25 Best Legal Startups Revolutionizing the Industry [2023]
Have you ever wondered who is on the list of Legal Companies with the highest growth rates?
You’re not alone.
There are hundreds of Legal Companies found there, and keeping track of the hottest new startups can be challenging.
But don’t worry, we’ve got you covered. Here are the top 25 fast-growing Legal Startups that have top-tier venture capital funding.
Table of Contents
What are Legal Startups?
Legal startups are businesses that use technology to provide legal services and advice to individuals and businesses.
These startups may offer services such as automated document preparation, online legal advice, and access to legal databases. Some legal startups have even developed technology-based solutions to assist with more complex legal matters.
Top 25 Fastest-Growing Startups In Legal
1) LegalZoom
LegalZoom is a technological platform that allows anyone to get professional legal assistance and protect what matters most to them.
Details of the startup:
- Country: United States
- City: Glendale
- Started in: 1999
- Founders: Brian Lee, Eddie Hartman
- Number of employees: 1001-5000
- Funding amount: $811,000,000
- Number of funding rounds: 5
- Number of investors: 11
You can find their website here.
2) Ironclad
Ironclad is a leading provider of contract management software in the United States.
Details of the startup:
- Country: United States
- City: San Francisco
- Started in: 2014
- Founders: Cai GoGwilt, Jason Boehmig
- Number of employees: 101-250
- Funding amount: $184,000,000
- Number of funding rounds: 8
- Number of investors: 25
You can find their website here.
3) Checkr
Checkr aims to make professional background checks more automated.
Details of the startup:
- Country: United States
- City: San Francisco
- Started in: 2014
- Founders: Daniel Yanisse, Jonathan Perichon
- Number of employees: 251-500
- Funding amount: $309,000,000
- Number of funding rounds: 6
- Number of investors: 26
You can find their website here.
4) Notarize
Notarize is a remote electronic notary service that allows anyone to notarize a document lawfully online.
Details of the startup:
- Country: United States
- City: Boston
- Started in: 2015
- Founders: Adam Pase, Pat Kinsel
- Number of employees: 101-250
- Funding amount: $213,337,968
- Number of funding rounds: 8
- Number of investors: 17
You can find their website here.
5) Litify
Litify is a technology company that provides legal firms with a reliable, intelligent platform for practice management.
Details of the startup:
- Country: United States
- City: Brooklyn
- Started in: 2016
- Founders: Reuven Moskowitz
- Number of employees: 101-250
- Funding amount: $58,719,960
- Number of funding rounds: 3
- Number of investors: 2
You can find their website here.
6) Relativity
During litigation, investigations, and compliance, Relativity’s e-discovery software manages massive volumes of data and detects critical concerns.
Details of the startup:
- Country: United States
- City: Chicago
- Started in: 2001
- Founders: Andrew Sieja
- Number of employees: 501-1000
- Funding amount: $125,000,000
- Number of funding rounds: 2
- Number of investors: 2
You can find their website here.
7) MAXEX
MAXEX is the first digital mortgage market with a single clearinghouse for buying and selling residential loans.
Details of the startup:
- Country: United States
- City: Atlanta
- Started in: 2012
- Founders: Craig Hess, Daniel Baldwin, Stephen C. Wilhoit, Thomas D. Casey, Thomas Pearce, William Decker
- Number of employees: 101-250
- Funding amount: $80,400,000
- Number of funding rounds: 6
- Number of investors: 7
You can find their website here.
8) Red Points
Red Points is a technology firm that focuses on safeguarding digital assets and brands that are sold online.
Details of the startup:
- Country: Spain
- City: Barcelona
- Started in: 2011
- Founders: David Casellas, Josep Coll
- Number of employees: 101-250
- Funding amount: $85,988,342
- Number of funding rounds: 8
- Number of investors: 10
You can find their website here.
9) DISCO
DISCO is a legaltech firm that uses artificial intelligence (AI) and cloud computing to help lawyers and legal teams better their legal outcomes.
Details of the startup:
- Country: United States
- City: Austin
- Started in: 2012
- Founders: Gabe Krambs, Kent Radford, Kiwi Camara
- Number of employees: 251-500
- Funding amount: $233,575,000
- Number of funding rounds: 7
- Number of investors: 6
You can find their website here.
10) IDnow
IDnow is a startup that offers superior machine-learning technologies as part of its Identity Verification-as-a-Service platform.
Details of the startup:
- Country: Germany
- City: Munich
- Started in: 2014
- Founders: Armin Bauer, Dennis von Ferenczy, Felix Haas, Sebastian Baerhold
- Number of employees: 101-250
- Funding amount: $58,163,544
- Number of funding rounds: 7
- Number of investors: 9
You can find their website here.
11) Trust & Will
With an easy, fast, and safe approach to set up your estate plan online, Trust & Will is reinventing the trust and estate planning business.
Details of the startup:
- Country: United States
- City: San Diego
- Started in: 2017
- Founders: Brian Lamb, Cody Barbo, Daniel Goldstein
- Number of employees: 11-50
- Funding amount: $23,030,000
- Number of funding rounds: 5
- Number of investors: 23
You can find their website here.
12) Exterro
Exterro is a software startup that specializes in work flow management.
Details of the startup:
- Country: United States
- City: Portland
- Started in: 2004
- Founders: Bobby Balachandran
- Number of employees: 101-250
- Funding amount: $100,000,000
- Number of funding rounds: 1
- Number of investors: 1
You can find their website here.
13) Kira Systems
Kira Systems’ machine learning software recognizes, extracts, and analyzes text in contracts and other documents.
Details of the startup:
- Country: Canada
- City: Toronto
- Started in: 2011
- Founders: Alexander Hudek, Noah Waisberg
- Number of employees: 101-250
- Funding amount: CA$65,000,000
- Number of funding rounds: 1
- Number of investors: 1
You can find their website here.
