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Money for Legal Tech: Two Big Financings this Week (and One Little One)

LawSites

This week brought notable funding rounds for two legal technology companies, Proof and Spellbook, and a much-smaller seed round for a newer legal tech startup. The round was led by Long Ridge Equity Partners with participation from existing investors including Blue Heron Capital and The LegalTech Fund. million Series B funding round.

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SPAC Sues After Sparks Energy Backs Out Of $475M Merger

Law 360

Cayman Islands-based blank-check company 10X Capital Venture Acquisition Corp. after the restoration company backed out of a merger agreement it claims did not constitute a binding contract. III isn't taking no for an answer and has filed suit in Delaware Chancery Court against Sparks Energy Inc.

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Major E-Discovery News, As Exterro, Eyeing IPO, Acquires Zapproved for Undisclosed Amount

LawSites

Among the things the two e-discovery companies Exterro and Zapproved have in common is that they were both founded in the same year, 2008, and in the same city, Portland, Ore. “K1 supported both our 10x growth, and our focus of building a culture of belonging and inclusion, with an employee base that reflects its community.”

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Time to Vote! Pick the 15 Finalists to Compete At Startup Alley at ABA TECHSHOW 2023

LawSites

Your votes determine the 15 companies selected to face off in a live pitch competition that will be the opening-night event of this year’s TECHSHOW, which is March 1-4 in Chicago. We have listed 40 companies on the ballot as semifinalists. Learn more about this company at the LawNext Legal Tech Directory.