In a pandemic-centric world where corporate legal departments are increasingly scrutinizing their costs, legal spend management company Brightflag and its investors saw an opportunity for growth.
Brightflag on Wednesday announced it has raised $28 million in funding, bringing its total funding to nearly $40 million since it was founded in 2014 in Ireland. The round was led by Europe-based technology investor One Peak (a previous investor in HighQ), with participation from existing investors Sands Capital Ventures and Frontline Ventures.
