A daily newsletter summarizing recent activity & interesting start-ups globally
RECENT NOTABLE ACTIVITY – LEGAL TECH
- Icertis, a cloud based software for Contract management raises $15M in Series B round led by Ignition partners. Link
- LegalSifter, a stratup which uses AI for reading contracts and legal documents raises $1.6M from in a seed round. Link
- Apperio, a legal spend management solution raises $1.9M in a seed round. Link
- Kcura acquires Content Analyst Company which provides advanced text analytics for eDiscovery. Link
- Mitratech acquires legal eBilling solution ViewaBill. Link
SOME INTERESTING STARTUPS FOUND
Thistoo (2016, Ottawa) – Personalized divorce assistant which provides analysis on financial impact. Also provides DIY divorce forms.
LEADER BOARD – LEGAL TECH
Enterprise Legal Management
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.
Kcura (2001, Chicago, $125M) – Litigation suite for information collection, legal hold, review, production and analysis. Backed by Iconiq Capital.
Catalyst Repository Systems (2000, Denver, $31M) – Provides Catalyst CR for review & analytics and hosted document repository. Backed by FTV Capitals.
Legal Practice Management (LPM)
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
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.
Judicata (2012, SF, $8M) – Big Data analytics tools for legal research using algorithmically assisted human review to turn unstructured court opinions into structured data. Backed by Khosla Ventures, SV Angel.
Casetext (2013, Palo Alto, $7M) – A community site for attorneys to share knowledge. Gives users free access to legal texts annotated by attorneys. Backed by YC, BoxGroup, Formation 8, Union Square Ventures.
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.
Legal Document Services
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.
Contract Management
SpringCM (2005, Chicago, $49M) – Provides work flow automation and document management for legal and sales team. Backed by Foundation Capital, North Bridge VP.
Exari (1999, Melbourne, $10M) – Document assembly and contract automation software using contract templates created for legal, procurement, sales, insurance, banking and government professionals. Backed by Beacon Equity Partners.
IP (Intellectual Property) 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.
Lawyer’s 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.
Leader board includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
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