Exigent launches first evergreen fund for legal tech
With top legal tech backers like Exigent, Bright Minds Capital Partners will focus on co-investment to help early stage start-ups with strategy development, infrastructure support and product development
CHICAGO and LONDON, July 3, 2019 /PRNewswire/ -- Bright Minds Capital Partners ("BMCP") has been launched today as the first evergreen fund specializing in early-stage investments in legal and data technology, focusing on AI, blockchain and big data management applications.
With leading legal tech expert Exigent as cornerstone investor, BMCP will provide not just capital, but also leadership and sector expertise to start-ups specializing in legal technology and services, data extraction, corporate data management, and optimization. Blockchain is also a key focus area: one of the first investments in the fund's portfolio is Lexchain, an immigration compliance automation tool using the latest distributed blockchain ledger technology.
In an effort to improve the way data is used for corporate decision-making, the BMCP fund has been established by a seasoned group of legal strategists, data technologists, information architects and VC experts, including CEO David Holme, who, together with Nicola Stott, founded Exigent, a leading global alternative legal services provider, over 15 years ago. With an evergreen fund and the focus on the fundamentals of investment, the BMCP team will combine capital with legal, technology and financial expertise to support the development of technology that has true impact, longevity and tangible ROI.
"We seek to attract 'Bright Minds' who can turn the current digital revolution into commercial applications. Starting with data from the legal department and with the sky as the limit. Blockchain, smart contracts, data visualization, machine learning– if you can demonstrate ROI, we are interested and can help you achieve it," said David Holme, Chairman of Bright Minds.
"We're the bridge between angel investors and Private Equity. We don't have a typical VC structure with an investment director who has no clue of how to run a business. Everybody on our team has real life experience and has seen this before," added Nicola Stott, CEO of Bright Minds.
About Bright Minds Capital Partners
Bright Minds Capital Partners is an open-ended fund investing in disruptive technology companies that are breaking corporate data silos. Based in Chicago and London, Bright Minds Capital is led by David Holme and Nicola Stott, also founders of leading alternative legal services provider Exigent. With an accomplished team of legal technology leaders and investment experts, Bright Minds co-invests alongside select industry partners to maximize sector knowledge. For more information about Bright Minds, please visit: www.brightmindscapitalpartners.com
About Exigent Group Limited
Exigent is a global alternative legal services provider operating at the intersection of law, business, and technology. With a worldwide team of over 400 attorneys, business analysts, developers, and consultants, Exigent is transforming the way legal services are offered by applying analytical thinking, smart use of technology and inventive talent, to deliver answers that impact every aspect of business performance. For information about Exigent visit www.exigent-group.com
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