Total amount raised
$9.7M
Latest funding date
2022-01-14
Location
Lawtrades has successfully raised $1.9 million over two funding rounds, with the latest being a Seed round in November 2016. The platform connects companies with a selective network of legal professionals, including attorneys, paralegals, and compliance experts.
What Is Lawtrades?
Lawtrades, founded by Raad Ahmed and Ashish Walia, is a New York City-based startup that provides legal infrastructure for the internet. The company connects businesses with a selective network of legal professionals, including attorneys, paralegals, and compliance experts.
Since its inception, Lawtrades has focused on offering services in commercial contracts, privacy, corporate law, IP, securities, regulatory compliance, and outside GC services. The platform is designed to empower independent legal professionals and help companies build diverse legal teams.
With a team of 11-50 employees, Lawtrades leverages technology to offer flexible legal talent solutions, catering to the needs of both startups and Fortune 500 companies.
How Much Funding Has Lawtrades Raised?
- Seed Round
- Amount Raised: $1.8 million
- Date: December 2016
- Lead Investors: Draper Associates
- Other Investors: 500 Global (500 Startups), Graph Ventures, AngelList, First Ascent Associates
- Motivation Behind the Round: To expand the platform's capabilities and grow the network of legal professionals connecting startups with on-demand legal talent.
- Series A
- Amount Raised: $6 million
- Date: January 14, 2022
- Lead Investors: Four Cities Capital
- Other Investors: Draper Associates, 500 Global (500 Startups), Dispatch Ventures, Ankur Nagpal (Teachable founder), Sahil Lavingia (Gumroad founder), Aman Bhutani (GoDaddy CEO), Sahin Boydas, Jared Sine, and ~100 customers and operators
- Valuation: $80 million
- Motivation Behind the Round: To scale the platform following a doubling of revenue in 2021 and accelerate growth in the legal talent marketplace.
Lawtrades has raised a total of at least $7.8 million based on disclosed funding. Additional earlier-stage rounds may exist; Inc. and other sources cite a cumulative total of approximately $9.7 million.
Key Investors
- Four Cities Capital
- Details: Four Cities Capital is a venture capital firm that invests in early-stage Seed and Series A companies globally, focusing on opportunities created by major technological and economic shifts.
- Investment Focus Areas: Early-stage technology, marketplaces
- Role in Lawtrades: Lead investor in Lawtrades' $6M Series A round (January 2022)
- Draper Associates
- Details: Draper Associates is a prominent venture capital firm led by legendary investor Tim Draper. The firm has a long history of backing transformative technology companies at the seed stage.
- Investment Focus Areas: Technology, Fintech, Legal Tech
- Role in Lawtrades: Lead investor in the 2016 Seed round and participant in the 2022 Series A
- 500 Global (500 Startups)
- Details: 500 Global is a global venture capital firm and startup accelerator that has invested in thousands of companies across more than 77 countries.
- Investment Focus Areas: Technology, Fintech, Healthtech, Marketplaces
- Notable Investments: Credit Karma, Canva, Udemy
- Dispatch Ventures
- Details: Dispatch Ventures is a venture capital firm participating in the Lawtrades Series A round.
- Investment Focus Areas: Early-stage technology companies
- Role in Lawtrades: Participant in the 2022 Series A round
- Ankur Nagpal
- Details: Ankur Nagpal is the founder of Teachable, an online course platform. He participated in the Lawtrades Series A as an angel investor.
- Role in Lawtrades: Angel investor in the 2022 Series A round
What's Next for Lawtrades?
Lawtrades stands at the cusp of significant growth opportunities, particularly through the resources and programs offered by 500 Global. By engaging in 500 Global's Founder Programs and accelerators, Lawtrades can tap into a wealth of mentorship, resources, and networks, positioning itself for substantial market expansion. The focus on underinvested, fast-growing markets presents a fertile ground for Lawtrades to scale its operations and enhance its service offerings.
Future fundraising prospects look promising as Lawtrades aligns with 500 Global's investment strategy, targeting high-value technology markets. Participation in VC Unlocked courses could further equip Lawtrades with the necessary tools to navigate the fundraising landscape effectively. However, the company may face challenges such as intense competition for investment and the complexities of operating in diverse regulatory environments. By leveraging 500 Global's extensive network and resources, Lawtrades can strategically position itself for continued growth and potential acquisitions.
Use Clay to Get Funding Data
Sales professionals, take advantage of Clay's platform to access comprehensive fundraising data on companies like Lawtrades and gather other critical business insights.
Sign up for free on Clay and start leveraging these powerful tools today.
