News Blockchain Startup Legaler Raised $1.5 Million Ahead Of ICO...

Blockchain Startup Legaler Raised $1.5 Million Ahead Of ICO And Plans To Release App To Support People Lacking Legal Representation

-

- Advertisment -

Blockchain startup Legaler was launched in 2017 by Stevie Ghiassi and Mike Hosseini as a networking tool for lawyers. The startup now has over 1,000 law firms signed up in 80 countries.

The firm managed to raise $1.5 million in funding just before its ICO to build its distribution network for the legal industry.

This funding round was conducted by MasterNode Ventures and included PacificBlue Capital and more private investors who are not known for the moment.

Co-founder and CEO of Legaler, Stevie Ghiassi spoke to StartupSmart and stated that the startup is currently developing a “blockchain-based platform for the legal industry”.

Legaler’s flagship app Legaler Aid supports people without legal representation

The app will match people who cannot afford traditional legal advice with the ones who are willing to offer such advice pro bono.

Blockchain Startup Legaler Raised $1.5 Million Ahead Of ICO And Plans To Release App To Support People Lacking Legal Representation

A tokenized incentive platform will be used, and it will also provide a crowdfunding platform as well.

Ghiassi addressed figures from the United Nations and stated that 4 billion people all over the world don’t have access to legal representation.

This is more than the 2 billion people who are currently unbanked and the 3.5 billion who lack Internet access. We mentioned these two other groups because other blockchain groups usually target these.

The startup plans to build a dedicated blockchain for the legal industry and to become the world’s largest legal services provider, through blockchain infrastructure, according to Ghiassi.

The ICO is scheduled for the end of 2018

Legaler initially announced that the ICO was set to take place back in February but things got delayed until the end of this year. Then Legaler will also push its Legaler Aid app as its flagship product.

Blockchain Startup Legaler Raised $1.5 Million Ahead Of ICO And Plans To Release App To Support People Lacking Legal Representation

The $1.5 million in funding will be used for the building of the initial product and the growing of the team, as well as marketing the ICO.

“We’re not in a rush to try and raise. We want to build out an infrastructure people can use. We’re in this for the long term,” Ghiassi said.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Bitcoin Security Lessons from The KuCoin Cryptocurrency Exchange Hack

It is a recent but not new happening that a hot wallet from a crypto agency has...

Facebook’s long-awaited Libra is Coming in January 2021

In a more limited form, the Libra Association's projects are being implemented. It will only launch a...

Polkadex Enhances the Cryptocurrency Trading Experience

The global economy has not entered the modern era as of yet. Luckily, there are tools to...

Ethereum Price Sees $500 for the First Time in Two-and-a-half Years

First launched in 2014, Ethereum or Ether is one of the oldest altcoins and probably the most...
- Advertisement -

Banking Sector is Ready for a Tech Revolution With Cryptocurrency

When our world is going through a massive change due to COVID-19blow, it is very likely that...

OpenDAO’s Bridge Opens New Possibility for Mass Adoption of DeFi

When Satoshi Nakamoto officially created Bitcoin on January 3, 2009, his vision for the digital asset was...

Must read

- Advertisement -

Read Next
Recommended to you