Investment led by Tidemark Capital underscores demand for modern legal business development technologies
NEW YORK & SYDNEY–(BUSINESS WIRE)–Nexl, the AI-driven growth platform revolutionizing how law firms go-to-market and drive revenue, today announced it has closed a $23 million Series B funding round led by Tidemark Capital, the growth equity firm founded by Dave Yuan.
With this funding, Nexl will accelerate the development of its AI-powered growth platform for law firms, designed to unite lawyers, marketing and business development teams into a single, firm-wide growth engine. Unlike legacy CRMs and fragmented point solutions, Nexl seamlessly integrates relationship intelligence, revenue insights, and market data into one platform—empowering every lawyer to contribute to growth, while elevating marketing and BD as strategic partners across the firm. The funding will also allow Nexl to further advance its acquisition strategy and strengthen its capabilities through several new leadership appointments.
“By partnering with Tidemark, Nexl gains not just capital but also access to a playbook and community that has powered some of the most successful vertical SaaS companies in the world,” said Philipp Thurner, Founder and CEO of Nexl. “When every lawyer is empowered to contribute to growth, and BD and marketing step into their rightful place as strategic partners rather than support functions, firms unlock their true potential. This investment reinforces our role as the long-term growth partner for law firms ready to elevate how they operate and compete.”
Today, more than 150 law firms worldwide—including leaders in the AmLaw 100—rely on Nexl to systematize their growth plans, expand client relationships, and increase profitability. By enabling data-driven decision making and helping firms run like a business, Nexl addresses one of the industry’s biggest challenges: making business development both scalable and lawyer-friendly by giving lawyers the insights and activity support they need to stay prepared and engaged in business development.
“Nexl represents a step-function change in legal CRM—purpose-built from the ground up to solve challenges unique to law firms,” said Dave Yuan, Founder and Partner at Tidemark and Nexl Board Member. “By fusing relationship intelligence with CRM, they’ve created a rich user experience that occupies a true control point in the industry. We’re thrilled to partner with Nexl for the long haul as they continue to become the go-to platform for law firms globally.”
“Nexl has built a powerful platform grounded in deep understanding of the legal industry and their customers,” shared Andrew Walsh, Partner at Tidemark and Nexl Board Member. “This foundation positions them to deliver transformational AI products that drive real change in how law firms operate. We’re proud to support Nexl as they lead this evolution and redefine how law firms grow.”
Tidemark is widely recognized for its deep expertise in vertical SaaS, having developed the Vertical SaaS Knowledge Project, and built one of the largest global communities of SaaS founders and operators. The firm also brings valuable legal industry perspective: at his previous firm, Yuan invested in LegalZoom, and at Tidemark, the team has supported leaders such as Clio, Toast, and other vertical SaaS category creators.
Founded in 2018 and focusing exclusively on the business of law, Nexl offers a platform that ambitious firms with mature operations can use to drive revenue, improve profitability, and strengthen service delivery. Built from the ground up for law firms, Nexl enables attorneys, marketing and business development leaders to bridge the execution gap by uniting marketing and business development people and operations into a single growth engine.
About Nexl
Based in Sydney, with leadership hubs in New York and Chicago, Nexl is the AI-driven growth platform modernizing the business of law. By uniting front-office functions into one platform, Nexl helps firms accelerate revenue growth, deepen and expand client relationships, and empower every lawyer to contribute meaningfully to business development. More than 150 firms worldwide, including AmLaw 100 leaders, trust Nexl to transform the way they operate. Recognized by the Financial Times as one of the fastest-growing Australia/APAC companies, Nexl is setting the standard for innovation in legal industry growth. Learn more at www.nexl.cloud.
About Tidemark
Tidemark is a growth equity firm purpose-built to help companies win and scale. Tidemark is powered by a community of investors, entrepreneurs, and operators who are energized by ideas, a love of competition, and the drive to give back. We give 10% of our profits to our foundation, Tidemark10, to support the communities we serve. For more information, visit www.tidemarkcap.com.
Contacts
Erin Harrison
LIMELIGHT
[email protected]
203-610-9492
