Rwandan online marketplace for lawyers, Hence Technologies secures $1.8 million in funding

Rwandan online legal marketplace Hence Technologies has raised $1.8 million in seed funding. This brings the company’s total cash raised to $2.6 million.

Daybreak Partners, Broad Creek Capital (founded by two former lawyers, Matthew Ruesch and Michael W. Green), Daglar Cizmeci, and a number of other angel investors took part in the round.

Hence Technologies, founded in 2020 by Steve Heitkamp, Sean West, and Arun Shanmuganathan, connects internal legal teams of its clients with external legal service providers using data from various sources, allowing it to recommend lawyers based on the nature of the assignment, location, and cost considerations.

“Hiring decisions are made using only a small amount of data and information. We also believed that corporations were passing up an opportunity to use data from their own experiences. “If a company spends $200 million per year, there is an opportunity to learn a lot of different things, such as what works well and what doesn’t,” Heitkamp explained.

“We intend to use the funding to develop our workforce, particularly technical talent, as well as to increase marketing spending,” Heitkamp added. We’ve already hired someone with a marketing background and prior experience working with law firms.”