Logikcull Picks Up $25M Series B Investment
Logikcull's funding may signal a rebounding venture capital investment market for legal technologists.
January 31, 2018 at 11:54 AM
3 minute read
Self-service e-discovery company Logikcull this week announced the closure of a $25 million Series B funding round led by New Enterprise Associates (NEA). OpenView Venture Partners and Storm Ventures, both of whom had previously invested funding to Logikcull, also participated in the funding round.
Logikcull CEO and founder Andy Wilson said the fundraising opportunity was sort of a happy coincidence for the company. While most companies court venture capitalists for investments, Wilson said, “We didn't do any of that. We were heads down building a business, having a good time. We didn't need any money to continue this really fast growth.”
Wilson said that NEA expressed interest in investing in Logikcull, and the company decided to take them up on it. “We can use that money to invest more into the future for our customers,” Wilson said. Seventeen days and $25 million dollars later, the company closed its Series B round.
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