14) LawVu
LawVu is a legal operations platform that integrates matter management, contract management, and vendor management into a single platform.
Details of the startup:
- Country: New Zealand
- City: Tauranga
- Started in: 2015
- Founders: Sam Kidd, Tim Boyne
- Number of employees: 51-100
- Funding amount: $6,596,180
- Number of funding rounds: 5
- Number of investors: 3
You can find their website here.
15) Brightflag
Brightflag is a legal cost management and matter management software for corporate legal departments that uses artificial intelligence.
Details of the startup:
- Country: Ireland
- City: Dublin
- Started in: 2014
- Founders: Alex Kelly, Ian Nolan
- Number of employees: 51-100
- Funding amount: $39,109,196
- Number of funding rounds: 7
- Number of investors: 8
You can find their website here.
16) Usercentrics
Usercentrics is a legal technology SaaS provider situated in Munich, Germany, that is changing the method to safeguard compliant data through consent management.
Details of the startup:
- Country: Germany
- City: Munich
- Started in: 2018
- Founders: Jürgen Weichert, Lisa Gradow, Mischa Rurup, Vinzent Ellissen
- Number of employees: 101-250
- Funding amount: € 21,000,000
- Number of funding rounds: 3
- Number of investors: 7
You can find their website here.
17) Sleek
Entrepreneurs and investors benefit from Sleek because it makes their life easier.
Details of the startup:
- Country: Singapore
- City: Singapore
- Started in: 2017
- Founders: Adrien Barthel, Julien Labruyere
- Number of employees: 51-100
- Funding amount: $9,000,000
- Number of funding rounds: 2
- Number of investors: 5
You can find their website here.
18) Jusbrasil
Through legal knowledge, Jusbrasil connects customers and attorneys.
Details of the startup:
- Country: Brazil
- City: Salvador
- Started in: 2008
- Founders: Daniel Murta, Rafael Costa, Rodrigo Barreto
- Number of employees: 11-50
- Funding amount: $41,948,579
- Number of funding rounds: 4
- Number of investors: 3
You can find their website here.
19) Ageras
Ageras is a marketplace for accounting, bookkeeping, and tax preparation services that is available online.
Details of the startup:
- Country: Denmark
- City: Copenhagen
- Started in: 2012
- Founders: Martin Hegelund, Martin Thorborg, Rico Andersen
- Number of employees: 101-250
- Funding amount: DKK450,000,000
- Number of funding rounds: 3
- Number of investors: 3
You can find their website here.
20) DataGuard
DataGuard is a Privacy-as-a-Service provider that helps businesses become and stay compliant with current privacy regulations.
Details of the startup:
- Country: Germany
- City: Munich
- Started in: 2017
- Founders: Kıvanc Semen, Markus Fisseler, Thomas Regier
- Number of employees: 101-250
- Funding amount: $20,000,000
- Number of funding rounds: 1
- Number of investors: 1
You can find their website here.
21) Privacy Tools
Privacy compliance technology built on AI/Blockchain that assists worldwide businesses in remaining compliant with data protection regulations.
Details of the startup:
- Country: Brazil
- City: Porto Alegre
- Started in: 2019
- Founders: Aline Deparis, Marison Souza
- Number of employees: 11-50
- Funding amount: $230,000
- Number of funding rounds: 3
- Number of investors: 1
You can find their website here.
22) Blue J Legal
Blue J is giving complete legal certainty to everyone, everywhere, and at any time.
Details of the startup:
- Country: Canada
- City: Toronto
- Started in: 2015
- Founders: Albert Yoon, Anthony Niblett, Benjamin Alarie, Brett Janssen
- Number of employees: 51-100
- Funding amount: $9,005,401
- Number of funding rounds: 5
- Number of investors: 9
You can find their website here.
23) Doctrine
Doctrine is a company that creates legal research and analytics software for lawyers.
Details of the startup:
- Country: France
- City: Paris
- Started in: 2016
- Founders: Antoine Dusséaux, Nicolas Bustamante, Raphael Champeimont
- Number of employees: 51-100
- Funding amount: € 12,000,000
- Number of funding rounds: 2
- Number of investors: 8
You can find their website here.
24) LegitQuest
LegitQuest is a legal-tech firm that provides access to Indian case law through a legal research portal.
Details of the startup:
- Country: India
- City: New Delhi
- Started in: 2017
- Founders: Himanshu Puri, Karan Kalia, Rohit Shukla
- Number of employees: 11-50
- Funding amount: ₹80,000,000
- Number of funding rounds: 2
- Number of investors: 2
You can find their website here.
25) Smart Protection
Intellectual and industrial property rights are kept and protected online with Smart Protection.
Details of the startup:
- Country: Spain
- City: Madrid
- Started in: 2015
- Founders: Javier Capilla, Javier Perea, Manuel Moregal
- Number of employees: 101-250
- Funding amount: € 16,890,000
- Number of funding rounds: 6
- Number of investors: 9
You can find their website here.
FAQs
Is Legal Business Profitable?
The profitability of a legal business depends on a variety of factors, such as the type of legal services provided, the size of the firm, and the market conditions.
Generally speaking, legal businesses can be highly profitable, especially for large and established law firms. However, many smaller firms may struggle to make a profit due to higher overhead costs and fewer clients.
What Is The Average Investment In Legal?
The average investment in a legal business can vary greatly depending on the type of business you are starting, the size and scope of your operations, and the amount of capital you have available.
Generally, the cost to start a legal business can range from a few thousand dollars for a small sole proprietorship to hundreds of thousands of dollars to establish a larger corporate or partnership structure.
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