Peppermint Technology, a Nottingham-based legal cloud software provider, has secured over £7 million of strategic investment from Accel-KKR, a Silicon Valley technology-focused investment firm and existing investors Scottish Equity Partners (SEP).
The funding will support management’s plan to accelerate growth, further develop their Legal SaaS platform and scale resources to solidify the company’s market position in the legal IT sector.
Gary Young, CEO of Peppermint Technology, said: “This is a very exciting time for Peppermint. The backing of both Accel-KKR and SEP reinforces that our innovative approach to transforming legal services through technology fundamentally sets us apart in the industry.
“When I joined the Company in early 2018, I recognised a real opportunity to make a difference in the legal sector. With this investment, we will continue to enhance our product offering and accelerate our go-to-market strategy, whilst focusing on the delivery of a great experience to our customers.”
Samantha Shows, Managing Director at Accel-KKR, said: “Since we first began conversations with Peppermint, we have been impressed with the sophistication and focus of the management team and their mission to leverage technology to make their customers lives easier and more efficient.
“We are excited to back this customer-centric business as they continue building their momentum in the market.”