“What I’ve observed over the last 12-18 months is the amount of inbound interest from the investor side in legal tech has increased by an order of magnitude, and I think alongside other spaces like fintech before it, legal tech is now truly coming into its own and really starting to gain the interest of truly world-class investors,” Newton said.
This latest funding round was led by funds and accounts advised by T. Rowe Price Associates, Inc. and also included OMERS Growth Equity. Both firms have long histories of partnering with leading technology companies to grow them into billion-dollar, IPO-scale companies.
