Australian legal tech firm Nexl has secured $35 million (US$23 million) in Series B funding led by Tidemark Capital, with participation from existing investors.
The capital injection will drive expansion of Nexl’s AI-enabled law firm management platform and fund targeted acquisitions. The company said the move positions it to meet rising demand for data-driven solutions across global legal practices.
Founded in 2018 by Philipp Thurner, a former Gilbert + Tobin employee, Nexl began as a “LinkedIn for lawyers” before evolving into a global platform that integrates customer relationship management (CRM), referral tracking, pipeline management, and business development tools. It is now used by 150 law firms worldwide.
“Nexl gains capital and access to a playbook and community that has powered some of the most successful vertical SaaS companies in the world,” Thurner said.
“When every lawyer is empowered to contribute to growth, and BD and marketing step into their rightful place as strategic partners rather than support functions, firms unlock their true potential.”
Tidemark Capital, led by long-time tech investor Dave Yuan, has backed companies including Facebook, LinkedIn, and Xero. Yuan said Nexl’s approach demonstrates how purpose-built technology can transform professional services.
“Nexl represents a step-function change in legal CRM, purpose-built from the ground up to solve challenges unique to law firms,” Yuan said.
“By fusing relationship intelligence with CRM, they’ve created a rich user experience that occupies a true control point in the industry.”
Tidemark partner Andrew Walsh added that Nexl’s understanding of the legal sector positions it to deliver “transformational AI products that drive real change in how law firms operate.”
The funding shows how private investment and enterprise competition continue to drive digital transformation in professional services. Nexl’s expansion reflects a market-oriented approach to innovation, improving productivity and efficiency without reliance on regulatory intervention.