The 25 Largest Legal Tech Investments of All Time

In reporting yesterday on the record-setting $900 million funding in regulation follow administration firm Clio, I included a listing of the ten largest earlier investments in authorized tech. It didn’t take lengthy for me to be taught that the checklist was incomplete.

So I set about attempting to provide you with a extra correct checklist. It isn’t simple, frankly, to compile this data. My hope is we are able to crowdsource this. If you already know of offers I’m lacking, please let me know. And if you already know of offers I’ve listed incorrectly, please additionally let me know that.

(Replace: As I get updates that bump firms down the checklist in rating, I’ll depart them on. Meaning the checklist will exceed 25.)

Here’s what I’ve provide you with:

Clio, $900 million, 2024, July 23, 2024.
LegalZoom, $500 million (secondary), July 31, 2018.
Clio, $250 million, 2019., Sept. 4, 2019.
Rocket Lawyer, $223 million, April 21, 2021.
Everlaw, $202 million, Oct. 22, 2021.
Onit, $200 million, Jan. 11, 2019.
Ontra, $200 million, Oct. 27, 2021.
Reveal-Brainspace, $200 million, Jan. 26, 2021.
Icertis, $150 million, Oct. 24, 2022.
Ironclad, $150 million, Jan. 18, 2022.
Hebbia, $130 million, July 8, 2024.
Notarize (Proof), $130 million, March 25, 2021.
Relativity (kCura), $125 million, Feb. 3, 2015.
ContractPodAI, $115 million, Sept. 30, 2021.
Clio, $110 million, April 27, 2021.
Filevine, $108 million, April 8, 2022.
LegalOn Applied sciences, $108.60 million (primarily based on 2022 yen to greenback change fee), June 22, 2022.
Evisort, $100 million, Could 11, 2022.
Exterro, $100 million, June 1, 2018.
Harvey, $100 million, July 23, 2024.
Ironclad, $100 million, Dec. 21, 2020.
LinkSquares, $100 million, April 4, 2022.
Litera, $100 million, Aug. 14, 2017.
SirionLabs, $85 million, Could 10, 2022.
CS DISCO, $83 million, Jan. 24, 2019.
Harvey, $80 million, Dec. 19, 2023.

In compiling this checklist, I’ve omitted some firms which are “authorized tech adjoining.” Most notably, I’ve omitted DocuSign, which some may argue is a authorized tech firm. Had I included it, it could have been on this checklist twice, for its $303.29 million elevate on Oct. 30, 2015, and its $115 million elevate on Oct. 27, 2024.

Two different authorized tech adjoining firms I left off the checklist are Zenwork, which raised $163 million on Nov. 9, 2021, and Quantstamp, which raised $137 million on April 1, 2022.

I’ve Litera on the checklist for its 2017 $100 million funding. I additionally noticed a report of a $204 million elevate in 2022, however I’ve not been in a position to verify that.

Like I mentioned, if you already know of others, please ship them alongside.

Featured picture by Pete Linforth from Pixabay.