Legaltech venture backed by Gonski family in $7.5 million raise

Legal tech startup Lawpath has raised $7.5 million in a fresh round to ramp up its local and international expansion.

The business previously raised $4.4 million in 2019 for its push into Asia, on top of $1.8 million in 2018 in an equity deal with US online law pioneer LegalZoom, and $1.3 million in 2015.

The latest raise is for growth in Australia, New Zealand and Singapore, with LegalZoom once again leading the round, which also includes support from leading businessman David Gonski’s family office, Adore Beauty chair Justin Ryan, and Ooh! Media chair Tony Faure.

Lawpath launched in 2014 as an affordable online alternative for legal work and initially targeted the startup and small business sectors.

Last year the Sydney legaltech venture launched an online legal document witnessing system after the NSW and Queensland governments changed the law in response to coronavirus self-isolation to allow documents to be witnessed using video-conferencing software. The change is expected to roll out Australia-wide as other states and territories also amend their laws

It followed on from the introduction of eSignatures on the platform in 2019.

The business says it has now helped more than 200,000 Australians find a better way to solve their legal needs.

It offers a subscription legal model starting at $29 a month for an “essentials” package, which has pro-forma documents for basic legal processes, including robo legal advice, and setup up a business and basic compliance.

The next two levels cost $89 a month, which includes some legal advice, and a $599 monthly “legal partner” package that includes dispute and litigation advice and a panel of dedicated lawyers for the business.