Berlin — The legal software company Bryter wants to expand its US business with a financing round of 16 million dollars (about 14 million euros). She plans to open an office in New York in the fall. Series A is led by Dawn Capital and Accel.
Accel has already been involved since last year’s seed round, when the startup raised six million dollars (about 5.5 million euros) in a late-seed round, and is now expanding its stake. Existing investors Notion Capital, Chalfen Ventures and Cavalry Ventures are also participating in the Series A.
Bryter opened an office in London last year, and now New York is on the schedule for the fall. Bryter intends to invest the new capital primarily in expanding the US representative office.
Michael Grupp, CEO (photo center, M. Hübl left, M. Bues right): “BRYTER is developing software that can be used to develop interactive applications for decision automation, including for lawyers. One can visualize and digitize complex decisions with the software.” Bryter’s customers include many legal departments and law firms, which can create customized applications based on the no-code software it offers, such as virtual assistants, chatbots and automation tools.
Advisors to Dawn Capital: Schnittker Möllmann Partners (Berlin)
Dr. Benjamin Ullrich (Lead Partner); Associate: Daniela Machado (both Venture Capital)
Advisor Accel: Osborne Clarke (Cologne)
Nicolas Gabrysch (Venture Capital)
Cavalry Ventures: Hyacinth (Berlin)
Kristian Lutz; Associate: Johannes Steinacher (both Venture Capital)
Advisor Bryter: Taylor Wessing (Hamburg)
Dr. Jens Wolf (lead); Associate: Philipp Hoegl (both M&A/Venture Capital)
Inhouse Legal (Berlin): Konstantin Heilmann (Senior Legal Counsel)