# Gadfly Legal Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gadfly-legal-technologies

- Industry: Software
- Headquarters: Boston, US
- Website: www.leasepilot.co
- Total disclosed funding: $1.5M
- Latest round: Seed (Mar 29, 2017)
- Investors on record: 1

## About

Gadfly Legal Technologies, Inc. develops innovative cloud-based software that streamlines commercial lease drafting and negotiation processes, providing robust tools for landlords and real estate professionals.Gadfly Legal Technologies, Inc. was founded in 2015 and is headquartered in Boston, US. The company specializes in providing software solutions for the commercial lease drafting process. The founders, Gabriel Safar and Itzik Spitzen, have a background in legal technology. In March 2017, the company raised USD 1.5 mn in Seed funding from Rose Park Advisors, marking its first investment round with a total amount raised equal to USD 1.5 mn.LeasePilot specializes in cloud-based software designed to streamline and enhance the commercial lease drafting process. Its primary offerings include a context-aware automation tool that utilizes a comprehensive library of lease forms and language, enabling landlords and real estate professionals to draft and negotiate leases efficiently. The software is particularly beneficial for managing redlines and multiple drafts through its Version Control feature, allowing users to handle revisions with ease. LeasePilot also tracks over 1,200 data points across individual leases in real time, providing valuable insights and instant lease abstracts. The platform serves a diverse client base, including landlords and real estate companies across North America, leveraging its API to integrate seamlessly with various CRM systems like VTS and Salesforce, as well as accounting software like MRI and Microsoft Dynamics.LeasePilot generates revenue through a subscription-based model, catering primarily to commercial real estate firms and leasing departments. Clients typically subscribe to the software to gain access to its suite of drafting tools and automation features. Transactions generally involve annual or monthly subscriptions, which provide users with continuous access to the platform, along with updates and support. The company's flagship product focuses on lease drafting automation, which is central to its value proposition. While specific pricing plans and revenue figures are not disclosed, the structure emphasizes B2B transactions, positioning LeasePilot as a critical partner for organizations looking to optimize their leasing workflows.As of March 2017, Gadfly Legal Technologies, Inc. plans to utilize the USD 1.5 mn raised in Seed funding to enhance its product offerings and expand its market reach. The company is currently developing new features aimed at improving user experience and efficiency in lease drafting. Future growth strategies include targeting expansion into additional North American markets, aiming for broader adoption among commercial real estate firms within the next few years.

## Funding rounds

- Seed, Mar 29, 2017, $1.5M — Rose Park Advisors

## Investors

- Rose Park Advisors (https://capitalatlas.ai/funds/rose-park-advisors) — Seed