4. Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on November 12, 2018.
Legal Tech Feed Summary
4
Legal Tech > Feed Summary
Technology solutions for Law firms and Corporate Legal Departments
• Inclusions: Legal Practice Management, eDiscovery,
Lawyers' Marketplace, Dispute resolution platforms, legal
contract management, legal research, and Intellectual
Property Management
• Exclusions: Legal firms and Managed Service Providers
• Excludes funding information of Chinese companies
Feed in Numbers
Overview
$3.3B
Funding
22
Mega
Companies
4642250
FundedCovered on
Tracxn
8
Unicorns
11
Soonicorns
76
Minicorns
11
IPO’d Cos
144
Late Stage Cos
36
126
Acquisitions
218
DeadPooled
1
Acquihired
Series A+ Cos
Wolters Kluwer
(1836, The Hague)
LexisNexis
(1973, Albany)
Thomson Reuters
(1800, New York City)
Top Companies
5. Investment Trend Summary
Summary of Funding Activity in Legal Tech
5
$50M - Series D
Icertis (2009, Seattle, $96M)
$25M - Series E
SpringCM (2005, Chicago, $128M)
$50M - Series A
Kira Systems(2011, Toronto, $50M)
$25M - Series C
Icertis (2009, Seattle, $96M)
$38M - Series D
PatSnap (2007, Singapore, $100M)
$25M - Series B
Concord (2015, San Francisco, $48.5M)
$30M - Series B
Seal Software (2010, San Francisco, $34.1M)
$25M - Series B
Logikcull (2004, San Francisco, $42.5M)
$28.4M - Series B
Incopro (2012, London, $28.4M)
$25M - Series B
Everlaw (2010, Berkeley, $34.6M)
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
*YTD *YTD
Legal Tech > Feed Summary > Investment Trend Summary
Seed Right Side Capital Management (#4), Seedcamp (#3), Seed Capital
(#3)
Series A/B Eight Roads Ventures (#2), Menlo Ventures (#2), Ignition Partners
(#1)
Series C+ Bessemer Venture Partners (#1), GV (#1), Shunwei Capital (#1)
Incubators 500 Startups (#16), Y Combinator (#12), Techstars (#8)
Other Notable
Investors
Nextlaw Labs (#7), Kima Ventures (#4), Iconiq Capital (#2)
Debt Investors
The Carlyle Group (#3), Abacus Finance Group (#2), Silicon Valley
Bank (#2)
Most Active InvestorsRecent Investments
189
261
406
266
134
24
2013 2014 2015 2016 2017 2018*
Y-o-Y # of Companies Founded 74 64 79 80 77 66
$2.7B
$192M
$74.1M
$56.3M
$28.3M
US
Europe
Canada
SEA
Israel
$ Funding
$493M
$192M
$358M
$770M
$199M $203M
$1B
72
2013 2014 2015 2016 2017 2018*
$ Funding $ Funding Predicted
# Rounds # Rounds Predicted
6. Summary of exit outlook in Legal Tech
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
Kleiner Perkins 3
DocuSign (2003, San Francisco, $522M)
LegalZoom (2001, Glendale, $266M)
Intel Capital 2
DocuSign (2003, San Francisco, $522M)
Relativity Technologies (1997, Raleigh,
$136M)
Silicon Valley Bank 2
SpringCM (2005, Chicago, $128M)
Recommind (2000, San Francisco, $24M)
Iconiq Capital 2
DocuSign (2003, San Francisco, $522M)
Relativity Technologies (1997, Raleigh,
$136M)
Sapphire Ventures 2
DocuSign (2003, San Francisco, $522M)
Recommind (2000, San Francisco, $24M)
May 2018 RPX Corporation Acq by HGGC for $555M
Aug 2017
CPA Global Acq by Leonard Green and Partners for
$3.1B
Oct 2016 Kroll Ontrack Acq by LDiscovery for $410M
Jul 2016 Epiq Systems Acq by Omers for $1B
Oct 2015 Aderant Acq by Roper Technologies for $675M
May 2012 Ariba Acq by SAP for $4.3B
Legal Tech > Feed Summary > Exit Outlook Summary
Wolters Kluwer 5
Datacert (Apr 2014), CitizenHawk (Sep 2013), Smartlaw (Sep
2014)
Thomson
Reuters
3
MarkMonitor (Jul 2012), Serengeti Law (Oct 2010),
Business Integrity (Oct 2015)
Internet Brands 3 Avvo (Jan 2018), Total Attorneys (Feb 2015), Nolo (May 2011)
LexisNexis 3
Lex Machina (Nov 2015), Ravellaw (Jun 2017), Verilaw
Technologies (May 2004)
Mitratech 3
Viewabill (Mar 2016), CaseTrack (Aug 2015), Bridgeway
Software (Jul 2015)
Recent IPOs Top Acquisitions
Ariba Jun 1999
e-Procurement, invoicing, and B2B collabo…
