Legal Marketplace Priori Legal Raises $6.3M Funding Round
The round combines traditional VC with legal industry investors, including a former GC of Alibaba, Orrick's Legal Technology fund, and former legal tech executives.
October 28, 2020 at 10:05 AM
3 minute read
The original version of this story was published on Legal Tech News
Priori Legal is set to begin its next phase of growth. The legal marketplace, which aims to help in-house counsel make data-driven hiring decisions for outside counsel, announced today it has raised $6.3 million in a Series A funding round.
Existing company investors Hearst Corporation, Great Oaks Venture Capital, and Jambhala participated in the round, though for other investors, Priori drew largely from the legal sphere. These investors included Tim Steinert, former general counsel of Alibaba Group; Mindset Ventures and partner Jules Miller, who helped found Evolve Law and Hire an Esquire; Bridge Investments and venture partner Mike Suchsland, former president of Thomson Reuters Legal Business; and Orrick's Legal Technology Fund.
Speaking with Legaltech News this week, Priori co-founder and CEO Basha Rubin said finding a combination of capital and legal technology advisory expertise was paramount when undertaking this funding round. "We couldn't be happier with the group of investors we have, particularly from the perspective of being able to blend real operational expertise as we're scaling the business," she explained.
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