
Isai invests in Legalstart.fr
Isai has acquired a minority stake in France-based Legalstart.fr, an online legal services platform operator.
The GP has drawn equity from its €150m Isai Expansion II vehicle, which was also used for the co-investment in Ividata alongside Keensight.
The fund typically provides growth capital between €5-30m in French digital tech and software development companies.
Isai will support the company's plans to hire more professionals (lawyers, notaries, accountants) and it will also take into consideration whether to make strategic acquisitions.
Company
Founded in 2013 and headquartered in Paris, Legalstart.fr operates an online platform allowing entrepreneurs and small businesses to manage all their legal, administrative and accounting processes online exclusively.
On the platform, an entrepreneur can start a business, hire an employee, manage their bookkeeping, deposit a trademark or recover their outstanding payments. When more complex issues arise, Legalstart.fr is able to introduce clients to specialised lawyers.
The business employs 60 people.
People
Legalstart.fr – Pierre Aïdan, Timothée Rambaud (founders).
Isai – Pierre Martini (managing partner); Antoine Lacourv (partner); Christophe Poupinel (operating partner).
Advisers
Equity – Cabinet d'Ornano (legal, financial due diligence, tax).
Company – Jones Day (legal).
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