Online legal services company Rocket Lawyer secured $10.8m in funding on Wednesday, bringing its series D round to a total of $29.3m, according to a Securities and Exchange Commission filing. The new financing was provided by investment firm Industry Ventures, according to venture capital news source VentureBeat
The latest funding takes Rocket Lawyer’s overall funding to $38.4m since December 2008, with investment from corporate backers including Google Ventures, Investor Growth Capital, which acts as the corporate venturing division of investment firm Investor AB, and Lexis Nexis, the legal database owned by publisher Reed-Elsevier.
Rocket Lawyer’s online service enables users to create customised legal documents which can then by downloaded and shared. Users can request a legal review of their documents from any lawyer signed up to the site, or alternately matched with local attorneys who can provide services in person.
Rocket Lawyer estimates its services are used to create more than 20,000 last wills and 40,000 business contracts each month, with its growth rate reaching a 100% year on year increase in visitors during 2011.