With the recent acquisitions like Consilio of Huron Legal and major D.C. investing firms of LDiscovery, the race to grab a larger piece of the e-discovery market share has begun. The next company to join the ranks is legal tech company Everlaw, which announced on Jan. 14 the closing of an $8.1 million series A funding round.
Leading the funding was Andreessen Horowitz, a venture capital firm with a record of investing in tech giants, among which are Twitter, Facebook, Slack, Airbnb, Optimizely and Zenefits. A statement announcing the financial injection said that the funds will allow Everlaw to “accelerate its mission to bring cutting-edge computer science and modern design principles to the legal field.”
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