River Capital backs Liverpool legal tech start-up

SME funding specialist River Capital backs Liverpool legal tech start-up which has plans to create 13 full-time jobs. Tony McDonough reports

Lexio
From left, Ste Aspin and Tom Elsworthy of Lexio with River Capital’s John Gray

 

A new Liverpool legal tech consultancy says it will create 13 jobs in the next two years.

Lexio Technologies has secured a loan via Liverpool SME funding specialist River Capital from the Smaller Loans fund managed by River Capital and GC Business Finance as part of the Northern Powerhouse Investment Fund II. The value was not disclosed.

Founded in May 2025 by Ste Aspin and Tom Elsworthy, Lexio Technologies provides specialised IT support services to firms using Proclaim or Actionstep CMS platforms. This addresses what they say is a critical gap in the market.

It focuses on Case Management System (CMS) support and development as well as custom integrations and applications for the UK legal industry and beyond.

A key differentiator for Lexio is its recent certification as an Actionstep Certified Partner, making them one of only a few providers in the UK qualified to support this rapidly growing global legal software platform. 

Ste has spent almost two decades in leadership roles across healthcare and legal industries and most recently as commercial and operations director at Techedia in his last role, where he doubled both revenue and headcount during his tenure.

He said: “The legal sector desperately needs specialised IT support that CMS providers don’t directly offer, but most firms can’t justify the cost of full-time specialists.

“Our model provides expert support at a fraction of the cost of in-house teams while delivering predictable recurring revenue for sustainable growth.”

Tom started his career as a Proclaim developer and progressed through successive leadership positions in his previous role, leaving as technical director. 

This new cash injection will support working capital requirements as Lexio scales its technical team to meet growing client demand. It has plans to create 13 full-time positions across developers, senior developers, and specialised management roles.

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Sue Chambers, senior investment manager at River Capital, added: “Lexio represents exactly the type of innovative, high-growth potential business that River Capital seeks to support.

“Ste and Tom bring exceptional industry expertise and established relationships that position them perfectly to capitalise on the growing demand for specialised legal tech support.”

The £660m Northern Powerhouse Investment Fund II covers the North of England and provides loans from £25,000 to £2m and equity investment up to £5m to help small and medium-sized businesses to start up, scale up or stay ahead.

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