16 March 2023
Fast-tracking success at seed round and beyond with ease, efficiency and expertise.
We've launched a new digital platform to support the legal needs of emerging companies. Outpace, developed by our Strategic Digital Ventures team in consultation with founders and investors, breaks new ground by offering the ease and efficiency of a digital platform, powered by our global legal expertise – all at a highly competitive price point.
The initial release of Outpace provides streamlined legal workflows for priced funding rounds and convertibles, advanced cap tables, secure data storage, and Companies House filing. In the pipeline are data privacy and GDPR compliance, annual compliance, and IP tracking.
Our Entrepreneur-in-Residence, Gerard Frith, said "We created Outpace to give founders, many of whom have no knowledge of seed-stage legal requirements, what they told us they wanted – the transparency of a single platform, the convenience of self-service, and the assurance that comes with access to industry-leading expertise. This is a product that enables critical decisions to be made faster and with more confidence. Our mission is to enable more start-ups to succeed beyond seed round so they can go on to challenge norms and drive positive progress."
Outpace is also beneficial for investors, creating visibility of the progress of investments over time, creating a suite of management tools for venture builders, accelerators and TTOs to manage onboarding and engagement, and, of course, improve the probability that their portfolio companies will succeed.
Outpace created a stir during its pre-launch pilot. Hugo Pickford-Wardle, co-founder of Startup Sherpas, said "Outpace harnesses the very best of Taylor Wessing's specialist sector expertise with an exceptional technology platform providing great user experience. This is the mindset of an organisation that really gets it."
While Dan Rooke, COO of Start Codon, said "An upgrade to other legal start-up solutions that sets the bar with founders and investors."
Our Strategic Digital Ventures team partners with our leading lawyers and their clients to run regular legal design labs, looking for bespoke solutions to their problems. Further innovations are in the pipeline.