Where Is Investment Climate Heading for Legal Tech Sector?
The current climate looks to be 'sporadic,' as angel investors, more than venture capitalists, appear interested in legal tech companies.
January 15, 2016 at 05:21 AM
5 minute read
Legal tech companies do a pretty good job of getting angel funding, but sometimes it is harder for them to get interest from venture capitalists. Even so, the more important task for most in the sector is “access” to the market, based on interviews with several of those familiar with the current environment.
When asked about the investment climate, Roland Vogl, executive director of the Stanford Program in Law, Science and Technology, said the best way to describe the current climate for legal technology companies is “sporadic.”
“There is no trend towards investment in legal tech,” he told Legaltech News. “It has always been a somewhat exotic category from a VC [venture capital] perspective, and it continues to stay that way. However, angel investors with a deep understanding of the legal space are investing in legal tech, and can get really good returns.”
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