StructureFlow, a leading legal technology startup, recently announced it had closed a €5.5 million Series A funding round. The investment will enable the B2B SaaS platform to further leverage artificial intelligence to accelerate its product development and grow its international presence to meet booming global demand.
Visualising corporate structures and transactions is critical for busy legal and finance professionals trying to cut through the complexity of intricate corporate relationships. From the first mapping of J.P. Morgan’s structure in the early 20th century to the recent dismantling of FTX’s collapsing crypto empire, structure charts have consistently served as integral tools to see the big picture, enabling teams to work through the legal, financial, and regulatory detail to find the best outcomes for their clients.
Until now, creating these charts has been hugely painful and time-consuming, involving an analogue ‘diagramming’ workflow that hasn’t changed in decades. Enter StructureFlow. Founded by Tim Follett, inspired by his experience at the prestigious UK law firm Slaughter and May, the company entirely digitises the workflow, moving beyond simplistic diagramming and unlocking the power of visual working for 21st-century professionals.
Today, StructureFlow’s platform is used by over 50 major legal and professional services firms worldwide. Its customers include prominent Am Law 100 firms such as Baker McKenzie, Bryan Cave Leighton Paisner, and Norton Rose Fulbright, as well as British ‘Magic Circle’ firms including Slaughter and May, Allen & Overy, Shearman & Sterling, and Linklaters.
StructureFlow’s highly experienced global team takes a data-centric approach to the visual modelling of complex corporate information. With a mission to create clarity from complexity, StructureFlow goes “beyond diagramming” – combining artificial intelligence with flexible drawing tools to ingest complex information like contracts, datasets, and public records and automatically visualise the content. Users can generate data-driven visual models in seconds that can be dynamically manipulated for the exact purposes of the project at hand – whether a corporate acquisition, debt restructuring, or regulatory investigation.
By empowering professionals to effortlessly use visuals to facilitate decision-making, communication, and alignment, the result is not only faster, better diagrams but also faster, better strategic outcomes.
The Series A round, which brings StructureFlow’s total funding to almost €14 million, was led by US-based FinTech fund FINTOP Capital, with follow-on investment from Venrex, part of Select Equity Group, a leading US asset management fund. FINTOP Capital’s investment in the business further strengthens FINTOP’s activity in the LegalTech sector, complementing its recent investment in Legatics, a leading transaction management platform.
StructureFlow will use this investment to realise its vision of becoming an indispensable visual layer in the professional services tech stack. Harnessing the power of AI to connect multiple data sources and systems of record into a single graphical interface, StructureFlow ensures such information remains human-readable, bridging the gap between complex data and human comprehension. They are creating a new category of technology that will become an essential tool for doing business in the decades to come.
Tim Follett, CEO & Founder of StructureFlow, said, “As a former corporate lawyer, I experienced firsthand the power of visualisation in cutting through complexity. A picture really is worth a thousand words! Yet, creating these visuals was often deeply painful and frustrating, especially late at night, stressed, spending hours moving shapes and lines in PowerPoint. There had to be a better way, and I felt compelled to find it. Our mission is to unlock the power of visualisation, making it incredibly easy to generate visual content. With the advent of GenAI, there’s never been a better time to leverage this opportunity. Our goal is to transform how professionals communicate complex information, making it faster, more efficient, and far less stressful.”
Chris Haley, Partner at FINTOP Capital, said, “Legal and professional services around the world are feeling the strain from decades of economic, technical, and social upheaval and are crying out for change. As both a former lawyer and former operator of technology scale-ups myself, I was struck by the clarity of Tim’s vision for StructureFlow, and the quality of the team that he has built around him to deliver on the promise of cutting through complexity. Change is coming to this industry, and Tim and his team, with their deep expertise across legal, SaaS, and legal tech, are extremely well placed to deliver it.”
Read the orginal article: https://www.eu-startups.com/2024/05/london-based-structureflow-raises-over-e5-5-million-to-transform-corporate-diagrams-into-visual-models-of-complex-data/
