Legal tech scale-up Apperio has appointed a high-growth technology entrepreneur and a leading private equity specialist to its board to help drive its growth and geographical expansion.
David Eldridge joins the SaaS-based legal spend analytics and matter tracking platform as chairman: he has more than 25 years’ experience in the technology industry. He co-founded and led marketing technology company Alterian, listing on the London Stock Exchange in 2000 and overseeing five acquisitions in the UK and US before selling the company to SDL plc. Since 2011, David has held advisory and board positions with high growth technology and data businesses.
Joining as a non-executive director, Neil MacDougall has spent 20 years at mid-market buyout firm Silverfleet, leading the buyout of the company from Prudential in 2007. Neil was Silverfleet’s Managing Partner between 2004 and 2019 and became Chairman in 2019. In 2020 Neil was appointed as Chair of the British Private Equity and Venture Capital Association, the industry body for the private equity and venture capital industry in the UK.
“Apperio has enjoyed a phenomenal period of growth in the last two years. The legal spend we manage on behalf of clients now exceeds over £1bn, our revenues are up 150% and we’ve successfully launched into the US,” says Apperio founder and CEO Nicholas d’Adhemar. “David and Neil bring the experience, expertise and caliber Apperio needs to both expand our presence in private equity and drive our broader growth and development.”
Apperio’s platform is used by in-house legal teams including Monzo, Network Rail and Royal London and an increasing number of private equity firms. It has raised £11m to date and its investors include Draper Esprit, IQ Capital and Notion.
See Apperio’s recent comment: https://legaltechnology.com/comment-whats-behind-the-hype-over-legal-spend-management/