The legal-tech space raised more than $1 billion in 2021.

Funding for legal tech surpassed $1 billion in 2021. 
VC firms, private equity, and even traditional law players are pouring money in. 
Check out these 18 pitch decks for examples of how legal-tech startup founders sold their vision. 

See more stories on Insider’s business page.

As law firms and their clients seek to digitize and streamline work, VCs have been opening their wallets to the growing legal-tech space. The total value of deals in the global legal-tech market through the end of the third quarter of 2021 clocked in at $1.47 billion — far surpassing the $607 million figure from all of 2020, according to data from PitchBook.

PE firms invested upwards of a record-breaking $7 billion in legal tech and outsourced legal services in 2021, according to estimates by JEGI. The figure is likely to be larger, since many PE firms don’t disclose their deal numbers.

Here’s a look at our legal-tech pitch deck collection.

Paladin
Kristen Sonday, Paladin’s co-founder and chief executive officer.

Paladin, which pitches itself as an innovator in the emerging field of “justice tech,” has a pro bono management platform that it hopes will revolutionize how law firms and corporate legal departments engage with legal-services groups.

The company offers free versions of its tools to legal-services companies. The platform is meant to streamline communications between the pro bono departments of law firms or corporate legal departments and the outside groups looking for those services, according to co-founder Kristen Sonday.

Its Series A round was led by World Within, an impact fund based in Atlanta, with other investors including Mark Cuban and Hyde Park Ventures. Investors also include Vamos Ventures, C2 Ventures, and Sorenson Institute.

See the 14-slide pitch deck that helped the pro bono tech startup Paladin score an $8 million Series A

 
Della
Christopher Frerebeau, founder and CEO of Della

Contract review startup Della announced in March that it raised a $2.5 million seed round, led by Pragmatech Ventures.

Founded in 2018, the London-based startup uses artificial intelligence to help lawyers review contracts faster. The startup wants to enable businesses to become less reliant on law firms for low-value tasks, and founder Christopher Frerebeau sees a large demand for those services.

Legal-tech startup Della used this 14-page pitch deck to raise $2.5 million in seed funding

Proof Technology 
Eric Voogt, a longtime trial lawyer, founded Proof Technology.

Proof Technology, a service of process …read more

Source:: Business Insider

      

Check out 18 pitch decks that legal-tech startups used to raise millions

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