wenigermiete.de, a service to enforce the rent control. The portal now handles claims worth several million euros per year and conducts several thousand court proceedings in parallel. The LexFox consumer platform also includes the two online portals mehrabfindung.de and weniger-internetkosten.de.
The financing round, in which the two VC funds Earlybird and Target Global participated, is one of the first major VC investments in the area of LegalTech in Germany and the first investment of the two investors in a B2C LegalTech Startup in Europe. With the investment, LexFox wants to establish a universal umbrella brand for consumer rights and integrate the previously independent services for rental, Internet and employment contracts as well as new offers. In addition, expansion into other European markets is planned.
The contact to LexFox has been established through the network of Dr. Julian Schroeder and due to the strong reputation of BMH BRÄUTIGAM in the areas of LegalTech and Venture Capital.
Team BMH BRÄUTIGAM:
Dr. Patrick Auerbach-Hohl, Dr. Julian Schroeder (both Venture Capital)