Norwegian Legal Tech Startup Advokatguiden to Raise 7 Million NOK
Dec 5, 2022
Advokatguiden offers a platform for reviewing lawyers, similar to how Tripadvisor lets users review restaurants and hotels. All national lawyers are listed on the platform. Lawyers can claim their profile and enrich it with more information. The lawyer guide earns money by highlighting lawyers that pay for the service, while also introducing potential new clients to the lawyers.
After its launch in Norway in 2020, Advokatguiden has since expanded to Sweden, Denmark, Switzerland and the Netherlands. In 2023, the company will expand its operations to the United States and several other large European countries. The websites are marketed internationally under the brand "TheLawyerGuide.com". Now the company is raising money through a share issue on the crowdfunding platform Folkeinvest.no, which values the company at NOK 42 million, equal to approximately 4 million EUR.
"We want to raise capital to enable a successful launch in the world's largest lawyer market, which is the US. We are already in the process of increasing our European presence. The launches in Switzerland and the Netherlands were our first outside Scandinavia. We are in an exciting phase where we will launch in the UK, Italy, France and the US in 2023," says Ali Ahmed, CEO of Advokatguiden.
Ali Ahmed is a former lawyer and the general manager of Advokatguiden. He was hired earlier this year when he took over the position from the IT entrepreneur and former lawyer Erling Løken Andersen, who started the platform in 2020. Ahmed will now lead Advokatguiden's operations in the Nordics and realise the company's ambitious plans of international expansion.
"Advokatguiden is poised to become the world's largest lawyer review platform. We have a well-developed platform, which we will continuously improve and launch in new markets. The aim is to make a real breakthrough in the US and challenge the American lawyer market," says Ali Ahmed.
Since its start in 2020, TheLawyerGuide.com, which is the collective term for all the national websites, has attracted almost one million visitors across its three markets in Norway, Sweden and Denmark. The platform has also collected more than 3,000 lawyer reviews from verified clients, mediated close to 1,000 legal assignments and more than 1,000 lawyers have adopted the platform.
The crowdfunding campaign is now live on Folkeinvest.no and lasts until the 14th of December 2022. Anyone can invest in the round, with a minimum subscription of shares of NOK 4,200. So far, the campaign has raised NOK 3.7 million.
Contact Information:
Ali Ahmed
CEO
[email protected]
+4792082170
Press Release Service by Newswire.com
Original Source: Norwegian Legal Tech Startup Advokatguiden to Raise 7 Million NOK
More News
BCCI denies reports of India-Sri Lanka ODI shifting from Delhi to Ahmedabad
The Board of Control for Cricket in India has addressed the rumors regarding the India-Sri Lanka ODI match. According to BCCI Honorary Secretary Devajit Saikia, the match remains scheduled in Delhi. He emphasized that no decision has been made to shift the venue to Ahmedabad. Saikia urged the media to rely solely on official BCCI communications for updates.
PM will denotify democracy tomorrow: Dipke on Jantar Mantar's denotification as protest site
Abhijeet Dipke, founder of the Cockroach Janta Party, criticized the denotification of Jantar Mantar as a protest site. He stated that it might lead to nationwide protests resembling the previous protests at Jantar Mantar. Dipke emphasized that Prime Minister Narendra Modi could potentially denotify democracy as well. He claimed that the issue lies not in the protest site itself but in the concept of protests.
PM will denotify democracy tomorrow: Dipke on Jantar Mantar's denotification as protest site
Abhijeet Dipke, founder of the Cockroach Janta Party, criticized the denotification of Jantar Mantar as a protest site. He stated that it might lead to nationwide protests resembling the previous protests at Jantar Mantar. Dipke emphasized that Prime Minister Narendra Modi could potentially denotify democracy as well. He claimed that the issue lies not in the protest site itself but in the concept of protests.
Jantar Mantar is 1.5 km from Parliament, Burari Ground 21 km away: How Delhi’s new protest venues compare in distance and history with the old site which hosted Anna Hazare
Jantar Mantar sits 1.5 km from Parliament and spent over three decades as Delhi’s main protest ground. Now Delhi Police has replaced it with three new sites spread across the city. This slideshow covers how far those sites are from Parliament and what made the original venue so historically significant.
Jantar Mantar is 1.5 km from Parliament, Burari Ground 21 km away: How Delhi’s new protest venues compare in distance and history with the old site which hosted Anna Hazare
Jantar Mantar sits 1.5 km from Parliament and spent over three decades as Delhi’s main protest ground. Now Delhi Police has replaced it with three new sites spread across the city. This slideshow covers how far those sites are from Parliament and what made the original venue so historically significant.
Chinese car makers increasingly rely on overseas markets as September exports surge
China’s passenger car exports jumped 64% year-on-year in September to about 919,000 units as automakers increasingly looked overseas to offset weak domestic demand. Chinese brands are expanding rapidly across Europe, Latin America, Southeast Asia and Africa, but tariffs and geopolitical pushback are pushing companies such as BYD to manufacture more vehicles locally in foreign markets.
Keralam Assembly passes resolution for removal of CEC Gyanesh Kumar
‘Our stand is unequivocal. The right to vote must be protected,’ Keralam Chief Minister V D Satheesan said
GCCs gain share of India's office leasing as demand mix shifts
The landscape of India's office market is evolving as demand shifts with a notable increase from global capability centres and flexible workspace operators. Traditional IT service firms are experiencing a downturn in leasing activity. While Bangalore retains its status as the top destination for global capability centres, Hyderabad is surging in leasing growth.
Supreme Court urged to list contempt plea urgently over alleged release of GM rice
Lawyer Prashant Bhushan informed the SC bench that approval for cultivating herbicide-tolerant GM basmati rice has been granted, and the contempt plea should be heard soon.
Airbus tests US-built combat drone in Europe, eyes Eurofighter teaming in 2027
Airbus has successfully conducted a test flight of the Valkyrie drone in Europe, demonstrating the potential for military drone integration. The flight showcased the drone's capabilities as it reached speeds of Mach 0.8 during various maneuvers. A partnership with Kratos Defense aims to equip the German Air Force with combat drones by 2029. Expected costs and specifications are under evaluation, with a focus on European production possibilities.
Gujarat classifies 268 talukas into two categories under new industrial policy to promote investment
The Gujarat government has classified 268 talukas across 34 districts into two categories for future investment prospects. This initiative intends to promote balanced development, focusing on new entrepreneurs and industrial expansion. The revised classifications will help businesses understand applicable incentives based on their project's location. The industrial policy also emphasizes supporting MSMEs, startups, and green initiatives. Overall, the government aims to accelerate industrial investment throughout Gujarat with these new guidelines.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.