By LE Desk
May 19, 2021: Libryo platform, based in Cape Town and London, that helps organisations get to know about the law that applies to their business in a simple-to-search and easy-to-read format, has secured £1.35 million funding.
The funding was led by Future Energy Venture. Other existing and news investors including, UK Government’s Future Fund and Nextlaw Ventures, also participated, UK Tech news reported.
With the new funding, the company is focusing on providing EHS law to a range of industries, including energy producers, mining and metals companies, apparel brands & supply chains, FMCG, and waste & recycling. It is also strengthening its partnership with IsoMetrix, Rubicon, and CleanChain.
Founded in 2016 by Garth Watson, Malcolm Gray, and Peter Flynn, Libryo aims to build the world’s legal database, creating a global marketplace where users can seamlessly obtain legal content and professional services.
The company’s software solution provides five modules to support businesses with knowing, understanding, and complying with their legal requirements.
Libryo provides multi-jurisdictional organisations with a single platform for accessing their Environmental, Health & Safety (EHS) regulatory requirements. Recently, the company also launched Libryo Assess, a new module that helps organisations gain visibility of their compliance status and risk levels across each of their operating sites.
To date, over 400 customers and 15,000+ users across more than 75 countries have used Libryo’s legal compliance software. Headquartered in London, Libryo team spans 10 countries across 7 different time zones.
Malcolm Gray, Libryo co-founder, and CFO, said “Our positive customer feedback and strong partner support continue to give us confidence in what we are doing, and the strength to continue to make an impact. Together we will keep on having fun, making money, and doing something good as we help companies navigate an increasingly complex regulatory environment.”