Zug, 14 April 2023 – Logol AG, the Swiss-based company that develops innovative cloud and Artificial Intelligence (AI) solutions to help industries with their digital transformation journey, is pleased to announce that it has secured an additional CHF 3 million in funding through a combination of private debt and debt from a primary Swiss bank. This funding will be used to further enhance the AI capabilities of its flagship product, ELLE, as well as expand its market presence.
ELLE is an integrated Cloud Enterprise Resource Planning (ERP) and Document Management System (DMS) solution specifically designed for the legal sector, leveraging the power of AI. Since its launch three years ago, ELLE has become the market leader in Switzerland for the enterprise segment of combined ERP and DMS in the legal industry. The additional funding will enable Logol AG to continue developing ELLE’s artificial intelligence features and drive market expansion.
Marco Farina, the founder and CEO of Logol AG, expressed his gratitude and enthusiasm for the funding milestone. “We are extremely excited about this additional funding, which will help us further enhance ELLE’s AI capabilities and broaden our market presence. Our mission is to provide the legal sector with cutting-edge technology that simplifies their day-to-day operations and accelerates their digital transformation journey.”
The transaction has been supported by the law firm Kellerhals Carrard, with Partner Stefano Perucchi and his team leading the transaction.
Logol, Swiss provider of cutting-edge technology solutions, brings the extraordinary benefits of digital transformation and artificial intelligence to the business world. Founded in 2017, the Zug-based company focuses on how the relentless pace of technological innovation is driving market trends. In only four years, Logol has successfully deployed more than 100 projects in a range of key sectors, helping clients to optimize costs, uncover new business opportunities and take their organizations into the future. Rapidly expanding throughout Switzerland and internationally, Logol engages a unique team of 50+ highly qualified and experienced digital-native professionals across its offices in Zurich, Zug, Lausanne (Gland) and Chiasso.
ELLE is a state-of-the-art law practice management solution by Logol leveraging the power of artificial intelligence. Designed to seamlessly integrate with existing tools and applications, the platform features a broad range of CRM, invoicing and accounting functionalities, taking care of all the daily tasks of a law firm automatically. Its highly secure, cloud-based architecture enables anywhere anytime access, while advanced AI-based features facilitate user interaction with the system and provide powerful tools to make lawyers’ lives easier. ELLE is a multi-language and multi-currency solution, and both GDPR and ISO 27001 compliant. For more information on ELLE please visit: www.elle.lawyer
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