Apperio, the UK-based legal tech start-up transforming the way companies analyse their legal spend, today announces that it has raised $10 million (£7.5 million) in a Series A round, led by Draper Esprit and supported by existing investors Notion, IQ Capital and angels.

Apperio provides companies and their in-house legal teams with complete visibility of legal spend. It allows them to track both billed and unbilled hours, in real-time, run analytics and monitor law firm performance. The technology helps in-house teams to effectively manage budgets, while at the same time helping them to demonstrate value.