IPO MCap: $983M
Omtool Aug 1997
Provides document management workflows so…
IPO MCap: $103M
Epiq Systems Apr 1997
eDiscovery Services and Suite
IPO MCap: -
FTI Technology May 1996
FTI Technology: Software & Solutions for…
IPO MCap: -
RPX Corporation May 2011
Patent Risk Solutions
IPO MCap: $714M
VIQ Solutions Feb 2005
Transcription management solutions for mu…
IPO MCap: -
Thomson Reuters Jun 2002
Enterprise solutions for financial, risk,…
IPO MCap: -
Loislaw Sep 1999
Legal and related information to lawyers…
IPO MCap: $293M
8. Key Sub Sectors in Legal Tech Sector
Summary of Key Markets
8
Other Notable Markets
# Cos on
Platform
Last 2 Years
$ Invested # Round
Lawyer's Marketplace >
Consultation 113 $1.4M 3
Top Markets of Investment Activity
# Cos on
Platform
Last 2 Years
$ Invested # Round
Legal Contract Management >
Contract Analytics & Due Dilligence 57 $122M 16
Intellectual Property (IP) Management >
Patent Analytics & Management 84 $55.1M 12
Intellectual Property (IP) Management >
Brand Protection & Anti-Counterfeit 57 $67.2M 9
Legal Contract Management >
Contract Creation 66 $57.7M 10
Legal Contract Management >
Contract Lifecycle Management 88 $114M 7
eDiscovery > SaaS >
Review & Analytics 44 $59.7M 8
Legal Research >
Analytics 68 $26.7M 10
Legal Contract Management > Contract
Creation >
e-Signature
84 $27.7M 7
Legal Forms >
Suite 108 $10.5M 5
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Legal Contract Management
Companies offering contract lifecycle management
platform which spans across contract...
309 91 $1.1B
eDiscovery
Companies offering a platform to manage emails,
documents, and media files for litigation...
133 53 $683M
Intellectual Property (IP) Management
Companies offering solutions for IP management
including filing, tracking, analytics,...
218 63 $483M
Legal Forms
Companies offering online DIY legal form services for
individuals, SMBs, and Enterprises...
207 49 $386M
Lawyer's Marketplace
Companies offering legal services marketplace for
connecting consumers, businesses, attorneys...
436 60 $210M
Legal Practice Management
Companies offering legal practice management
platform for end to end client intake to...
552 64 $132M
Legal Research
Companies offering legal database resources &
analytics to help lawyers to make data-driven...
171 39 $100M
Legal Tech > Feed Summary > Summary of Key Markets
9. List of Notable Companies in Legal Tech
Notable Companies in the Sector
9
Note: *(Founded Year, Location, Total Funding)
Legal Tech > Feed Summary > Notable Companies in the Sector
Public
Loislaw
(1987, New York City)*
Omtool
(1991, Andover)
LegalZoom
(2001, Glendale, $266M)
Thomson Reuters
(1800, New York City)
Wolters Kluwer
(1836, The Hague)
VIQ Solutions
(2004, Mississauga)
FTI Technology
(1982, Washington D.C.)
Stratify
(1999, Mountain View)
Acquired
Ariba
(1996, Sunnyvale)
CPA Global
(1969, Saint Helier, $20.6M)
Epiq Systems
(1988, Kansas City)
Aderant
(1978, Atlanta)
RPX Corporation
(2008, San Francisco)
Kroll Ontrack
(1985, Minneapolis)
NetNames
(1995, London)
SpringCM
(2005, Chicago, $128M)
Recommind
(2000, San Francisco, $24M)
Iris
(2007, Olathe)
Acquired
Encore Discovery
Solutions
(2003, Phoenix)
Unicorns
DocuSign
(2003, San Francisco, $522M)
Relativity Technologies
(1997, Raleigh, $136M)
LexisNexis
(1973, Albany)
11. List of Notable Companies by Market in Legal Tech
Notable Companies by Market (1/5)
11
Legal Tech > Feed Summary > Notable Companies by Market
Enterprise Legal Management(Suite)
Enterprise Legal Management(Suite)
Mitratech (1987, Austin, $20.5M)
Enterprise Legal Management solution
Soonicorn. Stage: Acquired
Noble Rock, Vista Equity Partners, TA Associates
Management
LexisNexis (1973, Albany)
Enterprise Legal Management.
