Nexl, an innovative AI-driven growth platform, is redefining how law firms approach marketing and revenue generation. Recently, the company announced it has closed a $23 million Series B funding round, led by Tidemark Capital, a growth equity firm founded by Dave Yuan. This investment will play a major role in enhancing Nexl’s capabilities as it works to expand its offerings for law firms.
The funding received will allow Nexl to fast-track the development of its advanced AI-powered growth platform. This platform is uniquely designed to bring together lawyers, marketing teams, and business development professionals into a unified growth engine that operates firm-wide. Unlike traditional Customer Relationship Management (CRM) systems, which can often be disjointed and inefficient, Nexl integrates relationship intelligence, revenue insights, and market data into a single, coherent platform. This integration empowers every lawyer within a firm to actively participate in growth initiatives while also positioning marketing and business development teams as essential strategic partners.
In addition to enhancing its platform, the funding will facilitate Nexl’s strategic acquisition plans and enhance its overall capabilities through several new leadership appointments. With over 150 law firms globally, including prominent organizations within the AmLaw 100, Nexl has become a trusted partner in helping firms streamline their growth strategies, deepen client relationships, and improve overall profitability. By promoting data-driven decision-making and enabling firms to function more like traditional businesses, Nexl tackles a critical challenge in the legal industry: making business development processes both scalable and user-friendly for lawyers. The platform equips attorneys with valuable insights and ongoing support, ensuring they remain engaged and prepared in their business development efforts.
Founded in 2018, Nexl has focused its efforts exclusively on the legal industry, offering a platform tailored for ambitious law firms with established operations wanting to boost revenue, enhance profitability, and improve service delivery. By building a solution specifically crafted for law firms, Nexl helps attorneys and business development leaders overcome operational challenges, facilitating a smoother collaboration between marketing and business development functions in driving growth.
KEY QUOTES:
“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. 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.”
Philipp Thurner, Founder and CEO of Nexl
“Nexl represents a step-function change in legal CRM—purpose-built from the ground up to solve challenges unique to law firms. 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.”
Dave Yuan, Founder and Partner at Tidemark and Nexl Board Member
“Nexl has built a powerful platform grounded in deep understanding of the legal industry and their customers. 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.”
Andrew Walsh, Partner at Tidemark and Nexl Board Member
