Check out 10 pitch decks that legal-tech startups used to raise millions

legal tech lady justice code 4x3 The legal-tech space has raised more than $1 billion in funding so far this year.

Samantha Lee/Insider

  • Funding for legal-tech has surprassed $1 billion for 2021 so far. 
  • VC firms, private equity, and even traditional law players are pouring money in. 
  • Check out these 10 pitch decks for examples of how legal-tech startup founders sold their vision. 
  • See more stories on Insider's business page.

As law firms and their clients seek to digitize and streamline work, VCs have been opening their wallets to the growing legal-tech space. The total value of deals in the global legal-tech market through the end of the third quarter of 2021 clocked in at $1.47 billion — far surpassing the $607 million figure from all of 2020, according to data from PitchBook.

PE firms invested upwards of a record-breaking $7 billion in legal tech and outsourced legal services in 2021, according to estimates by JEGI. The figure is likely to be larger, since many PE firms don't disclose their deal numbers.

Here's a look at our legal-tech pitch deck collection.

Lawtrades Raad Ahmed, founder of Lawtrades Raad Ahmed, founder and CEO of Lawtrades.

Leonard Okpor

Lawtrades, an online hiring marketplace for freelance legal work, raked in $6 million for its Series A in December 2021.

In 2016, Raad Ahmed and Ashish Walia, both former lawyers, created an easy, all-in-one app for companies to hire legal talent. 

A growing number of white-collar professionals have been leaving their companies in droves in search of better work-life balance, flexibility, and personal fulfillment. Lawtrades has more than 1,000 freelance lawyers, paralegals, and other legal specialists on its network, Ahmed said.

Companies can use Lawtrades' matchmaking algorithm to find legal talent for specific engagements, and can use built-in calendar, video conference, and time-tracking features to manage the project from start to finish. Hiring lawyers through Lawtrades is also much cheaper than hiring one from a Big Law firm. Lawtrades lawyers cost companies around $150 to $250 an hour, depending on the practice area. 

Here's the futuristic 24-page pitch deck that landed legal freelancing app Lawtrades a $6-million Series A
CourtCorrect Ludwig Bull, CEO and founder of CourtCorrect Ludwig Bull, who founded CourtCorrect in 2019.


CourtCorrect, which helps individuals and businesses submit and manage civil cases, snapped up $2.95 million (£2.2 million) in seed round funding in November 2021.

Founded in 2019 in London, the legal-tech startup brings together claimants, defendants, lawyers, and judges into a single platform, where they can bring cases and reach resolutions without having to go to court.

Investors included RLC Ventures, Ascension Ventures (UK), and The Twenty Minute VC. Visionaries Club and other angel investors also participated in the round.

See the 12-page pitch deck that landed legal-tech startup CourtCorrect nearly $3 million in seed funding
Malbek Hemanth Puttaswamy, CEO and co-founder of Malbek Hemanth Puttaswamy, CEO and co-founder of Malbek.


Malbek, which helps companies' legal, sales, and finance teams manage and analyze their contracts, announced in September 2021 that it raised $15.3 million for its Series A.

Contract lifecycle management, or CLM, has been red-hot in the legal-tech space. Of the $1.4 billion invested in legal-tech during the first half of 2021, almost a quarter was snapped up by six contract companies, including IroncladContractbook, and Icertis. SoftBank recently led the $115 million Series C for ContractPodAi, another CLM company.

Founded in 2017, Malbek helps these departments through the entire contracting process, from drafting contracts with optimal terms through tracking contractual obligations after they're signed.

The Series A was led by Atlanta-based Noro-Moseley Partners, which invests in early-growth tech and healthcare companies. TDF Ventures and Osage Venture Partners also participated in the round.

This 11-page pitch deck scored a contract-management startup $15.3 million for its Series A
ContractPodAi masayoshi son softbank SoftBank founder Masa Son.

Reuters/Issei Kato

A startup looking to streamline how companies handle contracts nabbed an investment from one of the world's most high-profile investors in a nod to the rising interest in legal tech.  

ContractPodAi, which helps in-house legal teams automate and manage their contracts, raised a $115 million Series C in late September 2021 led by SoftBank. The round quintupled ContractPodAi's valuation since its last funding round in 2019, though the company declined to disclose specific valuation numbers.

The investment came from SoftBank's Vision Fund 2. Its predecessor, the original $100 billion megafund Vision Fund, has invested in dozens of household names including WeWork, Uber, and DoorDash. While some of the fund's bets were wildly successful, others fell short of expectations.

ContractPodAi is the first legal-tech investment by either of SoftBank's Vision Funds.