Unicorn. Stage: Acquired
Thomson Reuters (1800, New York City)
Enterprise solutions for financial, risk, legal, tax and
accounting
Unicorn. Stage: Public
One Equity Partners
Wolters Kluwer (1836, The Hague)
Suites for Legal office management and accounting
firms
Unicorn. Stage: Public
MMF Capital
Legal Practice Management
Suite
Clio (2008, Burnaby, $27M)
Cloud-based legal practice management solutions
for SMBs
Soonicorn. Stage: Acquired
Bessemer Venture Partners, Acton Capital Partners,
Point Nine Capital and 1 Other Investors
Aderant (1978, Atlanta)
Legal Business management software
Stage: Acquired
Prospect Street Ventures
Document Assembly & Automation
Omtool (1991, Andover)
Provides document management workflows
solutions
Stage: Acquired
Summit Partners
12. List of Notable Companies by Market in Legal Tech
Notable Companies by Market (2/5)
12
Legal Tech > Feed Summary > Notable Companies by Market
eDiscovery
MSP + SaaS
Lighthouse eDiscovery (1995, Seattle,
$36.8M)
eDiscovery services and technology
Soonicorn. Stage: Series A
CIT, Spire Capital, Columbia Pacific Advisors
Recommind (2000, San Francisco, $24M)
SaaS based Legal hold software for ediscovery
Stage: Acquired
Sapphire Ventures, Kennet Partners, Silicon Valley
Bank and 3 Other Investors
AccessData (1987, Lindon, $20M)
Digital forensics and e-discovery solutions.
Soonicorn. Stage: Acquired
Ron Mika, Matt Marsh, Sorenson Capital and 1
Other Investors
Encore Discovery Solutions (2003, Phoenix)
Encore Discovery Solutions
Stage: Acquired
Baird Capital
MSP + SaaS
Epiq Systems (1988, Kansas City)
eDiscovery Services and Suite
Stage: Acquired
VantEdge Partners, ValueAct Capital
FTI Technology (1982, Washington D.C.)
FTI Technology: Software & Solutions for E-
discovery
Stage: Public
Iris (2007, Olathe)
Legal Services
Stage: Acquired
Kroll Ontrack (1985, Minneapolis)
Data recovery and discovery management
Stage: Acquired
TA Associates Management
Stratify (1999, Mountain View)
eDiscovery document review
Stage: Public
In-Q-Tel, Mobius Venture Capital
SaaS
Relativity Technologies (1997, Raleigh,
$136M)
eDiscovery ERDM process management
Unicorn. Stage: Acquired
Iconiq Capital, Intel Capital, Tall Oaks Capital
Partners and 4 Other Investors
Disco (2012, Houston, $50.6M)
SaaS based eDiscovery for litigation boutiques and
AmLaw 200
Soonicorn. Stage: Series C
Bessemer Venture Partners, LiveOak Venture
Partners, The Stephens Group
13. List of Notable Companies by Market in Legal Tech
Notable Companies by Market (3/5)
13
Legal Tech > Feed Summary > Notable Companies by Market
Legal Research
Legal Search Engine
Loislaw (1987, New York City)
Legal and related information to lawyers and law
firms
Stage: Acquired
Capital Resource Partners
Legal Contract Management
Contract Lifecycle Management
SpringCM (2005, Chicago, $128M)
Cloud Enterprise Content and Contract Mangement
Soonicorn. Stage: Acquired
Crestline Investors, Foundation Capital, North
Bridge and 9 Other Investors
Icertis (2009, Seattle, $96M)
Cloud based contract management solutions
Soonicorn. Stage: Series D
Meritech Capital Partners, Cross Creek Advisors, B
Capital Group and 5 Other Investors
Ariba (1996, Sunnyvale)
e-Procurement, invoicing, and B2B collaboration
software
Unicorn. Stage: Acquired
Intel, The Beekman Group, Van Wagoner Ventures
and 3 Other Investors
Contract Creation
DocuSign (2003, San Francisco, $522M)
Digital Transaction Management Tool
Unicorn. Stage: Series F
Hercules Capital, Intel Capital, Dell Technologies
and 55 Other Investors
14. List of Notable Companies by Market in Legal Tech
Notable Companies by Market (4/5)
14
Legal Tech > Feed Summary > Notable Companies by Market
Intellectual Property (IP) Management
Suite
Anaqua (2004, Boston, $125M)
Asset management (IAM) software solution
Soonicorn. Stage: Acquired
Bessemer Venture Partners, Lead Edge Capital, The
Cambria Group
CPA Global (1969, Saint Helier, $20.6M)
IP Management
Unicorn. Stage: Acquired
Epiris, ICG, Electra Private Equity
Patent Analytics & Management
PatSnap (2007, Singapore, $100M)
Provides a search platform for patents
Soonicorn. Stage: Series D
Sequoia Capital, Shunwei Capital, Qualgro GP and 3
Other Investors
RPX Corporation (2008, San Francisco)
Patent Risk Solutions
Stage: Acquired
Index Ventures, Charles River Ventures, Kleiner
Perkins
Brand Protection & Anti-Counterfeit
NetNames (1995, London)
Online brand protection & domain name
management
Stage: Acquired
15. List of Notable Companies by Market in Legal Tech
Notable Companies by Market (5/5)
15
Legal Tech > Feed Summary > Notable Companies by Market
Legal Forms
Suite
LegalZoom (2001, Glendale, $266M)
Legal Document Services
