Thirdfort announced funding of £1.5 million from the law firm Mishcon de Reya and angel investors from London.

Thirdfort, a London, UK-based developer of a SAAS for legal documents, raised a £1.5 million ($2M) capital investment round.

The money was raised from existing investors including the law firm Mishcon de Reya, Alex Chesterman, Chris Marks (former CEO of Natwest Markets) and David Rutter (founder of R3). On top of the equity, the company also secured a convertible loan from the UK Government, as part of its Future Fund programme.

Thirdfort, founded in 2017 by Olly Thornton-Berry (CEO) and Jack Bidgood, developed a software tool available on the web and as a mobile app that combines open banking, document scanning and facial recognition technology, to streamline identity and source of funds checks carried out during legal and property transactions. Thirdfort lets lawyers and property professionals onboard their clients quickly, securely and entirely remotely.

The company previously raised a £1 million ($1.3M) capital investment round in August 2020.