Dragons invest in legal services package for SMEs

Law firm Mishcon de Reya, which had been advising the founders, also has a small share in the business.

Nick Davis, head of corporate at Mishcon, said the work the firm had done with Smarta had ignited existing interest in the SME market.

He said Mishcon was also looking at offering a basic bundle of legal services for start-ups, possibly for a few thousand pounds, to help small businesses get off the ground.

“We’re expecting a lot more people will become entrepreneurs on the back of the recession and this market should be growing,” he said.

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