We just raised a $7 Million Series A Round led by Union Square Ventures!
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Casetext, a Y Combinator-backed legal tech startup that is both a community site for attorneys to share knowledge and a service that gives users free access to legal texts annotated by attorneys, today announced that it has raised a $7 million Series A round led by Union Square Ventures. Other participants in this round include Formation 8 and former Thomson Reuters CEO Tom Glocer, as well as existing investors. This round brings Casetext’s total funding to $8.8 million.
As Casetext CEO Jake Heller told me, the company was able to grow quickly on the back of its seed funding, and the site now has over 250,000 visitors every month. The site currently features over 100,000 posts from about 35,000 users. “We decided to raise now to build on our initial successes,” he told me. “We need to expand our team to tackle some of our most ambitious technological goals, and we’ll increase the coverage of our legal library so that more attorneys can rely on Casetext as their primary source of legal information.”
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