Unicorn. Stage: Public
Permira investment, IVP, Kleiner Perkins and 8
Other Investors
Rocket Lawyer (2008, San Francisco, $53.4M)
Online legal services
Soonicorn. Stage: Series E
Industry Ventures, August Capital, Investor and 6
Other Investors
Lawyer's Marketplace
Consultation
Avvo (2006, Seattle, $132M)
Legal marketplace, lawyer's directory, Q&A forum
and legal marketing
Soonicorn. Stage: Acquired
TCV, Coatue, Vulcan Capital and 3 Other Investors
Courtroom Solutions
Transcription Workflow Management Software
VIQ Solutions (2004, Mississauga)
Transcription management solutions for multiple
inddustries
Stage: Public
Tera Capital
16. Recent News in Legal Tech Sector
Recent News
16
Legal Tech > Feed Summary > Recent News
Nov 2018
LexisNexis® Risk Solutions wins Chartis RiskTech100® 2019
award for Financial Crime - Data, PR Newswire
Nov 2018
Factbox: Plans for electric vehicle battery production in Europe,
Reuters
Nov 2018
Wolters Kluwer to Become Exclusive Production, Promotion and
Distribution Partner for National Institute for Trial Advocacy, PR
Newswire
Nov 2018
DocuSign And NAR Partner To Offer Products To Digital Neophytes,
Inman
Nov 2018 DISCO Selected By Private Credit Manager, TexasTechPulse
Nov 2018
Zylpha's All New Bundling System Transforms Legal Documentation
Standards, RealWire
Nov 2018
Thomson Reuters’ $650 Million Waterfall Tender Offer, Global Legal
Chronicle
Nov 2018
Thomson Reuters eyes 'substantive' purchases after Blackstone
deal, Reuters
Nov 2018
Thomson Reuters reports better-than-expected quarterly profit,
Channel NewsAsia
Nov 2018
Wolters Kluwer's ELM Solution Introduces Legal Holds Module,
Enhancements for Passport® and TyMetrix® 360° Solutions,
Business Wire
Nov 2018
Exari Improves Compliance with Cyber Exposure Solution for the
Insurance Industry, PR Newswire
Key Recent News Key Recent News
Nov 2018
Relativity Announces the Release of Relativity Trace--a New App for
Proactive Risk Management and Compliance, PR Newswire
Nov 2018
Wolters Kluwer Tax & Accounting Recognized by the Golden Bridge
Awards, Citybizlist
Nov 2018 Dennemeyer Group Acquires octimine technologies, FinSMEs
Nov 2018
ideaPoint Launches New Software to More Easily Capture
Partnering Opportunities and Novel Ideas, Business Wire
Nov 2018 Onit Ranks #11 on Houston Chronicle’s Top Workplaces, Citybizlist
Nov 2018
Rocket Matter Partners with BirdEye to Help Law Firms Build…,
BestProductsReview
Nov 2018
Cornerstone Technologies, a Subsidiary of Sonasoft, Partners with
Exterro to Extend its E-Discovery Services Into Enterprise Market,
NewMediaWire
Nov 2018
Icertis Strengthens Executive Team With Experienced Microsoft and
Startup CFO, PR Newswire
Oct 2018 Daily funding roundup - October 31st, 2018, Vator
Oct 2018
DISCO Expands Global Presence with European Data Centre and UK
Office, Business Wire
Oct 2018
Consilio Acquires Document review and Compliance Solution
Provider, DiscoverReady, ReadITQuik
Oct 2018 Frontier Capital exits MultiLing investment, Private Equity Wire
Oct 2018 Virtual Court rooms take another step forward, Global Legal Post
18. Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Finance & Accounting Tech
Oct 2018
Business Intelligence
Oct 2018
Construction Tech
Oct 2018
36. Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Finance & Accounting Tech
Oct 2018
Business Intelligence
Oct 2018
Construction Tech
Oct 2018
38. Key Sub Sectors (1/2)
38
Key Sub Sectors in Legal Tech
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Legal Contract Management
Companies offering contract lifecycle management platform which spans across contract
creation, revi....
SpringCM (2005, Chicago, Acquired)
DocuSign (2003, San Francisco, $522M)
309 91 $1.1B
eDiscovery
Companies offering a platform to manage emails, documents, and media files for litigation
process th....
Relativity Technologies (1997, Raleigh,
Acquired)
Disco (2012, Houston, $50.6M)
133 53 $683M
Intellectual Property (IP) Management
Companies offering solutions for IP management including filing, tracking, analytics, anti-
counterfeit management etc.
Anaqua (2004, Boston, Acquired)
PatSnap (2007, Singapore, $100M)
218 63 $483M
Legal Forms
Companies offering online DIY legal form services for individuals, SMBs, and Enterprises
LegalZoom (2001, Glendale, Public)
Rocket Lawyer (2008, San Francisco,
$53.4M)
207 49 $386M
Lawyer's Marketplace
Companies offering legal services marketplace for connecting consumers, businesses,
attorneys and lawyers
Avvo (2006, Seattle, Acquired)
Notarize (2015, Boston, $31M)
436 60 $210M
Legal Practice Management
Companies offering legal practice management platform for end to end client intake to
invoicing with....
