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Earlier this week, analytics company ayfie announced that it had raised $10 million in funding with an eye towards strengthening its business profile within the global marketplace, which includes building out its North American commercial team in Denver.

The investment period marks the second in ayfie’s history following an initial fundraising round in June 2017. Information surrounding the identity of the investors is being kept confidential, but the motivation behind the investment’s timing is rather transparent.

“We’ve been growing quite fast and we’re moving really, really fast in the legal tech and finance tech market. And to continue to that growth, we wanted to do another [investment] round,” said CEO Erik Baklid.

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Frank Ready

Frank Ready is a reporter on the tech desk at ALM Media. He can be reached at [email protected]

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