Legal Complex's Spark Max. Courtesy of Legalcomplex Don't Call It a Rebound: Funding Is Trickling Back to Legal Tech, but Strategically
While investors aren't flocking back to legal tech in hoards just yet, the size of the average funding and financing round in Q2 grew exponentially.
June 23, 2023 at 05:44 PM
4 minute read
Months of layoffs and post-pandemic economic plateaus may have depressed legal tech funding, but judging by investors' behavior in the space over the second quarter of the 2023 fiscal year—funding, and financing, may be coming back up, albeit gradually.
Raymond Blyd, the founder and author of Legalcomplex, collected and parsed through the data from April, May and June 2023. For Legaltech News, he excluded tax tech companies, but included debt financing rounds. The list includes 10 providers who raised the most funding in Q2. The numbers, however, only represent data up until June 23.
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