Receiving Funding, HukumOnline, a Legaltech Startup Focuses on Product Development
Startup provider of digital-based legal services (legaltech) Hukumonline completed series A funding continued from investors from the United States (US) Emerging Media Opportunity Fund (EMOF). The additional capital will be used to develop more products.
Hukumonline has been raising funding from the same investor since 2017. At that time, fresh funds were used to strengthen product marketing, improve search technology and user experience (UX).
“The Hukumonline team continues to develop innovative digital media products and services,” Deputy CEO of Media Development Investment Fund (MDIF) Mohamed Nanabhay was quoted as saying by Tech In Asia, Monday (3/2).
EMOF is managed by MDIF, a non-profit organization based in New York, United States (US). EMOF has channeled funding to 117 media companies in 41 countries, with a total of US $ 227 million or around Rp 3.1 trillion.
The Hukumonline products and services include news portals, a comprehensive and integrated legal database, organizing seminars and discussion events on laws and regulations.
Hukumonline was founded in 1999 by a group of young law practitioners and law reform activists. The company provides free access to the public and paid products for the corporation.
Justika, a HukumOnline’s Subsidiary, Had Received Pre-Series A Funding in 2019
Based on data from the ASEAN Legaltech Association in 2019, there are 88 legaltech companies registered in Southeast Asia. As many as 25 of them are based in Singapore and 21 in Indonesia. Hukumonline subsidiary Justika also received pre-series A funding in early 2019.
One law firm in Indonesia, Assegaf Hamzah & Partners (AHP) participated in the funding round. Justika is a startup in the legal services marketplace. Justika develops technology products, specifically aimed at facilitating client meetings with advocates.
Justika excels in terms of Human Resources (HR), which is a combination of a team of experienced technology products and professional advocates.
“We also see the importance of the role of legal technology going forward. Innovation in technology can be one of the solutions, that we believe, to improve access to legal services in this country,” said AHP Managing Partner, Bono Daru Adji.
This startup has a database of hundreds of lawyers and has received hundreds of complaints. Justika provides an automated telephone consultation platform, with competitive prices, fast access, and is practical because it uses technology.
While AHP was founded in 2001, and has more than 140 fee earners. Assegaf Hamzah & Partners is known as an innovative law firm. This was reinforced by the award of “The Most Innovative Law Firm” by the 2018 IFLR Asia Awards.
EMOF Has Been Funding for HukumOnline Since 2017
Series A funding has been obtained by Hukumonline from Emerging Media Opportunity I, L.P. (EMOF), under the management of the Media Development Investment Fund (MDIF) since 2017. Formed by a group of practitioners and activists of the ‘Reformation’ era, Hukumonline is the largest provider of information and digital legal services in Indonesia.
Funding is used by Hukumonline for developing product marketing, improving search technology and user experience. Hukumonline also developed a customer base and enlarged the scope of the influence of the news.
According to MDIF Deputy CEO, Mohamed Nanabhay, Hukumonline is a trusted provider of legal information and analysis in Indonesia.
“Hukumonline provides important services for the legal community and business people in Indonesia, as well as the general public, and has the potential to further develop product marketing,” he said.
EMOF is a private equity fund that invests in digital media and broadcasts. They invest primarily in Southeast Asia, Africa and Latin America. EMOF is managed by MDIF, a non-profit organization headquartered in New York. Since 1996, MDIF has channeled US $ 163 million to help fund more than 100 independent media in 39 countries.