Everlaw Secures $62 Million Series-C Round of Funding
The stakes for uncovering truth and upholding justice have never been higher. Facts are foundational to support the rule of law, yet the legal industry (and the internet itself) is inundated with so much data and noise that it’s increasingly difficult to find the important, relevant information. I started Everlaw nine years ago to bring state of the art technology to lawyers who needed an easier way to comb through the mountains of documents, emails, chat messages and other types of data in search of critical pieces of information. We’re creating the modern digital fabric that underpins the discovery process and offering legal teams new ways to communicate and collaborate.
Others have taken notice. I’m thrilled to announce a $62M series C funding round co-led by CapitalG, Alphabet’s growth equity investment fund, and existing investor Menlo Ventures, as well as participation by existing investors Andreessen Horowitz and K9 Ventures. We also welcome Jesse Wedler, Partner at CapitalG, to our board of directors. This investment brings Everlaw’s total funding to $96 million.
We also are pleased to announce that we have received a FedRAMP Authority to Operate for the U.S. Department of Justice, making us the only cloud-native ediscovery provider to reach that level. This means that the DOJ can now use our ediscovery and collaboration platform, and we’re excited to bring it to them.
The announcements support our vision of bringing the legal world into the digital age. We plan to continue innovating on the product, continue our international expansion, and grow teams across the company. Already, more than 300 law firms and in-house legal teams, as well as all 50 U.S. state Attorneys General, rely on Everlaw for their discovery and litigation research. We’re also helping nonprofits and journalists by offering the product for free via our Everlaw for Good program. We couldn’t be more excited for what the future holds.