Drive Revenue closes angel funding round

Drive Revenue, a specialist online accounting software startup targeting the legal markets, has completed its first external funding round. The capital, totaling almost R10 million or almost $775,000, is being invested by angel investors based in Austria and the Netherlands. HAVAIC provided Drive Revenue with advisory services for the capital raise.

The proceeds of the raise will be used to develop additional features for the product as well as ramp up the rim’s product marketing activities in the South African market. Drive Revenue’s cloud-enabled financial management is specifically designed for the legal market helping to automate several processes as well as provide real-time data that managers can use to improve their legal practices.

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