The Leading Legal Tech Software Company in Latin America Will Use Investment to Accelerate International Expansion, Product Development and Innovation
Santiago, Chile – June 28, 2019 – Lemontech, a LATAM leader in technological solutions for law firms and corporate legal departments, announced today that it has received a majority investment from Accel-KKR, a leading Silicon Valley-based investment firm. Lemontech will use the investment to accelerate its international expansion, grow and strengthen its product portfolio and invest in its human capital.
“Years ago we made the decision to be a WorldClass provider of technology in the legal industry. Our products facilitate the day-to-day operations of tens of thousands of lawyers in Latam. Partnering with a private equity fund from Silicon Valley with the reputation of Accel-KKR is a strategic step for us to scale Lemontech globally. We are grateful for the trust and confidence placed in Lemontech by more than a thousand law firms and corporate legal departments and we will continue to innovate to provide the best technology solutions possible to them,” said Ignacio Canals, Founder and Chairman of Lemontech.
Lemontech offers two industry-leading products: TimeBillingX and CaseTracking. TimeBillingX is a multi-tenant SaaS platform that allows law firms and lawyers to accurately track their time allocation per engagement, provides flexible billing methods (retainer, by hour, etc) and gain valuable insights and reporting on firm productivity. CaseTracking automates and monitors case updates and notifications with the court systems throughout Latin America for law firms and enterprise legal departments, particularly for those that manage large volumes of judicial cases. The Case Tracking product currently monitors and manages over 1.5 million cases throughout LATAM.
For more than 15 years, Lemontech has been a market-leader in providing cloud based, SaaS solutions for legal practitioners in Latin America, focusing on customer experience, service and satisfaction. Overtime, Lemontech has expanded from its home market in Chile to over 18 geographies across Latin America and currently serves over 1,000 law firms and over 10,000 lawyers manage their operations more efficiently.
“Lemontech is a Company that we have known for over four years and built a close relationship with prior to investing. We are very excited about the Company’s long-term growth prospects and eager to partner with Ignacio, the founder of the Company, and the rest of the management team that we’ve known for a long time. Through this partnership, we are focused on solidifying the Company’s market-leading position and accelerating the growth of the business throughout the LATAM region,” said Tom Barnds, Founding Partner and Managing Director at Accel-KKR.
In addition to funding, Accel-KKR will serve in an advisory capacity in several areas for Lemontech. Tom Barnds and Rob Palumbo, Founding Partners at Accel-KKR, will join the Lemontech Board of Directors, as well as John Crowell, who leads the firm’s efforts in the Latin American region.
For more information on Lemontech, please visit https://www.lemontech.com.
Based in Santiago, Chile, Lemontech is the Latin American leader in SaaS software for law firms and corporate legal departments, with clients across 18 geographies in the Latin American region. Lemontech’s main product offering includes TimeBilling and CaseTracking, legaltech solutions geared toward tracking and managing billable hours to clients as well as judicial case management. Currently, over 1,000 law firms and over 10,000 legal practitioners use Lemontech to manage their business. For more information, please visit https://www.lemontech.com.
Accel-KKR is a technology-focused investment firm with over $8 billion in capital commitments. The firm focuses on software and IT-enabled businesses, well-positioned for topline and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across a wide range of transaction types including private company recapitalizations, divisional carve-outs and going-private transactions. Accel-KKR is headquartered in Menlo Park, California, with additional offices in Atlanta, London and Mexico City.