Jim Delkousis, Founder & CEO of Persuit. Outside Counsel Management Platform Persuit Raises $20 Million in Series A Funding
The Australia-based company has courted some of the world's biggest legal departments as clients since it launched in 2016. But it's far from the only startup in the legal spend space that's finding a receptive corporate client base.
October 07, 2021 at 06:01 AM
3 minute read
Today, outside counsel management platform Persuit announced it has raised $20 million in a Series A funding round led by venture capital investor OpenView.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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