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The Raise

We are raising at a $80M post-money valuation from:

• Our customers — In-house legal teams at hyper-growth tech co's
• Our talent network of independent legal professionals
• Strategic operator investors

Though COVID-19 contributed to our extraordinary growth rate in 2020, we were growing our growth rate without it too. With the recent pivot into enterprise, we believe there is a possibility of a high triple-digit percentage growth rate for the next several years.

Valuation math

Lawtrades annualized revenue was >$9M in August. We grew 2x last year, and growing 3-4x this year.

Comps

Gameplan

• Grow team from 10 to 25
• Ship:
  • Legal operations software to compete with SimpleLegal, they're at $50M ARR
  • Full-time engagements to compete with Axiom, they're at $500M+ in ARR
  • Expand to CFO / financial services—$1B ARR opp