Here's the 7-page pitch deck that legal-tech startup ContractPodAi used to convince SoftBank's Masa Son to lead its $115 million Series C
Jus Mundi Jean-Rémi de Maistre CEO Jus Mundi Jean-Rémi de Maistre, CEO and co-founder of Jus Mundi.

Jus Mundi

Jus Mundi, an AI-powered legal search engine for international law and arbitration, snapped up $10 million for its Series A in September 2021.

In 2019, Jean-Rémi de Maistre, a former lawyer at the International Court of Justice, co-launched the company after realizing how hard it was to conduct research for cross-border legal cases.

Paris-based Jus Mundi raised a €1 million ($1.17 USD) seed round in March 2020, spurring a fivefold growth in annual recurring revenue over the span of 2020, according to the company. Its most recent $10 million Series A was led by C4 Ventures, a European VC firm founded by Pascal Cagni, a former head of Apple Europe. The VC firm has also invested in hot-ticket companies like Foursquare, Nest, and Via.

Here's the 16-page pitch deck that landed legal research company Jus Mundi a $10 million Series A
LawVu LawVu's cofounders, Tim Boyne and Sam Kidd, in front of an artsy wall LawVu co-founders Tim Boyne and Sam Kidd.


LawVu, an end-to-end software platform for in-house legal teams, snapped up a $17 million Series A in August 2021.

Founded in 2015, the New Zealand-based startup enables companies' in-house lawyers to manage contracts, documents, billing, and more on one platform. 

The funding round was led by the private-equity firm Insight Partners, which has invested in other legal-tech companies like DocuSign, Kira Systems, and ContractPodAI, as well as big-ticket businesses like Twitter, Shopify, and Hello Fresh. AirTree Ventures, an Australia-based venture-capital firm, co-led the Series A.

See the 12-page pitch deck that LawVu, a startup that wants to be Salesforce for lawyers, used to nab $17 million from investors like Insight Partners
Athennian Adrian Camara Athennian's CEO and founder, Adrian Camara.


Athennian, which helps law firms and legal departments manage data and workflow around legal entities, raised a $7 million CAD (more than $5.5 million USD) Series A extension in the beginning of March 2021, nearly doubling its initial $8 million Series A round last year.

 Athennian's revenue and headcount more than doubled since the original Series A, according to founder and CEO Adrian Camara. He declined to disclose revenue numbers, but said that the sales and marketing team grew from 35 people in September to around 70 in March.

Launched in 2017, Athennian is used by nearly 200 legal departments and law firms, including Dentons, Fastkind, and Paul Hastings, to automate documents like board minutes, stock certificates, and shareholder consents. 

The Series A extension was led by Arthur Ventures. New investors Touchdown Ventures and Clio's CEO, Jack Newton, also participated in the round, alongside Round13 Capital and other existing investors. To date, Athennian has raised $17 million CAD, or around $14 million USD, in venture capital funding, per Pitchbook.

Here's the small but mighty pitch deck that nearly doubled legal tech Athennian's Series A to $12 million.
Evisort jerry_1.JPG Evisort's CEO and co-founder Jerry Ting.

(Courtesy of Jerry Ting)

Contract tech is the frontrunner in the legal tech space, as companies across industries seek to streamline their contract creation, negotiation, and management processes.

Evisort, a contract lifecycle management (CLM) platform, raised $35 million in its Series B announced late February 2021, bringing total funding to $55.5 million. The private equity firm General Atlantic led its latest funding round, with participation from existing investors Amity Ventures, Microsoft's venture firm M12, and Vertex Ventures.

Founded in 2016, Evisort uses artificial intelligence to help businesses categorize, search, and act on documents.

Its CEO Jerry Ting founded Evisort while he was still attending Harvard Law School. He spent one summer working at Fried Frank, but soon realized that he didn't want to be a lawyer because he didn't want to spend excruciating hours manually reading fifty-page contracts. He did, however, recognize how important they are to corporations, and co-founded Evisort as a tool to locate and track valuable information like a contract's expiration date and obligations like payment dates.

Evisort's CEO walks through the 11-page pitch deck that the contract software startup used to nab $35 million from investors like General Atlantic — and lays out its path to an IPO
Contractbook Contractbook_founders_2 min Niels Brøchner, Jarek Owczarek, and Viktor Heide founded Contractbook to offer a client-centric tool to manage contracts,


Try to imagine the contracts negotiation process, and one might conjure up a scene where a sheaf of papers, tucked discreetly into a manila folder, is shuttled from one law office to the mahogany table of another. With a stroke of a fountain pen, the deal is sealed.

