Rocket Lawyer, a US-based digital legal services provider backed by corporates Alphabet, Relx and Editions Lefebvre Sarrut, has received $223m in financing.
The round was led by Vista Credit Partners, a subsidiary of investment firm Vista Equity Partners, but it has not revealed the identity of the other participants.
Rocket Lawyer’s software platform enables businesses and consumers to create virtual legal documents with digital signatures, and it also provides company incorporation and attorney advice services. It plans to work with Vista to build out the Rocket Legal Cloud platform.
The company’s last funding came in 2016 when legal publisher Editions Lefebvre Sarrut invested an undisclosed amount as part of a joint venture to launch a Rocket Lawyer Europe entity. It had received $15m from an undisclosed strategic investor in 2013, following $10.8m from Industry Ventures the year before.
August Capital led an $18.5m funding round for Rocket Lawyer in 2011 that was backed by Alphabet corporate venturing subsidiary GV (then known as Google Ventures) and Investor Growth Capital (IGC), a subsidiary of investment firm Investor AB later spun off as an independent firm.
Rocket Lawyer had previously raised $7m in an IGC-led series C round in 2010 after Lexis Nexis, a legal and business data subsidiary of Relx, participated in a $2.1m series B round in 2008. Its existing backers also include Bulb Capital and investment banking firm Morgan Stanley’s Expansion Capital unit.