Notion and NLV back ProFinda

UK-based ProFinda, an AI-powered platform, has raised a total of 4.8 million pounds (about $6.5 million) in funding. The investors included Notion Capital and Nextlaw Ventures.

PRESS RELEASE

London, UK, Jan 3rd, 2018 – following its latest investment round, AI-powered “expertise finding” platform ProFinda has now raised a total of £4.8 million from a number of investors, including VCs Notion Capital and Nextlaw Ventures, and some highly strategic Business Angels. The latest investment will help ProFinda to change the way that organisations discover and tap into internal expertise and knowledge.

Roger Gorman, CEO of ProFinda, discussing the recent investment said, “Our work is helping to disrupt the future of work landscape. ProFinda’s latest investment puts us in a powerful position to continue to deliver our fast-paced and ambitious roadmap. With the new investment, we will strengthen our proposition, refine our technology and ensure we continue to build out our impressive and experienced team”.

ProFinda’s AI-powered engine helps to address a key issue in many companies – the fact that they are brimming with amazing knowledge that is wasted because firms cannot identify the skills that exist within their workforce. This hurts utilisation, performance and culture.

ProFinda’s AI-powered engine builds a dynamic map of all the skills, knowledge, connections and expertise available across a company. Machine learning helps to match the people with the right expertise to others who require their assistance. ProFinda gives firms an accurate birds-eye view of all the knowledge contained across their entire talent pool – including employees, alumni, freelancers and other contractors. With the rise of remote and flexible working, and as businesses wrestle with ongoing poor global productivity figures and low employee engagement, ProFinda is uniquely positioned to help companies reinvent the way they embrace, empower and understand their workforce.

About ProFinda
Since its launch in 2011, award-winning technology platform ProFinda has been featured at Web Summit, Davos, The White House and has users in 1,382 cities globally. ProFinda has also secured client and strategic partnerships across the top six professional services firms plus organisations and networks including Thomson Reuters Elite, LACE partners, Tech London Advocates, construction firm Multiplex, Workforce of the Future Network, CloserStill Media and many more. www.ProFinda.com.

About Notion
Notion invests in the enterprise tech of the future, in the teams and companies that have what it takes to solve the biggest problems facing the business world, transforming entire industries in the process. The Notion team founded, built and exited two highly successful SaaS businesses — Star and MessageLabs and invests exclusively in enterprise tech and SaaS with the ambition to build category leaders. The Notion portfolio includes Brightpearl, Currencycloud, Dealflo, GoCardless, MOVE Guides, NewVoiceMedia, Tradeshift, Triptease, Unbabel and Workable. For more information visit: www.notion.vc.

About Nextlaw Ventures
Nextlaw Ventures (NLV) is a global early-stage venture capital firm focused exclusively on the legal technology sector. NLV was launched initially by Dentons, the world’s largest law firm, and works closely with Nextlaw Labs, the legal tech accelerator also launched by Dentons. As an autonomous firm, NLV finds and invests in promising startups, provides unmatched resources to help its portfolio companies grow and scale, and helps to deploy new technologies that are disrupting the legal profession. The growing NLV portfolio includes ten of the most innovative legal tech companies in the market and constitutes one of the largest legal technology portfolios in the world. www.nextlawventures.vc.