A synthetic data pioneer has raised £7.3 million in Series A funding to fuel further expansion in the UK, US and Europe.

Today (2nd March 2023), legal tech company Henchman, announced that it has closed a £6 million Series A funding round to support continued company growth, and innovation in its platform that automates the search for relevant clauses and definitions when drafting legal contracts.

The conventional wisdom runs something like this. The process of raising capital is time-consuming and stressful. It diverts the attention of managers from more important matters, such as driving product development or making sales.

One of the big growth areas in European tech over the course of 2022 was B2B SaaS. We saw plenty of investment interest in this space, exciting new product developments and the establishment of a promising market for European startups to develop into.

Conviction is a venture firm born out of a group of angel investors who have been investing since the early 2000s. We invest in early-stage business to business (B2B) software as a service (SaaS) pan-European ventures and founders. We look for founders who can demonstrate their technology is disruptive and their product delivers quantifiable value to the customers and markets.