Clio (2008, Burnaby, Acquired)
Apperio (2012, London, $12.7M)
552 64 $132M
Legal Research
Companies offering legal database resources & analytics to help lawyers to make data-driven
decision....
Lex Machina (2009, Menlo Park, Acquired)
Casetext (2013, Palo Alto, $20.8M)
171 39 $100M
Enterprise Legal Management(Suite)
Companies offering legal suite solutions for end-to-end enterprise legal practice management,
contra....
Mitratech (1987, Austin, Acquired)
Onit (2009, Houston, $21.4M)
22 6 $56.9M
Legal Tech > Market Details > Key Sub Sectors
39. Key Sub Sectors (2/2)
39
Key Sub Sectors in Legal Tech
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Dispute Resolution
Companies offering out-of-court dispute resolution platform for small claim cases
Modria (2011, San Jose, Acquired)
Airhelp (2013, New York City, $17.1M)
80 22 $48.6M
Courtroom Solutions
Companies offering a remote appearance platform for court sessions and trial presentation
solutions
Veritext (1997, Florham Park, Acquired)
Trint (2014, London, $3.1M)
37 8 $4.8M
Legal Tech > Market Details > Key Sub Sectors
50. Rank Market
Last 2 Years
# of Comp Founded $ Invested # Round Top Funded Company
1
Lawyer's Marketplace > Consultation
Companies offering an online legal consultation platform
(Companies covered 113 | Funded 11 | Total Funding $134M)
44 $1.4M
(+$1.4M)
3
(+3)
Pravoved.ru
(2011, St. Petersburg, $1M)
2
Lawyer's Marketplace > Listing & Booking > Listing
Companies offering a pure-play lawyer listing platform
(Companies covered 109 | Funded 10 | Total Funding $1.9M)
33 $0
(0)
0
(-)
Legal Reach
(2012, San Francisco,
$900k)
50
Other Notable Markets
Other Notable Markets with high Entrepreneurial Activity in Legal Tech in last 2 years (November 2016 - October 2018)
Legal Tech > Market Details > Other Notable Markets
51. Incubators Y Combinator (#1)
Seed Nextlaw Labs (#1), Seedcamp (#1)
Series A/B Toba Capital (#1), Foundry Group (#1)
Series C+
Apogee Legal Jul - 2018
Acq by Seal Software
Counselytics Apr - 2018
Acq by Conga
$50M - Series A
Kira Systems (2011, Toronto, $50M)
$30M - Series B
Seal Software (2010, San Francisco,
$34.1M)
$4.7M - Series A
Contract Wrangler (2016, San Mateo,
$4.7M)
$2.2M - Angel
LinkSquares (2015, Somerville, $2.2M)
Series A
Kira Systems (2011, Toronto, $50M)
$12M - Series B
LawGeex (2014, Tel Aviv, $22.3M)
$120k - Seed
Lawyaw (2016, San Francisco, $120k)
$1.2M - Seed
Hyperlex (2017, Paris, $1.2M)
$2.4M - Seed
Heretik (2017, Chicago, $2.4M)
$10M - Series A
Luminance AI (2015, Cambridge,
$13M)
Oct 2018
Luminance launches eDiscovery product to assist with
litigation, Legal IT Professionals
Sep 2018
Intralinks and Axiom Alliance Benefits European
Dealmakers, PR Newswire
Sep 2018 FTI Consulting Teams with Kira Systems, Citybizlist
Sep 2018
Kira Systems closes $50 mln Series A with Insight Venture
Partners, PE Hub
Aug 2018
Seal Software Bolsters Strength in Legal Services, Pharma
and Healthcare Sectors With Key Appointments, PRWeb
Aug 2018
Seal Software Named to Inc. 5000 List of America’s Fastest-
Growing…, BestProductsReview
Jun 2018
Weightmans strikes partnership with University of Liverpool
and Kira Systems, Insider Media
Jun 2018
Seal Software Releases New Version of Seal Content and
Analytics, Technology-Signals
May 2018
LinkSquares raises $2M seed round for software to save
paper pushers, The Business Journals
Apr 2018
Luminance extends AI platform to regulatory compliance
work, Global Legal Post
Mar 2018
Lawyaw uses AI to help lawyers draft documents faster,
Technology Thrill
Mar 2018
Thomson Reuters collaborate with eBrevia for AI-driven
contract remediation, Finextra
Mar 2018
AI Faster and More Accurate at Analyzing Contracts Than
Top Lawyers, Disruptor Daily
News
2
1
9
26
57
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Legal Contract Management > Contract Analytics & Due Dilligence: Market Factsheet
51
Exits
Most Active Investors
Recent InvestmentsCompanies offering an AI based
platform for reviewing, parsing
and tagging documents
Kira Systems
(2011, Toronto, $50M)
Seal Software
(2010, San Francisco, $34.1M)
Axiom
(2000, New York City, $28M)
LawGeex
(2014, Tel Aviv, $22.3M)
