Drive Revenue, a software provider for the legal industry, has with the assistance of HAVAÍC, successfully closed its first external funding round underpinned by overseas investors.
Drive Revenue has developed a cloud-enabled financial management system which is specifically geared towards legal practices.
The system allows for an integrated and coherent system for recording time and activities; issues invoices based on inputs; produces financial accounts for the practice, customised for accounting rules of specific geographic markets and management of trust monies; and enables real time analysis of practice performance metrics.
The proceeds of the capital raise are being used by Drive to further develop system features for the modern legal practice and to actively market this cost-effective product to the local market.
The company has recently hired two full-time sales specialists, with significant experience in the legal software sector, and a senior systems / business analyst.
HAVAÍC advises and invests in early-stage, high-growth businesses, offering access to local investments with global prospects.