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New funds for Henchman lawyer software from Flanders

Pitchdrive, a fund centered around 100 tech entrepreneurs from Flanders, is injecting fresh growth capital into Henchman, a company specialized in developing software for lawyers. Within four years, the start-up from Ghent (Flanders) intends to be globally active.

Getting dirty work done

Henchman was launched less than a year ago, intending to focus on what it calls “dirty work” for lawyers. During negotiations or when working out deals, business lawyers regularly fall back on clauses and contracts they had previously written. But looking up those clauses takes a lot of time. Henchman develops software that makes this task easier: their technology can be incorporated into Microsoft Word, greatly facilitating searches.

The technique is catching on: barely a year after its launch, the software is already being used by well-known law firms such as Monard Law and by the legal departments of companies such as Flanders-based textile giant Sioen. And according to the start-up, it is also delivering its software to customers in the Netherlands, Germany, France and the UK.

Global ambitions

By 2026, Henchman is aiming for its software to be in use by more than 10,000 lawyers around the world. To make this possible, the company is raising an additional EUR 2 million in growth capital. The main backer is Pitchdrive, an investment fund set up by Wim Derkinderen and Boris Bogaert, two managers of the Netlog social networking site in Ghent, Flanders. These two leaders have succeeded in bringing together the experience of 100 entrepreneurs and have developed a system that uses artificial intelligence to screen potential investments.

In addition to Pitchdrive, Frederik Vandermarliere, Wim De Waele and Flanders Innovation & Entrepreneurship (VLAIO) are also investing in Henchman. VLAIO had already stepped in last year as part of an initial capital round that raised EUR 1 million.

More info

Reported by
newspaper De Tijd
28 April 2022

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