Extract from Frank Ready’s article “Why VCs and Private Equity See Increasing Possibilities in Legal Tech”
If you have some spare change laying around, legal tech seems like the place to put it these days. Earlier this month, legal contract AI company LinkSquares raised $4.8 million during its latest round of financing. In February, Amity Ventures and Village Global led a seed funding round that saw Evisort raise $4.5 million. Numerous other businesses have also seen an influx of cash that has led to a host of M&A activity.
So is this just a temporary fad or a trend in the making? The answer might be a little bit of both depending upon how confident investors are that lawyers are improving their traditionally tempestuous relationship with technology.