French Legaltech Company LegalPlace Raises €70 Million and Acquires Historic Rival Legalstart
The French legaltech company LegalPlace has just raised €70 million and acquired its historic competitor Legalstart. This dual operation marks a major turning point in the structuring of the market for legal services to entrepreneurs in France.
A Decade of Growth and Expansion
Ten years after its creation, the platform, specialized in the creation and management of companies, has attracted top investors, including XAnge, Eurazeo, and Move Capital. It is worth noting that this fundraising comes four years after a previous round of €20 million, translating into a clear acceleration of its trajectory.
Acquisition and Market Positioning
The acquisition of Legalstart allows the new entity to cover nearly 20% of business creations in France, positioning LegalPlace as an indispensable player, comparable to Qonto in the segment of services for SMEs and independents. This merger is part of a consolidation dynamic in the face of increasingly structured competition. Through this operation, LegalPlace aims to become a true one-stop shop for entrepreneurs, integrating all administrative, legal, and eventually accounting services within a single platform.
Company Background and Future Plans
Founded in 2016 by Racem Flazi, Mehdi Ouchallal, and Samuel Goldstein, the company now has nearly 500 employees and aims for a turnover of €100 million by 2026. To achieve this, it plans to enrich its platform with new features, including an instant company creation service and an AI-based agent capable of managing accounting and formalities.
