Zug, 14 April 2023 – Logol AG, the Swiss-based company that develops innovative cloud and Artificial Intelligence (AI) solutions to help industries with their digital transformation journey, is pleased to announce that it has secured an additional CHF 3 million in funding through a combination of private debt and debt from a primary Swiss bank. This funding will be used to further enhance the AI capabilities of its flagship product, ELLE, as well as expand its market presence.
ELLE is an integrated Cloud Enterprise Resource Planning (ERP) and Document Management System (DMS) solution specifically designed for the legal sector, leveraging the power of AI. Since its launch three years ago, ELLE has become the market leader in Switzerland for the enterprise segment of combined ERP and DMS in the legal industry. The additional funding will enable Logol AG to continue developing ELLE’s artificial intelligence features and drive market expansion.
Marco Farina, the founder and CEO of Logol AG, expressed his gratitude and enthusiasm for the funding milestone. « We are extremely excited about this additional funding, which will help us further enhance ELLE’s AI capabilities and broaden our market presence. Our mission is to provide the legal sector with cutting-edge technology that simplifies their day-to-day operations and accelerates their digital transformation journey. »
The transaction has been supported by the law firm Kellerhals Carrard, with Partner Stefano Perucchi and his team leading the transaction.