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💰 In the Money: Fundings
- Agiloft, a contract lifecycle management platform, raised $45M from FTV Capital.
- Athennian, a platform for legal entity management, raised a $8M Series A led by Arthur Ventures.
- Berbix, which validates photo IDs on desktop and mobile devices, raised a $9M Series A led by Mayfield.
- Boundless, which helps individuals apply for marriage-based visas and citizenship, raised $7.5M. Funding was partially used to acquire RapidVisa, another immigration tech platform.
- Capchase, which offers debt secured by companies’ SaaS contracts, raised $4.6M led by Caffeinated Capital, Bling Capital, and SciFi VC.
- Define, which makes software to speed up contract drafting, raised ₤1M in Seed funding.
- Honcho, a tool monitoring internal communications channels for compliance, raised a $4M Series A led by Fintop Capital.
- Hypatos, which uses deep learning to efficiency process companies' financial documents, raised €10M in Seed funding.
- InCountry, which offers data residency to comply with regulations, raised $18M led by Caffeinated Capital and Mubadala.
- Socure, an identity and document verification platform, raised $35M led by Sorenson Ventures.
- Songtradr, a music licensing platform, raised $30M in Series C funding.
- Steno, a provider of remote deposition software and non-recourse financing for plaintiff lawyers, raised a $3.5M Seed round led by First Round Capital.
- Thirdfort, which offers automatic identity and source of funds checks for the legal and real estate industries, raised £1M in funding.
- ThoughtRiver, an AI-powered contract review platform, raised a $10M Series A led by Octopus Ventures.
- Welcome, a platform to send and manage employee offer letters, raised $1.4M in funding.
Shameless plug: founders, tell us about your work.
Acquisitions
- Litera acquired Allegory Law, a litigation case management platform
- thedocyard, a transaction management platform, bought Ansarada, which provides virtual data room software.
- Levine Leichtman Capital Partners acquired BigHand, a provider of workflow management and business intelligence tools for law firms and others.
- Thomson Reuters acquired Caselines, a cloud-based court document and evidence management platform.
- iManage, a leading provider of document and transaction management software, purchased Closing Folders, a platform centralizing the necessary steps to complete a legal transaction.
- Carrick Capital Partners took a majority stake in Factor, a managed legal services provider focused on complex legal engagements.
- ayfie, a document and data analytics provider, purchased Haive, which creates enterprise search tools.
- Fastcase, a provider of legal research tools, acquired Judicata, a legal research platform focusing on California state law.
- Apax Partners acquired MyCase, a practice and case management software suite.
- Corsearch, a provider of trademark and brand protection solutions, purchased TrademarkNow, an online trademark search and monitoring platform.
- nQueue, a provider of printing, scanning, and cost recovery software, merged with Zebraworks, which helps automate law firms’ client relationship management processes.
Accelerators
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🙌 AZ and UT Expand Legal Services Through Regulation
Privacy Remains Paramount for Companies and Individuals
Other news from the world of law
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📖 What Else I'm Reading
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About Nate
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I am an investor at The LegalTech Fund and I enjoy seeing how the law affects everyone, from people fighting a parking ticket to companies completing a merger. Nate's News is my own digest that I use to stay on top of meaningful stories in the world of law.
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