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Home Funding

Hence Technologies, a Rwandan online marketplace for lawyers, has received $1.8 million in funding

Tech Gist Africa by Tech Gist Africa
03/20/2022
in Funding, News - East Africa
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Hence Technologies, a Rwandan online legal marketplace, has raised $1.8 million in seed funding. This brings the total cash raised by the company to $2.6 million so far.

Daybreak Partners, Broad Creek Capital (a global private investment company founded by two former lawyers Matthew Ruesch and Michael W. Green), Daglar Cizmeci, and a number of additional angel investors participated in the round.

Hence Technologies, founded in 2020 by Steve Heitkamp, Sean West, and Arun Shanmuganathan, matches internal legal teams of its client companies with external legal service providers using data from various sources, allowing it to recommend lawyers based on the nature of the assignment, location, and cost considerations.

“Only a little amount of data and information is used to make hiring decisions. We also thought that the corporations were squandering an opportunity to use data from their own experiences. “If a corporation spends $200 million a year, there is an opportunity to discover a lot of different things, such as what works well and what doesn’t,” Heitkamp explained.

“We want to use the funding to develop our workforce, notably technical talent, with some additional marketing spending,” Heitkamp added. We’ve already hired someone with a background in marketing and experience working with law firms.”

 

Read More on Tech Gist Africa:

Shatablee, an Egyptian design tech startup, has raised $1.2 million in funding

Moove, a Nigerian mobility fintech startup, has raised $105 million in a Series A2 round.

Formerly known as Sokowatch, Kenyan e-commerce startup Wasoko has raised $125 million in Series B funding

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