The latest startup launched by Indianapolis-based venture studio High Alpha has closed a $2.25 million round of funding. Doxly says it plans to use the money to boost its technology platform and hire more employees.
High Alpha Capital, Hyde Park Venture Partners and Nextlaw Labs, a business accelerator developed by Chicago-based law firm Dentons, contributed to the investment. Doxly says it has also added Dentons as a customer for its legal transaction management platform.
"We are thrilled to be partnering with Nextlaw Labs, Dentons, and Hyde Park to further our vision of using software to transform the legal industry," said Haley Altman, co-founder and chief executive officer of Doxly. "My mission for Doxly is to build a product that makes attorneys’ lives better and shines a brighter light on the value attorneys provide clients. Dentons and Nextlaw Labs’ expertise in law and legal tech, combined with High Alpha and Hyde Park’s expertise in enterprise software, will help us accelerate this vision."
High Alpha launched Doxly in July. Kristian Anderson, a partner at High Alpha, says Doxly has made tremendous strides since the launch. "The investment from Nextlaw Labs, coupled with the addition of Dentons as a customer, really validates Doxly’s value proposition and underscores the magnitude of the opportunity before them."