Lexoo, a UK-based legal services technology startup, secured $400,000 in January 2015 from startup catalyst Forward Partners and Jonathan McKay, chairman of JustGiving, a global online social platform for giving. Lexoo opened its doors in July 2014 and has since grown its user base 30 percent on a month-over-month basis.
Daniel van Binsbergen, Lexoo's CEO, described his company's recent growth as "just the tip of the iceberg." Binsbergen also indicated that Lexoo has a headstart on the rapidly growing legal services technology market: "On a global scale, legal startups attracted some $750M in funding over 2013/14 ... the opportunities are everywhere."
6 Lexoo Competitors That Will Drive the Legal Services Technology Market's Growth
At DataFox, we compile and curate watchlists across sectors, regions and popular lists of top companies (e.g., Legal Marketplace). We feature Lexoo and 6 other private companies that could help the legal services technology market grow leaps and bounds over the next few years:
Lexoo is a marketplace that enables startups and small and medium-sized enterprises (SMEs) to compare and hire legal professionals, all of whom are pre-screened and vetted by Lexoo. With Lexoo, users can get multiple quotes from myriad attorneys instantly.
- DataFox Score: 778
- Location: London, England
- Total Funding: $400,000
- Recent Funding: $400,000 in January 2015
- Investors: Forward Partners; JustGiving Chairman Jonathan McKay
Avvo is the largest online legal marketplace connecting consumers and lawyers. In Avvo’s Q&A forum, consumers can get their legal questions answered for free by more than 175,000 participating lawyers or search more than 6 million previously posted questions and lawyer-provided answers.
- DataFox Score: 1056
- Location: Seattle, Washington
- Total Funding: $60.5 million
- Recent Funding: $37.5 million in April 2014
- Investors: Coatue Management; Benchmark; Ignition Partners; DAG Ventures
UpCounsel is the world's largest virtual law firm. With UpCounsel, businesses can access and manage a high-quality and on-demand legal workforce. Today, both big and small businesses use UpCounsel to supplement or replace their traditional service providers.
- DataFox Score: 954
- Location: San Francisco, California
- Total Funding: $4 million
- Recent Funding: $2.4 million in seed funding in December 2014
- Investors: Crosslink Capital; Metamorphic Ventures; Homebrew; SV Angel; Collaborative Fund; Signatures Capital LLC; AngelPad
Agile Law provides cloud-based mobile solutions for attorneys. Its flagship product enables attorneys to manage the entire deposition process by replacing stacks of printed-document exhibits with documents that are readily available on a mobile device.
- DataFox Score: 855
- Location: Austin, Texas
- Total Funding: N/A
- Recent Funding: Undisclosed amount in 2012
- Investors: Texas Venture Labs
Ravel Law provides legal professionals with a search, analytics and visualization platform. Ravel enables lawyers to find, contextualize and interpret information to transform legal data into legal insights.
- DataFox Score: 996
- Location: San Francisco, California
- Total Funding: $9.2 million
- Recent Funding: $8.1 million in Series A funding in February 2014
- Investors: Work-Bench; Experiment Fund; North Bridge Venture Partners; New Enterprise Associates; Xfund; Ulu Ventures
Lawdingo connects people with attorneys for legal consultations over the Internet. Lawdingo provides lawyers with access to a much larger legal market than their local community and enables them to make appointments on their own schedules.
- DataFox Score: 948
- Location: New York, New York
- Total Funding: $790,000
- Recent Funding: $690,000 in angel funding in October 2013
- Investors: Altair Capital; Atsany Capital; Y Combinator
Rocket Lawyer was created to simplify legal services. Rocket Lawyer offers everything from free legal documents and business incorporation to discounted attorney rates.