UK-based legal services provider Exigent has launched and become a cornerstone investor in Bright Mind Capital Partners (BMCP), which will focus on legal and data technology startups.
Bright Minds will operate as an open-ended, evergreen fund. The size of Exigent’s commitment has not been revealed.
BMCP will seek out opportunities in the artificial intelligence, blockchain and big data management applications, with a particularly focus on legal technology and services, data extraction, corporate data management and optimisation.
The fund has already made its first investment, providing an undisclosed sum to immigration compliance technology developer Lexchain.
David Holme and Nicola Stott, the respective chief executive and global managing director at Exigent, will lead the Chicago and London-based fund.
Holme said in a statement: “We seek to attract ‘bright minds’ who can turn the current digital revolution into commercial applications. Starting with data from the legal department and with the sky as the limit.
“Blockchain, smart contracts, data visualisation, machine learning– if you can demonstrate ROI, we are interested and can help you achieve it.”
BMCP is not related to the Hong Kong-based financial advisory firm Bright Minds Capital.