Private equity funding continues to spread into legal tech: Litera Corp. announced Friday it secured an additional investment to accelerate hiring, product development and acquisitions.
Like many e-discovery software companies and other legal tech vendors, Litera didn’t disclose financial details of its investment. However, Litera did note in its press release that previous investor Hg led this latest investment. Back in May 2019, Hg purchased Litera from investment firm K1 Investment Management. Hg also announced its HgCapital Trust would invest roughly 32.1 million pounds ($39 million) in Litera, alongside other institutional clients, through the Hg Genesis 8 Fund, according to a press release at the time.
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