Legal tech startup Oddr has raised $2 million in funding led by Saama Capital and Twin Ventures, along with participation from angels in the US, Singapore, and Germany, according to ETtech report.
Headquartered in Silicon Valley and India, Oddr is aiming to launch its services in North America, the UK, and Australia, with an R&D center in India.
The funds raised will be used to build the flagship product – an AI-powered invoice-to-cash platform – for professional services (law firms, accounting firms, consulting firms & financial services firms).
“Invoice-to-cash process in professional services firms is manual, fragmented, and cumbersome resulting in high days sales outstanding (DSO), large write-offs and high operating overheads. Oddr unifies billing, collections, and payments on a single platform,” said Milan Bobde, cofounder and chief executive officer (CEO) of Oddr said.
Oddr aims to touch an annualised run rate (ARR) of $1 million in the next 18 – 24 months.
