Liverpool legal technology specialist Lexio Tech says it has doubled the size of its team and secured a series of client wins during its first year in business following support from the Northern Powerhouse Investment Fund II.
Founded in May 2025 by Ste Aspin and Tom Elsworthy, the company provides case management system support and development services for law firms using platforms including Proclaim and Actionstep.
The business secured funding through NPIF II – River Capital & GC Business Finance Smaller Loans, which is managed by River Capital & GC Business Finance.
Since receiving the investment, Lexio Tech has recruited two senior developers and expanded its client base, with the company reporting five major project wins alongside a growing portfolio of retained clients.
The funding enabled the business to recruit ahead of taking on new work, giving it the capacity to support increasing demand from law firms seeking specialist technology expertise.
As it approaches its first anniversary, Lexio Tech says it is planning further recruitment and expects to create additional developer roles over the next two years.
Co-founder Ste Aspin said: “Starting a business is always challenging, especially in the first year, but the support we received through NPIF II made a huge difference during those early stages. The River Capital team has been incredibly supportive throughout our journey and it’s felt like a genuine partnership from day one, providing us with both the funding and confidence to scale at pace.
“Now approaching our first year in business, we have doubled the size of the team, built a strong client pipeline and are entering an exciting next stage of expansion. Without this support, we wouldn’t be where we are today.”
River Capital Senior Investment Manager Sue Chambers said: “Lexio Tech has achieved an impressive amount in a relatively short period of time, building a strong reputation within the legal technology market and a growing client base.
“Ste and Tom identified a clear gap in the market and have combined deep technical expertise with a sustainable growth model that positions the business strongly for the future. It’s fantastic to see the progress the business has made since receiving NPIF II funding.”
Sue Barnard, Senior Investment Manager at the British Business Bank, added: “Professional and business services are an important part of the UK’s Modern Industrial Strategy, helping to drive innovation, productivity and growth across the wider economy. Businesses like Lexio Tech demonstrate how specialist expertise and digital innovation can help modernise established sectors such as legal services, and we’re committed to supporting these businesses as they scale, innovate and contribute to regional economic growth.”
Lexio Tech said it is also exploring the development of its own legal technology products as part of its longer-term growth plans.
The £660m Northern Powerhouse Investment Fund II provides debt and equity finance to small and medium-sized businesses across the North of England, with loans ranging from £25,000 to £2m and equity investments of up to £5m.
