Disruption in the legal-tech industry

Disruption in the legal-tech industry

Posted by P. Charitha on April 13th 2017

Justin Kan an American Internet entrepreneur and investor who created the live video platforms like Justin.tv and Twitch.tv (which sold to Amazon for just under $1 billion), and popularized the term “lifecasting” ,now wants to change the face of the legal industry. He has founded a new legal startup, called Atrium LTS and is looking to raise $10 million for its initial round of funding.

A  prolific angel investor, ( he is a  partner at venture capital firm Y Combinator ) which includes investments in Cruise Automation, which sold to GM for more than $1 billion he has also announced plans for a new incubator called Zero-F apart from the legal startup Atrium LTS. More recently, Kan announced plans for a new incubator, called Zero-F. He clearly has a lot going on, but sources say Kan will be leading Atrium as CEO. His experience with dealing with several legal issues as an entrepreneur over the years has spawned this idea of starting  a company for legal services.
 
Atrium team
The team members include Orrick startup founder  lawyer Augie Rakow, , BeBe Chueh, who was the founder of a company called AttorneyFee, which sold to LegalZoom a couple of years ago.On the technical side Kan has recruited Chris Smoak, who was an early AWS employee and founder of a company called Gambit Labs, as the company’s CTO and  Nick Cortes, who is also working with Kan on his Zero-F incubator and handling operations for the group. Atrium is seeking to raise a total of $10 million, from other VCs and also looking to get buy-in from some tech companies as strategic investors and potential clients.
 
Indian cricketer Yuvraj Singh  has also invested in a Gurgaon based legal firm called Startup Buddy through his  investment fund company YouWeCan Ventures. The start-up founded in 2015 by Manish Aggarwal and Amit Singal is into providing support functions  for start-ups and entrepreneurs in the areas of incorporation accounting, taxation, secretarial compliance, MIS, Intellectual Property Rights, legal assistance, project advisory, etc.Some of their clients include  of ScoopWhoop, InnerChef, Zostel, Coho, Quedesk  etc.
 
 
Also Check out the list of 50 Legal start-ups funded in the past year .Source Cbinsights.com
 

Legal Tech Startups Market Map List

 

Company

Investors

Category

Rocket Lawyer

August Capital;Google Ventures;Industry Ventures;Investor Growth Capital;LexisNexis;Undisclosed Investors

Online legal Services

Axiom

Amadeus Capital Partners;Benchmark;Carrick Capital Partners;CCMP Capital Advisors;DAG Ventures;Draper Richards;Greenhill Capital Partners;J.P. Morgan Partners;Wheatley Partners

Online legal Services

Legal Raasta

Pravin Khandelwal;Yatin Kumar Jain

Online legal Services

Vakilsearch

Kalaari Capital

Online legal Services

Avtal24

Industrifonden;Magnus Wilkne;NFT Ventures;Richard Bage

Online legal Services

LegalVision

Undisclosed Angel Investors;Undisclosed Investors

Online legal Services

LegalMatters

Venture Fathers

Online legal Services

UpCounsel

AngelPad;Collaborative Fund;Crosslink Capital;FundersClub;Haroon Mokhtarzada;Homebrew;Menlo Ventures;Metamorphic Ventures;Signatures Capital;SV Angel;Undisclosed Angel Investors

Online legal Services

LawTrades

500 Accelerator

Online legal Services

Legistify

Ranjit Singh;Undisclosed Angel Investors

Online legal Services

LawGeex

8200 EISP;Eilon Tirosh;LionBird;Lool Ventures;Rami Lipman

Online legal Services

LegalZoom

K1 Capital, Polaris Partners, Kleiner Perkins Caufield & Byers, Institutional Venture Partners, and Permira Advisors

Online legal Services

Wevorce

Cota Capital;Deciens Capital;Fenox Venture Capital;Foundation Capital;Pejman Mar Ventures;Sam Altman;Signatures Capital;Techstars Ventures;WeFunder;Y Combinator

