RECENT NOTABLE ACTIVITY – LEGAL TECH
- Vector Legal Method, a civil litigation analytics platform raises $1.14M in funding from undisclosed investors. Link
- Court Buddy, an attorney matching platform for corporates raises $1M in financing led by LDR Ventures. Link
- Ross Intelligence, an AI-based legal research platform lands $8.7M in a Series A funding round. Link
- Libryo, a legal regulations and compliance management software raises $1M in seed funding. Link
- Trademark Now, a web-based trademark management platform raises $3.54M in a new funding round. Link
- Ironclad, a contract management platform raises $8M in a Series A round. Link
- DTI Acquires Australian eDiscovery and eTrials Company NuLegal. Link
- Forensic Logic, a search engine platform for law enforcement agencies lands $20M growth investment from Mainsail Partners. Link
- IamIP, a patent analytics platform raises $983K in seed funding from Senovo Capital Management. Link
- CPA Global, a web-based IP management software acquired by LA-based private equity firm Leonard Green & Partners for a reported $3.1B. Link
SOME INTERESTING STARTUPS FOUND
Agrello (2017, Tallinn) – An AI-powered platform for creating legally binding contracts.
Attores (2016, Singapore) – Smart contracts as a service through the use of blockchain technology.
LEADER BOARD – LEGAL TECH
Enterprise Legal Management(Suite)
ThomsonReuters (1800, NYC, IPO) – Legal solutions includes LPM for Enterprise and SMEs, Westlaw for LegalResearch, Findlaw for Lawyers directory and Online Legal Forms. Went IPO in 1984.
LexisNexis (1973, Albany) – A member of Reed Elsevier, provides content-enabled workflow solutions including LegalResearch, Litigation Support, Legal Practice Management(LPM), IP management.
eDiscovery
Epiq (1988, Kansas City, IPO) – eDiscovery web-based technology products and legal services. Went IPO in 1997. Got acquired by PE funds for a $1B deal.
Kcura (2001, Chicago, $125M) – Litigation suite for information collection, legal hold, review, production and analysis. Backed by Iconiq Capital.
Legal Practice Management
Clio (2007, Vancouver, $26M) – LPM suite for solo lawyers and smaller law firms to manage cases, clients, documents, appointments and billing. Backed by BVP, Point Nine Capital, Version One Ventures.
Total Attorneys (2002, Chicago, $15M, Acq.) – Provides LPM and marketing and leads generation for attorneys. Acquired by Internet Brands in 2015.
Legal Research – Q&A Forum
Casetext (2013, Palo Alto, $21M) – A community site for attorneys to share knowledge. Gives users free access to legal texts annotated by attorneys. Backed by YCombinator, BoxGroup, Formation 8, Union Square Ventures.
Legal Research – Analytics
LexMachina (2009, Menlo Park, $10M, Acq.) – Provides Intellectual Property (IP) litigation data and predictive analytics using Big Data to solve patent lawsuits. Acquired by LexisNexis in 2015.
RavelLaw (2012, Palo Alto, $9M) – Legal research platform that provides citation based analytics to inform litigators about cases and judges. Backed by NEA, North Bridge VP, Experiment Fund.
Legal Documents/Forms
LegalZoom (2001, Glendale, $266M) – Provides online legal document and legal consultation services for incorporating business, running business, wills, trust including plans for families and SMEs. Backed by Permira, Polaris VC, KPCB, IVP.
RocketLawyer (2008, SF, $53M) – Provides online legal forms for SMEs and families. Backed by LexisNexis, Investor Growth Capital, August Capital, GV and Industry Ventures.
Legal Contract Management
SpringCM (2005, Chicago, $113M) – Provides workflow automation and document management for legal and sales team. Backed by Foundation Capital, North Bridge.
Icertis (2009, Seattle, $46M) – Contract management solutions for enterprises. Backed by Greycroft Partners, Fidelity Growth Partners India, Ignition Partners and Eight Roads Ventures.
IP Management
Anaqua (2004, Boston, $125M) – IP management system to support IP strategies and managing inventions, patents and other intellectual assets. Backed by Insight Partners and BVP.
Lecorpio (2006, Fremont, $25M) – Provides IP management to track workflow between inventors and attorneys of patent and trademark activities. Backed by Msquaredo incorporated.
Lawyers Marketplace
Avvo (2007, Seattle, $132M) – Provides legal Q&A forum, lawyer’s directory, lawyer review forum and marketplace for legal advice on a fixed rate basis. Backed by Benchmark Capital, Ignition Partners and DAG Ventures.
Upcounsel (2012, SF, $14M) – Marketplace for on-demand legal services for projects like business formation, compliance, trademark registration . Backed by Homebrew, SV Angel, Collaborative Fund, AngelPad, Metamorphic Ventures and Crosslink Capital.
Lawyers Social Network
Foxwordy (2012, Palo Alto, $800K) – Private Social Network for Lawyers.
Wirelawyer (2012, NYC, Undisclosed) – Linkedin for Lawyers. It is a community of Attorney only for refferal networking. Backed by Dreamit Ventures.
Law Enforcement
Mark43 (2012, NYC, $40M) – Platform that supports law enforcement, allowing police to collect, manage, analyze and share information. Backed by SV Angel, Goldman Sachs, Spark Capital, General Catalyst Partners, Rough Draft Ventures, Lowercase Capital, Innovation Endeavors, Allen & Company, Launchpad LA, Govtech Fund and Sound Ventures.
FiscalNote (2013, NYC, $28M) – Real-Time Government Regulations Analysis Platform. Backed by NEA, Plug and Play Tech Center, Middleland Capital, Winklevoss Capital, Conversion Capital, Visionnaire Ventures, 645 Ventures, SF Capital.
Leader board includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
For latest update visit LegalTech feed.