Luminance AI
(2015, Cambridge, $13M)
Top Companies
#1 Top Markets of Investment Activity
Legal Tech > Market Details > Market: Contract Analytics & Due Dilligence
Companies Created 57 | Funded 26 | Total Funding $178M
0
5
10
$0k
$100M
$200M
$300M
2014 2015 2016 2017 2018
Predicted Funding YoY Funding
Rounds Predicted Rounds
YoY Funding and Rounds
Market: Contract Analytics & Due Dilligence
52. 52
Legal Contract Management > Contract Analytics & Due Dilligence: Top Companies
Legal Tech > Market Details > Market: Contract Analytics & Due Dilligence
#1 Top Markets of Investment Activity
Market: Contract Analytics & Due Dilligence (1/2)
Analyst’s Pick
Kira Systems (2011, Toronto, $50M)
Contract automation
Minicorn. Stage: Series A
Insight Venture Partners, Bowmans
Seal Software (2010, San Francisco, $34.1M)
Contract analysis: Clause extraction and review
Minicorn. Stage: Series B
Toba Capital, Tern, Kreos Capital
Axiom (2000, New York City, $28M)
Contract analysis and legal services
Editor's Pick. Stage: Series A
Carrick Capital Partners, DAG Ventures, Benchmark
Capital and 4 Other Investors
LawGeex (2014, Tel Aviv, $22.3M)
Automated Contract analyzer
Minicorn. Stage: Series B
Aleph Venture Capital, Lool Ventures, LionBird,
Recruit Holdings
Analyst’s Pick
Luminance AI (2015, Cambridge, $13M)
AI for legal due diligence
Minicorn. Stage: Series A
Talis Capital, Invoke Capital, Slaughter and May,
Vision
Leverton (2012, Berlin, $5.5M)
Intelligent Information Extraction
Minicorn. Stage: Series A
LegalSifter (2013, Pittsburgh, $4.9M)
ML to read legal docs
Minicorn. Stage: Series A
Birchmere Labs, Carnegie Mellon University,
Birchmere Ventures
Heretik (2017, Chicago, $2.4M)
Legal contracts reviewing platform
Minicorn. Stage: Seed
Corazon Capital, Chicago Ventures, Service Provider
Capital
Analyst’s Pick
eBrevia (2011, Stamford, $2M)
Machine learning to automate contract review in
due diligence, lease abstraction, contract mgmt, &
doc drafting.
Minicorn. Stage: Seed
Connecticut Innovations, Rothenberg Ventures
Counselytics (2013, New York City, $850k)
contract review using Machine Learning
Minicorn. Stage: Acquired
Great Oaks Venture Capital, Compound
Lawyaw (2016, San Francisco, $120k)
AI enbaled solutions for legal document drafting
Editor's Pick. Stage: Seed
Y Combinator, Revel Partners
Beagle (2014, Toronto)
AI using NLP for Contract Automation
Minicorn. Stage: Seed
Nextlaw Labs, Creative Destruction Lab, Seedcamp,
GTAN
Crux IQ (2016, Chennai)
Intelligent contract analytics
Minicorn. Stage: Unfunded
53. 53
Legal Contract Management > Contract Analytics & Due Dilligence: Top Companies
Legal Tech > Market Details > Market: Contract Analytics & Due Dilligence
#1 Top Markets of Investment Activity
Market: Contract Analytics & Due Dilligence (2/2)
Analyst’s Pick
Legal Robot (2015, San Francisco)
AI for contract review
Minicorn. Stage: Seed
Seedcamp
Ayfie (2016, New York City)
Text analytics and enterprise search platform
Editor's Pick. Stage: Funded
Weslake Ventures
LexaTexer (2013, Berlin)
Predictive analytics solutions for multiple
industries
Editor's Pick. Stage: Unfunded
rfrnz (2017, Munich)
Contract analysis using Artificial intelligence
technologies
Editor's Pick. Stage: Funded
Techfounders
55. Incubators Arch Grants (#1), Capital Innovators (#1)
Seed Eniac Ventures (#1), Voyager Capital (#1)
Series A/B Foundation Capital (#1), Kleiner Perkins (#1)
Series C+ Shunwei Capital (#1), Sequoia Capital (#1)
octimine technologies Nov - 2018
Acq by Dennemeyer
Filing Analytics Sep - 2018
Acq by CPA Global
RPX Corporation May - 2011
IPO'd on NASDAQ
AcclaimiP Apr - 2016
Acq by Anaqua
Innography Nov - 2015
Acq by CPA Global
PatentCore Jul - 2014
Acq by Reed Tech
Pantros IP Oct - 2013
Acq by IP.com
$4M - Series A
Aistemos (2013, London, $4M)
$38M - Series D
PatSnap (2007, Singapore, $100M)
$2.6M - Seed
Legit (2016, Cambridge, $2.6M)
$2.1M - Seed
IPwe (2017, Dover, $2.1M)
$3.2M - Series A
TurboPatent (2010, Seattle, $6.7M)
$983k - Seed
Iamip (2013, Stockholm, $2.1M)
Nov 2018 Dennemeyer Group Acquires octimine technologies, FinSMEs
Oct 2018 IP.com lands deal with OnePetro, Rochester Business Journal
Oct 2018
