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Two South African legal-tech startups, Legal Lens and BriefCo have secured an undisclosed amount of funding from Imvelo Ventures, a local venture capital company founded by Capitec Bank and Empowerment Capital Investment Partners. The funding will be used to help the startups to scale operations.
BriefCo is a legal expense consultancy that leverages technology; Legal Lens is a legal spend management company that uses natural language processing and machine learning to control legal spending and reduce unnecessary legal fees. The two startups are part of the Cycad Group.