Total amount raised
$102 Millions
Latest funding date
Location
Litera has successfully raised funds through multiple rounds, with notable investors including Hg. The company specializes in providing AI-powered legal technology solutions that streamline workflows and enhance firm performance.
Keep reading to explore the intricacies of Litera's fundraising journey and the investors backing this innovative platform.
What Is Litera?
Litera, founded in 2001 by Deepak Massand and J. Scott Benson, is headquartered in Chicago, Illinois. The company specializes in providing legal technology solutions that streamline and enhance the efficiency of legal work.
Litera offers a range of products and solutions for legal professionals, including document drafting, contract review, and transaction management. Their software helps law firms and document-intensive organizations create, proofread, compare, clean, and distribute high-quality content quickly and securely.
With a workforce of 501-1000 employees, Litera continues to innovate in the legal tech space, empowering legal professionals with tools that integrate seamlessly into their workflows.
How Much Funding Has Litera Raised?
- Private Equity Round
- Amount Raised: Not publicly disclosed
- Date: October 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expansion plans.
- Private Equity Round
- Amount Raised: $100M
- Date: August 2017
- Lead Investors: K1 Investment Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and geographic reach.
- Private Equity Round
- Amount Raised: Not publicly disclosed
- Date: May 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support further growth and acquisitions.
- Venture Round
- Amount Raised: $2M
- Date: January 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological capabilities and product development.
- Private Equity Round
- Amount Raised: Not publicly disclosed
- Date: November 2021
- Lead Investors: Hg
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support long-term growth, expansion, and continued innovation.
Total Amount Raised: $102M
Current Valuation: Not publicly disclosed
Key Investors
- Hg
- Details: Hg is a leading private equity firm that focuses on software and services. They manage around $40 billion in funds and have a portfolio of over 35 software and technology companies.
- Investment Focus Areas: Software, services, technology.
- Notable Investments: Not publicly disclosed.
- K1 Investment Management
- Details: K1 Investment Management is a private equity firm specializing in enterprise software and technology-enabled services. They focus on high-growth companies.
- Investment Focus Areas: Enterprise software, technology-enabled services.
- Notable Investments: Not publicly disclosed.
Information about other major investors in Litera was not found in the provided sources.
What's Next for Litera?
Litera's future looks promising with significant opportunities for expansion into new geographies and areas within the legal tech market. The company aims to leverage its partnership with Hg to continue innovating and developing new products that simplify legal workflows. With over 1,000 employees and a customer base exceeding 15,000, the potential for growth is substantial.
Future fundraising opportunities appear likely, given the continued support from Hg. This financial backing could enable Litera to pursue further acquisitions and expand its product offerings. However, the company may face challenges such as managing rapid expansion and staying ahead of technological advancements in a competitive market.
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