Wolters Kluwer Partners with Alt Legal to Enhance
Trademark Docketing Abilities, PR Newswire
Aug 2018
IPwe And BlockHiro Announce Strategic Relationship,
AIThority
Jul 2018 The West is Set to Lose the Innovation Arms Race, PRWeb
Jul 2018
Loci is using blockchain technology to tell you if your
invention is unique, VentureBeat
Jun 2018
UK-based patent analytics startup Aistemos raises £3 million
from Beringea, Tech.eu
Jun 2018
IP platform PatSnap picks up $38M from Sequoia and Xiaomi
founder’s fund, TechCrunch
Jun 2018
Gainey McKenna & Egleston Announces A Class Action
Lawsuit Has Been Filed Against RPX Corporation (RPXC),
GlobeNewswire
May 2018
Zeno sells 4 network security patent to SF-based RPX
Corporation, Indiatimes
May 2018
HGGC agrees $555m take-private of patent risk,
management business RPX Corporation, AltAssets
May 2018
BRIEF-RPX Corp To Be Acquired By HGGC For $10.50 Per
Share, Reuters
Apr 2018 Legit Raises $2.6M Seed, Citybizlist
Feb 2018 PatSnap releases Workspaces cloud platform, Research Live
Dec 2017 RPX : Announces Executive Changes, 4-Traders
News
8
2
8
23
84
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Intellectual Property (IP) Management > Patent Analytics & Management: Market Factsheet
55
Exits
Most Active Investors
Recent InvestmentsCompanies offering tools for
patent analytics and management
RPX Corporation
(2008, San Francisco)
PatSnap
(2007, Singapore, $100M)
Innography
(2006, Austin, $14M)
TurboPatent
(2010, Seattle, $6.7M)
Aistemos
(2013, London, $4M)
Top Companies
#2 Top Markets of Investment Activity
Legal Tech > Market Details > Market: Patent Analytics & Management
Companies Created 84 | Funded 23 | Total Funding $146M
0
5
10
$0k
$50M
$100M
$150M
2014 2015 2016 2017 2018
Predicted Funding YoY Funding
Rounds Predicted Rounds
YoY Funding and Rounds
Market: Patent Analytics & Management
56. 56
Intellectual Property (IP) Management > Patent Analytics & Management: Top Companies
Legal Tech > Market Details > Market: Patent Analytics & Management
#2 Top Markets of Investment Activity
Market: Patent Analytics & Management
Analyst’s Pick
PatSnap (2007, Singapore, $100M)
Provides a search platform for patents
Soonicorn. Stage: Series D
Sequoia Capital, Shunwei Capital, Qualgro GP and 3
Other Investors
Aistemos (2013, London, $4M)
IP analytics platform
Editor's Pick. Stage: Series A
Beringea, ProVen VCTs
Legit (2016, Cambridge, $2.6M)
AI-based platform for creating invention disclosure
forms
Editor's Pick. Stage: Seed
Eniac Ventures, Elementum Ventures, Max
Ventures and Industries and 5 Other Investors
IPwe (2017, Dover, $2.1M)
Blockchain-based patent registry system
Editor's Pick. Stage: Seed
Analyst’s Pick
Juristat (2012, St. Louis, $1.7M)
Legal analytics for lawfirms
Minicorn. Stage: Seed
Arsenal Capital Management, The Entrust Group,
Arch Grants, Capital Innovators
CognitionIP (2018, Palo Alto)
Patent filing and analytics solution provider
Editor's Pick. Stage: Funded
Y Combinator, Trifecta Capital, Zeno Ventures
58. Incubators Vectr Ventures (#1), Mistletoe (#1)
Seed Trident Capital (#1), Social Starts (#1)
Series A/B Foundation Capital (#1), Eight Roads Ventures (#1)
Series C+
Cyveillance Dec - 2015
Acq by LookingGlass
Topple Track Jun - 2015
Acq by Symphonic Distribution
Web IP Apr - 2014
Acq by NetNames
CitizenHawk Sep - 2013
Acq by Wolters Kluwer
MarkMonitor Jul - 2012
Acq by Thomson Reuters
BayTSP Oct - 2011
Acq by Irdeto
NetNames Oct - 2011
Acq by HgCapital for $236M
$28.4M - Series B
Incopro (2012, London, $28.4M)
$12M - Series B
Red Points (2011, Barcelona, $26.2M)
$12M - Series B
Red Points (2011, Barcelona, $26.2M)
$1.1M - Series A
BrandShield (2010, Ramat Hasharon,
$2.5M)
$3.2M - Series A
MUSO (2009, London, $3.2M)
$345k - Seed
Kopjra (2014, Bologna, $510k)
Oct 2018
MUSO launches Piracy by Industry Dashboard, Advanced
Television
May 2018
Vaultitude Creates Unified Blockchain-Based Solution for
Intellectual Property Management, Coinspeaker
May 2018
Corsearch Announces Strategic Partnerships with Key-
Systems GmbH and INCOPRO, Business Wire
May 2018
AI is finding out when the person using your account isn’t
you, The Next Web
May 2018
