Laurel
Latest round
- Series C
Last raised
- Aug 2025
Total raised
- $149M
Investors
- 16
About Laurel
Laurel is a US-based company that specializes in AI-driven timekeeping solutions, enhancing operational efficiency for professional service firms, particularly in the legal and accounting sectors. Laurel was founded in 2016 in San Francisco, US. The company provides AI-powered timekeeping solutions that automate timesheet entries to optimize time tracking and billing for professional service firms. The founders include Kourosh Zamani and Kylee Vick, with Derek Quaicoe and Ryan Alshak currently serving as the CEO and other leadership roles. Laurel specializes in AI-powered timekeeping solutions designed to optimize the operational efficiency of professional service firms, particularly in the legal and accounting sectors. Their core product automates timesheet entries by utilizing artificial intelligence to analyze user behavior, thereby reducing the time spent on manual time tracking. This service addresses the common challenges faced by timekeepers, such as inaccurate time logging and inefficient billing processes, ultimately allowing professionals to reclaim valuable hours for high-leverage work, leisure, or family time. Laurel's clients primarily include law firms and accounting firms located in the United States, Canada, and Europe, providing tailored solutions that maximize utilization and enhance operational insights through comprehensive data analysis. The company's offerings are SOC II Type II certified and HIPAA compliant, ensuring high standards of security and privacy for client data. Laurel generates revenue through a subscription-based model, where clients pay for access to its AI-driven timesheet automation services. This transactional structure typically involves monthly or annual fees, which may vary based on the number of users or features selected. Clients engage with the platform on a firm-by-firm basis, allowing for customization of AI models that are trained exclusively on the firm's data. By leveraging these advanced AI capabilities, firms can achieve significant increases in billable hours, as evidenced by testimonials highlighting revenue boosts per timekeeper and improved timesheet granularity. The company’s solutions are marketed directly to law firm leaders, accounting firm leaders, and timekeepers, establishing a strong B2B relationship focused on maximizing efficiency and profitability in professional services. Laurel is also looking to expand its market reach into new regions, targeting further penetration in Europe and Canada, aiming for rollout by the end of 2025.
Who invested in Laurel
16 investors across 6 rounds
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Questions about Laurel
Who invested in Laurel?
Laurel has 16 investors on record across 6 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Laurel raised?
Laurel has raised 6 venture rounds. Sign up free to see how much each round raised and the total.
When did Laurel last raise money?
Laurel's most recent round on record is a Series C, in Aug 2025.
What does Laurel do?
Laurel is a US-based company that specializes in AI-driven timekeeping solutions, enhancing operational efficiency for professional service firms, particularly in the legal and accounting sectors.
Where is Laurel headquartered?
Laurel is headquartered in San Francisco, US.
Which VCs invest in companies like Laurel?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Laurel's stage. Their profiles are linked below.
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