London legal technology startup Apperio has secured £1.7m in a seed funding round.
The company, which provides a real-time legal fee tracking platform, said it has been backed by Notion Capital, NextLaw Labs and IQ Capital among others.
This was Apperio's second funding round and was led by Notion Capital, which focuses on cloud computing and software-as-a-service markets.
Apperio said that, since forming in 2013, it has formed partnerships with 17 of the top 100 law firms and monitored £20m in legal fees through its system.
Notion Capital partner Ian Milbourn said: “I have thought for some time now that the legal sector is ripe for disruption with the right technology and Apperio is well placed to spearhead this.
“The time has come for transparency in legal fees, and law firms and their clients are recognising this.”
Apperio founder and chief executive Nicholas d’Adhemar, said: “This investment from such a fantastic syndicate really supports our mission to bring meaningful transparency to the legal industry.
“With the new funding we will be able to grow our core teams to further strengthen our products and support our clients.”