Datalaw, the online legal trainer, is looking to quadruple its offering of digital learning courses having received significant financial backing.
A six-figure investment from the North West Fund for Venture Capital, managed by Enterprise Ventures, has secured a minority stake in the Liverpool business.
Managing director at Datalaw Charles Peter has said that the money would allow the law firm to significantly increase its offering and help fund a new technology platform.
The investment has already helped Datalaw to make key appointments in research and development, marketing, and digital development to support its growth strategy.
Datalaw currently delivers more than 350 continuing professional development courses nationally, through webinars and podcasts to thousands of solicitors that cover over a dozen areas of law; as well as mandatory courses and examinations necessary for solicitors to represent clients in police stations and magistrates’ courts.
Charles Peter said:
“Having grown to become one of the UK’s largest and most innovative providers of online legal training, with particular strengths in criminal and family law, we have been planning the next phase of our expansion.
“Over the next 12 months, we aim to quadruple the number of courses we deliver, reaching a wider range of lawyers. We will also be launching a new technology platform.
“This investment from the North West Fund for Venture Capital is a major endorsement of our strategy.”
The North West Fund for Venture Capital supports entrepreneurs building high-growth companies, offering finance from £50,000 to £2 million. Part of the North West Fund, it is financed by the European Regional Development Fund and the European Investment Bank.
Will Clark of Enterprise Ventures, said:
“Datalaw is a business with a proven track record of innovation and growth. This new investment will allow it to further develop its offering.”
Words: Peter Cribley