Press Release

Bright Minds Capital Partners, Muve Continue Successful Partnership

First realization for new evergreen fund will fuel further investments

CHICAGO – June 11, 2020 –  Bright Minds Capital Partners, an evergreen fund specializing in early-stage investments in legal and data technology, focusing on AI, blockchain and big data management applications, today announced it has seen a partial realization from its very first strategic investment in UK-based conveyancing firm Muve. Bright Minds has seen a 28% ROI since investing in the conveyancing firm in October 2018.

Muve blends modern technology with best practices in marketing and customer service to deliver profitable legal products to satisfied customers. Handling all types of conveyancing transactions, Muve specializes in freehold, leasehold, new build and shared ownership for leading brands around the world. The company aims to provide a client experience that’s fit for the 21st century – complete with online registration and customer portals, account managers, service guarantees, and a dose of AI to process all the documents. Muve also offers other legal services including will writing, probate and lasting powers of attorney (LPA).

Bright Minds Capital Partners has provided key support during a period of rapid expansion for Muve, allowing significant expansion of the company’s off-shored legal processing capability and technology platforms. Muve’s robust conveyancing and compliance portfolio allows global brands to manage inhouse lawyers while sustaining streamlined processes, ultimately building consumer trust for enterprises, enhancing customer experience, swiftly transferring property titles from one owner to another and fulfilling the granting of property encumbrance such as a mortgage or lien.

“Bright Minds has always considered how the adoption of legal technology supports commercial decision-making,” said David Holme, chairman Bright Minds Capital Partners. “Our goal is to be more than just short-term partners, we are focused on continued growth and the realization of cash and profit as core drivers. We have decided to retain some of our equity in Muve because our philosophy of continuously supporting our investment companies is so important during these difficult times.”

Looking forward, Muve has its sights set on becoming a top 5 conveyancing provider in the UK by 2024, with market-leading USPs for speed, exceptional customer service and technology enablement of all conveyancing processes. Muve is also examining the opportunity for the development of AI data products around its core services. Bright Mind’s investment was pivotal in laying the foundation for these transformational services, products and rapid expansion.

A flexible approach to technology evaluation and a financially robust investment analysis methodology has allowed Bright Minds to achieve significant gains in its short existence.

Rico Burnett, Director of Investment, is encouraging legal tech start-ups and early-stage companies to reach out to Bright Minds. “Our investment strategy is working quite well, and this realization has created even more capacity for us to explore our next venture,” noted Burnett

About Bright Minds Capital Partners

Bright Minds Capital Partners is an open-ended fund investing in disruptive technology companies that are breaking corporate data silos. Based in Chicago and London, Bright Minds Capital is led by David Holme and Nicola Stott, also founders of leading alternative legal services provider Exigent.  With an accomplished team of legal technology leaders and investment experts, Bright Minds co-invests alongside select industry partners to maximize sector knowledge. For more information about Bright Minds, please visit: brightmindscapitalpartners.com.

About Exigent

Exigent is a technology provider and consulting organization that is breaking industry boundaries and raising the bar for data-driven decision-making. Through a powerful combination of technology, analytical thinking, and financial acumen, Exigent’s multidisciplinary team develops SaaS solutions to drive change in business and beyond. With a track record of shaking up the legal sector through the use of contract data and process optimization, Exigent provides businesses with the questions and answers they need to make the most of the digital disruption. For information about Exigent, visit www.exigent-group.com.

 

Media Contact:

Andrée Beckham
Global Vice President, Marketing
Exigent Group
ABeckham@exigent-group.com