Spotlight on: Rocket Lawyer
Description
Provider of online legal services intended to help users meet the legal needs of their family and business. The company's platform offers free resources, documentation, cost-effective on-call lawyers, e-signatures, and lawyer reviews and helps users to create legal documents and legal forms instantly with safe and secure storage, enabling individuals, families, and business owners to get affordable and accessible legal services
Most Recent Financing Status (as of 04-May-2022)
August Capital sold a stake in the company to an undisclosed buyer in approximately April 2022. Previously, the company raised $223 million of Series E venture funding through the combination of convertible debt and equity in a deal led by Vista Credit Partners on April 21, 2021, putting the company's pre-money valuation at $530 million. Other undisclosed investors also participated in the round. The funds will be used to scale its platform to meet the strong and accelerating demand for its natively digital tools of justice and scale its
cloud-based solutions as the pandemic has fueled demand for its digital offerings.
CEO: Charley Moore
HQ Location: San Francisco, CA
Employees: 400
Total Raised to Date: $326.42M
Post Valuation: $646.35M
Growth Rate: 1.02% Weekly Growth (96th Percentile)
Size Multiple: 515x Median (100th percentile)
Institutional Investors:
- Rainfall
- Vista Credit Partners
- Horizon Technology Finance BDC
- Banneker Partners
- Bulb Capital
To learn more about Rocket Lawyer, visit their website or follow them on LinkedIn or Twitter.
Source: Pitchbook, August 2022
Published August 30, 2022.
