Nexl, a company that combines customer relationship management with revenue operations for law firms, has raised $23 million in Series B funding. The round was led by Tidemark Capital and will be used to further develop Nexl’s platform and expand its leadership team.
Nexl says its platform is designed to help law firms better align their lawyers with marketing and business development teams by centralizing growth-related data and processes, integrating relationship intelligence, revenue insights and market data into a single system.
Currently, the platform is used by more than 150 law firms and includes features such as relationship mapping, project management and integration with Microsoft Office 365 to reduce manual data entry.
In a statement, CEO Philipp Thurner said the investment strengthens Nexl’s position as a long-term growth partner for law firms and supports its aim of improving how firms operate and compete.