Those old-school methods have long been replaced with the adoption of PDFs, redlined versions of which zip from email inbox to inbox. Now, contracting is undergoing another digital shift that will streamline the process as companies are becoming more comfortable with tech and are seeking greater efficiencies — and investors are taking note.

Contractbook, a Denmark-based contract lifecycle management platform, raised $9.4 million in its Series A investment round late 2020, led by venture capital titan Bessemer Venture Partners. In November 2019, Gradient Ventures, Google's AI-focused venture fund, led Contractbook's $3.9 million seed round.

Founded in Copenhagen in 2017, Contractbook uses data to automate documents, offering an end-to-end contracts platform for small- and medium-sized businesses (SMBs). Niels Brøchner, the company's CEO and co-founder, said that Contractbook was born out of the notion that existing contract solutions failed to use a document's data — from names of parties to the folder the document is stored in — to automate the process and drive workflow.

Here's the 13-page pitch deck that Contractbook, which wants to take on legal tech giants like DocuSign, used to raise $9.4 million from investors like Bessemer Ventures
Disco Kiwi Camara DISCO headshot Kiwi Camara, CEO and cofounder of Disco.


Cloud-based technology is having its moment, especially in the legal industry.

As attorneys have been propelled to work remotely amid the pandemic, data security and streamlined work processes are top-of-mind for law firms, leading them to adopt cloud technology. 

Investors are taking noteDisco, a cloud-based ediscovery platform that uses artificial intelligence to streamline the litigation process, snapped up $60 million in equity financing in October 2020.

Its Series F, led by Georgian Partners and also backed by VC titans like Bessemer Venture Partners and LiveOak Venture Partners, brings total investment to $195 million, valuing the company at $785 million.

Launched in Houston in 2012, Disco offers AI-fueled products geared towards helping lawyers review and analyze vast quantities of documents, allowing them to more efficiently determine which ones are relevant to a case.

The CEO of Disco, a legal tech that sells cloud-based discovery software, walked us through a 20-page pitch deck the startup used to nab $60 million
BlackBoiler Dan Broderick BlackBoiler Dan Broderick, cofounder and CEO of BlackBoiler.


BlackBoiler is an automated contract markup software that's used by Am Law 25 firms and several Fortune 1000 companies.

The software uses machine learning to automate the process of reviewing and revising documents in "track changes." This saves attorneys the time they would typically spend marking up contracts that often use standard boilerplate language.

As a pre-execution software used in the negotiation and markup stage of the contracts process, BlackBoiler has carved out a unique space in the $35 billion contracts industry, said Dan Broderick, a lawyer who co-founded the company in 2015 and is now its CEO. 

Broderick walked Insider through the pitch deck the company used to attract funding from investors, including DocuSign as well as 10 attorneys that run the gamut from Am Law 50 partners to general counsel at large corporations.

Check out the 14-page pitch deck that contract-editing startup BlackBoiler used to nab $3.2 million from investors including DocuSign Read the original article on Business Insider

[Author: [email protected] (Yoonji Han)]

Tags: Google, London, Australia, Softbank, Trends, Atlanta, Atlantic, Paris, New Zealand, International court of justice, Denmark, Houston, Copenhagen, General Atlantic, Clio, Ahmed, Bessemer Venture Partners, Harvard Law School, Broderick, Pascal Cagni, Paul Hastings, LiveOak Venture Partners, Georgian Partners, TDF Ventures, Noro Moseley Partners, Osage Venture Partners, Samantha Lee, Jack Newton, Fried Frank, Vision Fund, AirTree Ventures, Insight Partners, Apple Europe, Evisort, Jerry Ting, Raad Ahmed, Dan Broderick, LawTrades, Amity Ventures Microsoft, Contractbook, Adrian Camara He, Dentons Fastkind, Arthur Ventures New investors Touchdown Ventures, Jerry Ting Courtesy, Vertex Ventures Founded, Niels Brøchner Jarek Owczarek, Viktor Heide, Niels Brøchner, BlackBoiler BlackBoiler BlackBoiler, Tim Boyne, Sam Kidd LawVu LawVu, DocuSign Kira Systems, Twitter Shopify, Jus Mundi Jus Mundi Jus Mundi, Jean Rémi de Maistre, Jus Mundi, Bessemer Ventures Disco Kiwi Camara, Masa Son Reuters Issei Kato, Malbek Malbek Malbek, Ironclad Contractbook, Icertis SoftBank, CourtCorrect Ludwig Bull, CourtCorrect, RLC Ventures Ascension Ventures UK, Twenty Minute VC Visionaries Club, Lawtrades Raad Ahmed, Lawtrades Leonard Okpor Lawtrades, Ashish Walia


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