Velocity Global, Legl, Kaizan and DT One Secure Tech Funding

Life moves in the right direction for a work platform, a legaltech firm, a client intelligence platform, and a B2B digital micropayments company.

There’s plenty of talent around with Velocity Global, Legl, Kaizan and DT One all getting tech funding in London and beyond.

Work platform Velocity Global has raised $400 million (£322 million) in its Series B funding round, increasing the company’s valuation seven-fold since the same time last year.

Legl, a data-first platform for law firm operations, has closed an $18 million (£14.5 million) Series B funding round to be used for product development.

AI-powered client intelligence platform Kaizan announced its $1.2 million (£966,000) pre-seed round to be used for research and development.

DT One, a B2B digital micropayments platform, has picked up undisclosed investment from Apis Growth Fund II, a private equity fund managed by Apis Partners.

Velocity’s Hard at Work

Velocity Global is headquartered in Denver, but has a presence in London, the EU, South America, India, Singapore, Australia, et al.

The company offers a Global Work Platform through its proprietary cloud-based talent management technology. The platform offers various solutions, including global employer of record and contractor management, to help companies onboard, manage and pay staff in more than 185 countries. Clients listed on its website include Shopify, Snowflake, Databricks and Consensys.

This second round of funding is led by Eldridge and Norwest Venture Partners, which join Series A investor FFL Partners on Velocity Global’s board. The company retains majority ownership and founder Ben Wright continues as CEO and chair of the board of directors.

Profitable since its founding in 2014, Velocity Global says it has more than doubled its client roster to 1,200 over the past year and tripled the number of new supported employees to 7,000.

In 2021, the company completed acquisitions of iWorkGlobal and Shield GEO that added capabilities to its Global Work Platform.

Velocity Global will use the funds to make investments in technology, sales and marketing, as well as potential future acquisitions.

Legl and a Lively Sector

London-based Legl offers a lifecycle management platform that automates client-facing business processes and payments via CRM and no-code workflows. It has 170 mid-market UK law firms as clients. The legaltech company was founded in 2019.

Julia Salasky, Legl’s Founder and CEO, says: “By focusing on the business processes of law firms, which are complex, regulated businesses, Legl is able to enable law firms to focus on what they do best – law.”

The UK’s legaltech sector is getting reasonably lively in terms of developments and firms looking for action.

Other companies getting funding this month include SaaS platforms LawAdvisor and PocketLaw. eWeek UK also recently interviewed Aida Lutaj, Co-Founder and CEO at Legitify.

Kaizan Feels Better

On LinkedIn, Glen Calvert, CEO and Co-Founder of Kaizan, says Jigsaw VC led the funding round.

London-based Kaizan was founded last year and is designed to automate tasks using conversation intelligence. The tech firm’s website currently has a waitlist.

Kaizan explains its mission: “Focus on the client, we’ll manage the admin.”

In practice, this means the tech startup populates client work streams for the users; and provides summaries of all conversations, the next steps, and “risks and opportunities that assist the team with client retention and growth”. In addition, its platform can analyse what topics are being talked about and whether sentiment is up or down.

DT One’s the One

DT One’s HQ is in Singapore but it has a presence in London, Dubai and Hollywood (not that one, this one’s in Florida).

The fintech firm provides cross-border transfers of mobile top-ups, data bundles, gaming pins and gift cards. DT One’s network includes mobile operators AT&T, Ooredoo, Saudi Telecom and Vodafone; Grab; PayPal; and money transfer operators MoneyGram, Western Union and WorldRemit.

DT One was founded over 15 years ago with the aim of providing mobile carriers with the infrastructure and services for migrant workers and diaspora communities.

The fintech company has a proprietary platform and operates in more than 160 countries. It allows mobile users to redeem or purchase over 9,000 digital content and gift card products.

More than 1,000 enterprise customers use DT One’s solutions, and annual transaction volumes have continued to double yearly.

DT One plans to use the funding for organic expansion, product development, and pursue new acquisitions and partnerships.

Antony Peyton
Antony Peyton
Antony Peyton is the Editor of eWeek UK. He has 18 years' journalism and writing experience. His career has taken him to China, Japan and the UK - covering tech, fintech and business. Follow on Twitter @TonyFintech.
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