Law Big Data startup Lex Machina raises $4.8M
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Lex Machina, the Big Data startup that hatched out of a Stanford Law project, said on Wednesday it raised $4.8 million in a Series A funding round.
The funding round led by Boston-based Cue Ball Capital, included existing investors XSeed Capital, Costanoa Venture Capital and Yahoo Inc. co-founder Jerry Yang.
Roy Martin, a former senior executive at Thomson’s legal group, also participated in the round and joined Lex Machina’s board.
Sales and marketing chief Owen Byrd told me that the funding brings the total raised in equity investments to $7.5 million. The company also got about $3 million in donations when it was a public interest project started in 2006 by Stanford Law Professor Mark Lemley, along with co-founders Joshua Walker and George Gregory.
Its CEO today is Josh Becker, who welcomed Cue Ball’s investment in a prepared statement, “Their deep domain expertise will provide us with significant value as we continue to transform legal decision-making with actionable intelligence and insights gleaned from legal data.”
Read original articleTags: Costanoa Venture Capital, Cue Ball Capital, Lex Machina, Stanford Law