PhishLabs and BrandProtect Merge to Become the Leading
Provider of Threat Intelligence and Mitigation Solutions,
PRWeb
May 2018
Brand protection company Red Points raises an additional
$12 million in Series B funding, Tech.eu
Jan 2018 Red Points takes $12M to help brands beat fakes, TechCrunch
Dec 2017
Image Protect Inc. Achieves 300% Efficiency Increase in
Infringement Case Settlement Time; Core software
engineering breakthrough expedites average case settlement
time to 46 Days, GlobeNewswire
Dec 2017
Blenheim Natural Resources Buys BrandShield Stake Amid
Blockchain Deal, London South East
Dec 2017
Security company discovers database of 1.4B user
credentials on the dark web, SiliconAngle
Dec 2017
Image Protect Inc. Announces Historic Rise in Current Active
Infringement Cases, NewMediaWire
Dec 2017
Red Points is helping brands win the war against
counterfeiters, Silicon Republic
News
7
1
12
22
57
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Intellectual Property (IP) Management > Brand Protection & Anti-Counterfeit: Market Factsheet
58
Exits
Most Active Investors
Recent InvestmentsCompanies offering brand
protection & anti-counterfeit
management solutions related to
core IP
Incopro
(2012, London, $28.4M)
Red Points
(2011, Barcelona, $26.2M)
4iQ
(2016, San Francisco, $14M)
Cyveillance
(1997, Reston, $14M)
MarkMonitor
(1999, San Francisco, $12M)
Top Companies
#3 Top Markets of Investment Activity
Legal Tech > Market Details > Market: Brand Protection & Anti-Counterfeit
Companies Created 57 | Funded 22 | Total Funding $119M
0
2
4
6
$0k
$50M
$100M
$150M
2014 2015 2016 2017 2018
Predicted Funding YoY Funding
Rounds Predicted Rounds
YoY Funding and Rounds
Market: Brand Protection & Anti-Counterfeit
59. 59
Intellectual Property (IP) Management > Brand Protection & Anti-Counterfeit: Top Companies
Legal Tech > Market Details > Market: Brand Protection & Anti-Counterfeit
#3 Top Markets of Investment Activity
Market: Brand Protection & Anti-Counterfeit
Analyst’s Pick
Red Points (2011, Barcelona, $26.2M)
Brand protection and anti piracy solution
Editor's Pick. Stage: Series B
Eight Roads Ventures, Northzone, Mangrove Capital
Partners, Banc Sabadell
4iQ (2016, San Francisco, $14M)
Big data analytics & machine learning based threat
intelligence platform
Minicorn. Stage: Series A
Adara Ventures, Telefónica Open Future, Armat
Group and 2 Other Investors
MarkMonitor (1999, San Francisco, $12M)
Online brand & reputation monitoring & protection
for enterprise
Editor's Pick. Stage: Acquired
Focus Ventures, Foundation Capital, IVP and 2
Other Investors
MUSO (2009, London, $3.2M)
Online Anti Piracy Platform
Minicorn. Stage: Series A
Harwell Capital
Analyst’s Pick
Kopjra (2014, Bologna, $510k)
digital rights management
Minicorn. Stage: Seed
Casalini Zambon, Club Digital, TIM Ventures and 2
Other Investors
Adversarial (2014, San Francisco)
Enterprise threat protection platform
Minicorn. Stage: Unfunded
Bouju (2012, Los Angeles)
Enterprise brand protection
Minicorn. Stage: Funded
Plug and Play Tech Center, Skywood Capital, BAM
Ventures
Counterfeit.Technology (2014, Trevose)
Software for copyrights protection
Minicorn. Stage: Unfunded
IP Shark (2014, Los Angeles)
Online brand protection
Minicorn. Stage: Unfunded
Analyst’s Pick
Protect.ly (2015, Edinburgh)
Anti-piracy DMCA service to protect products from
online piracy!
Minicorn. Stage: Unfunded
ImageProtect (2013, San Clemente)
Online Image tracking
Editor's Pick. Stage: Unfunded
IP Shark (2014, San Francisco)
Online brand protection and IP management
software
Editor's Pick. Stage: Unfunded
IPHawk (2017, Thane)
Cloud-hosted AI-enabled IP protection platform
Editor's Pick. Stage: Funded
TiE Mumbai's SmashUp 7.0
Proofstack (2014, Istanbul)
Copyright service with qualified timestamp and
blockchain authentication
Editor's Pick. Stage: Unfunded
76. 76
#9 Top Markets of Investment Activity
Legal Tech > Market Details > Market: Suite
Companies Created 108 | Funded 28 | Total Funding $347M
Market: Suite
77. 77
Legal Tech > Market Details > Market: Suite
#9 Top Markets of Investment Activity
Market: Suite
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