Today, legal operations technology startup Ruli announced that it closed on a $2.2 million pre-seed funding round led by venture capital firm SignalFire, with participation from a number of additional investors, including Bruce Gibney. The startup says it plans to use the new investment to expand its headcount and offerings.
Article by Rhys Dipshan for Legaltech News | Law.comhttps://lnkd.in/eE6wPxGH
Startup Advisor & Project Manager | I help startups improve their productivity by building high-performing teams, optimizing operations, developing businesses, managing risks, and raising capital.
⚖️ #AI-driven legal tech #startups are gaining significant traction with venture capitalists, attracting substantial investments due to their potential to revolutionize the legal industry. These startups offer innovative solutions that streamline legal processes, enhance efficiency, and reduce costs. With increasing #VC interest, the legal tech sector is poised for rapid growth and transformation, paving the way for a more technologically advanced legal landscape. #LegalTech#VentureCapital#legalIndustry#Investment#ArtificialIntelligence
This Thursday, I'll have the exciting opportunity to speak at my alma mater, University of Pennsylvania Carey Law School, at a conference called "The Law and Finance of Private Equity and Venture Capital." The conference is an annual collaboration between Penn, University of Oxford, The London School of Economics and Political Science (LSE), and Goethe University Frankfurt, which brings together academics and practitioners from around the world do discuss current issues and research papers in the fields of #PE and #VC.
Specifically, I'll be joining Professors Elizabeth Pollman and Christopher Yoo on commenting on a working paper by Professors Mark Lemley and Matthew Wansley called "Coopting Disruption."
The authors argue that tech giants (e.g., Alphabet Inc., Amazon, Apple, Meta, and Microsoft) have learned how to coopt disruption by "identify[ing] potentially disruptive technologies, us[ing] their money to influence the startups developing them, strategically dol[ing] out access to the resources the startups need to grow, and seek[ing] regulation that makes it harder for the startups to compete."
Getting to work with disruptive #startups, means I've gotten to witness the ever-evolving dynamic between those startups and tech giants. Can't wait to discuss further!
Lowenstein Sandler LLP
If someone files a lawsuit against a startup or it's founder,
does it affect it's future valuation ?
Litigation can significantly impact the valuation of a startup.
When a startup faces legal issues, investors often perceive it as risky, leading to a decrease in its market value.
The costs associated with legal battles, such as lawyer fees and potential settlements, can drain the company's resources.
Additionally, litigation can distract the management from focusing on growth and innovation.
#startups#technology#ycombinator
Harvey, a startup building what it describes as an AI-powered “copilot” for lawyers, has raised $100 million in a Series C round led by GV (Google Ventures), Google’s corporate venture arm.
The tranche, which also had participation from heavy-hitting angels and VCs OpenAI, Kleiner Perkins, Sequoia Capital, Elad Gil and SV Angel, brings Harvey’s total raised to $206 million and values the firm at $1.5 billion.
“This investment will enable Harvey to continue scaling and improving our AI-powered technology across business functions and geographies,” co-founders Winston Weinberg and Gabe Pereyra said. “We will use this new capital to invest in the engineering, data and domain expertise that are fundamental to building AI-native systems that facilitate the most complex knowledge work. We will also deepen our partnerships with both cloud and model providers to integrate additional models into Harvey and broaden our training collaborations to continue improving model efficacy.”
https://lnkd.in/exE2sfN7#Legal#Law#LegalTech#LegalTechTalk#Funding
Founders/investors, how much legal due diligence do you think is appropriate for an early-stage startup investment?
After speaking to a lot of fellow founders and investors, I realized that there is virtually no legal due diligence happening at pre-seed, seed, and sometimes even Series A stages. Why is that?
I've heard so many horror stories where founders were slapped with massive tax bills or the company didn't own the IP of some early employee, because of some minor legal mistakes that happened early on. Wouldn't fixing these mistakes from the start eliminate a lot of risks? Curious to hear everyone's thoughts!
P.S. Thanks Ivan Reidel for sending me this video :)
#duediligence#vc#startups#legaltech
It’s been a big week for Canadian tech! LegalTech startup Clio - Cloud-Based Legal Technology raised US$900 million to give it a US$3 billion valuation — making it the largest growth capital financing by a Canadian tech company, ever.
Last season on #RBCdisruptors, I sat down with their CEO Jack Newton to discuss the AI landscape and plans for the future. Listen below:
➡️ Overruled: The New LegalTech Precedent with Jack Newton: https://lnkd.in/gAMXF3BD
It’s clear there’s a seat at the table for Canadian innovation — this announcement is a testament to that — but the nation will need to invest.
https://lnkd.in/gjJ76x7U
Check out our latest edition of the upRound! This edition focuses on IP and also discusses other legal and market developments relevant to venture investors and emerging companies.
In this issue of Blakes upRound, we discuss how emerging companies can leverage their intellectual property and protect the value of their innovations. Also covered: regulatory updates targeting online content, fintech and payments; bright spots in 2023 deal data; and reasons to hope for a turn in the markets later this year. Get up to speed on these and other need-to-know topics: https://bit.ly/43fG9SB#BlakesupRound#Startups#VentureCapital
Helping businesses to create sustainable wealth through Intellectual Property | #Topvoice | IP Attorney who knows law and invention | Startup Mentor helping Startups to grow | Entrepreneur by mindset | Cycling
