Everlaw, a US-based developer of legal data discovery software, completed a $62m series C round yesterday that was co-led by CapitalG, the growth-stage investment arm of internet and technology conglomerate Alphabet.
Venture capital firm Menlo Ventures co-led the round, which also featured VC firm Andreessen Horowitz and VC fund K9 Ventures. The company has now raised $96.6m in funding since being founded in 2010.
Everlaw has built a cloud-based software platform that relies on technologies such as machine learning to help legal firms sort through large troves of documents, facilitating the discovery process and surfacing relevant details.
The product also enables different parties to collaborate on cases across districts and allows teams to build a case and manage the entire litigation process.
The series C round was announced as Everlaw secured FedRamp Moderate Authority to Operate clearance from the US Department of Justice. The certification allows it to handle unclassified legal data with a moderate risk, such as personally identifiable data, at the federal level.
CapitalG partner Jesse Wedler is joining Everlaw’s board of directors in conjunction with the round.
The company was bootstrapped with $1.5m from friends and family of founder AJ Shankar. Andreessen Horowitz led its $8.1m series A round in 2016 before returning for a $25m series B led by Menlo Ventures in June 2018.
