Legal software company Bundledocs announces funding raise as demand for paperless solutions increases
Bundledocs, the cloud-first document bundling software provider, has secured €600,000 in funding from Enterprise Ireland and private investors. The funding will be used by Bundledocs to accelerate growth globally through investment in product development and sales and marketing. Headquartered in Cork, Ireland and with a newly opened office in Sydney, the company plans to double the team in the next three months.
With over 700 clients across 34 countries, Bundledocs has become the market leader in the electronic document production space, working with the legal sector. Demand for Bundledocs’ paperless solutions has increased by over 40% in recent months as professionals in the legal space moved to remote working.
Commenting on the successful funding round, Bundledocs CEO Brian Kenneally, said: “Today’s announcement marks a real step change for us as a company. We started out with a small team and I am very proud of the tremendous amount we have achieved to date. The last two years has seen Bundledocs scale rapidly. Our client base has grown to include many of the world’s Top 200 law firms, as well as in-house Government departments in the UK, Australia, Ireland and the US.
“With this funding, we can now accelerate that growth, strategically building out our global team in our key markets. We recently opened an office in Sydney and with the help of Enterprise Ireland, we will be expanding our presence across Asia-Pacific.”
Mr. Kenneally added: “Due to Covid-19 restrictions, many sectors, including the legal sector, have had to adapt very quickly to a new way of working. Bundledocs is perfectly positioned to support traditionally paper-heavy sectors such as the legal profession as they increasingly rely on digital methods of communication. We are revolutionising the space by creating a cloud-first, completely paperless workflow, that not only reduces paper waste but decreases costs and creates significant efficiencies for our clients.”
Niall McEvoy, Manager High Potential Start-ups at Enterprise Ireland added: “Bundledocs is a fantastic example of an innovative Irish company who identified a growing challenge and trend for a sector and designed an effective solution. The calibre of their clients and their recent growth are a testament to both the quality of their product and its longevity as industries adapt to working remotely for the long-term.
“We are delighted to be supporting the team and look forward to their continued international success.”