Online legal Services

Avvo

Benchmark;Coatue Management;DAG Ventures;Ignition Partners;Technology Crossover Ventures;Vulcan Capital

Online legal Services

Legalbase

LegalZoom;Norselab;Orange Growth Capital

Online legal Services

LawPath

Brook Adcock;LexisNexis;Macdoch Ventures

Online legal Services

Innovation Asset Group

Undisclosed Angel Investors;Undisclosed Investors

IP/Trademark software and services

Zhiguoguo

Legend Holdings;Matrix Partners China;Undisclosed Angel Investors

IP/Trademark software and services

TrademarkNow

Balderton Capital

IP/Trademark software and services

Clairvolex Knowledge Processes

Anaqua;IndusAge Partners

IP/Trademark software and services

kCura

Iconiq Capital

E-discovery

AccessData

Sorenson Capital

E-discovery

Renew Data Corporation

ABS Capital Partners;ATEL Ventures;CIBC World Markets;Comerica Bank;Garvin Hill Capital Partners;Undisclosed Investors

E-discovery

Catalyst Repository Systems

FTV Capital

E-discovery

Zapproved

Allen Alley;K1 Capital;Kanth Gopalpur;Mark Stevens;Raj Kulkarni;Skip Walter;Steve Sharp;Steve Wynne;Steven Singh;Undisclosed Investors

E-discovery

CS Disco

Bessemer Venture Partners;LiveOak Venture Partners;Stephen Wallace;Trevor Jefferies

E-discovery

Modus eDiscovery

Azalea Capital;Harbert Management Corporation

E-discovery

Everlaw

Andreessen Horowitz;K9 Ventures

E-discovery

Cicayda

Ballast Point Ventures;Richland Ventures

E-discovery

Qdiscovery

Bridge Investments;Starboard Capital Partners

E-discovery

Logikcull

Anshu Sharma;Nick Mehta;Storm Ventures

E-discovery

eDepoze

Nova Partners;Undisclosed Investors

E-discovery

Clio

Acton Capital Partners;Bessemer Venture Partners;Christoph Janz;Point Nine Capital;Version One Ventures

Practice management software

Peppermint Technology

Scottish Equity Partners

Practice management software

PracticePanther Legal Software

Ori Tamuz;Undisclosed Venture Investors

Practice management software

jEugene

Y Combinator

Practice management software

TurboPatent 

Voyager Capital

Practice management software

LawCanvas

muru-D

Practice management software

Page Vault

Cornerstone Angels;Foley Ventures;Fulcrum Investing;Golden Angels Network;Great Oaks Venture Capital;Harbor Street Ventures;IrishAngels;M25 Group;Meridian Street Capital;Nelnet;Pallasite Ventures;Pritzker Group Venture Capital;Ringleader Ventures;The Cultivator;Valence Partners;Warhawk Ventures

Practice management software

Mighty Group

Tribeca Venture Partners and IA Ventures

Litigation Finance

LexShares

Undisclosed

Litigation Finance

Notarize

Founders Fund;Ludlow Ventures;Polaris Partners;Undisclosed Angel Investors

Notarization Tools

Ravel Law

New Enterprise Associates;Work-Bench;Xfund

Legal Research

Casetext

A-Grade;Ben Davenport;BoxGroup;Charlie Cheever;Crosslink Capital;Formation 8;Paul Buchheit;Rob Emrich;Susa Ventures;SV Angel;Tom Glocer;Union Square Ventures;WeFunder;Y Combinator

Legal Research

Judicata

Aaron Levie;David Lee;Dylan Smith;Keith Rabois;Khosla Ventures;Peter Thiel

Legal Research

vLex

Caixa Capital Risc;Enisa

Legal Research

LegalSifter

Birchmere Ventures;Carnegie Mellon University;Undisclosed Angel Investors

AI Legal Tech Software

Premonition

Undisclosed Investors

AI Legal Tech Software

Lexoo

Forward Partners;Jonathan McKay;Lean Investments

Lawyer Search

LawBooth

Undisclosed Investors

Lawyer Search

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