Litify
Latest round
- Series A
Last raised
- May 2019
Total raised
- $40M
Investors
- 1
About Litify
Litify, Inc. specializes in legal management solutions. Founded in 2016 and headquartered in Brooklyn, US, the company was co-founded by Reuven Moskowitz and Steven Mandel.056 mn.Litify offers a comprehensive legal management platform designed to empower law firms and corporate legal departments by enhancing operational efficiency and effectiveness. The core product includes features for budget tracking down to specific matters, vendors, or UTBMS codes, alongside customizable approval processes for internal staff and outside counsel. Additionally, the platform incorporates dynamic invoice discounting to incentivize timely payments and streamline financial management. Litify is utilized across various legal practice areas, including personal injury, insurance defense, immigration, and corporate legal functions, serving both high-volume individual clients and enterprise-level legal departments.Litify generates revenue primarily through subscription-based pricing for its legal management platform, targeting law firms and corporate legal departments. Clients subscribe to the platform for comprehensive access to its features, which include workflows, automation, and real-time reporting capabilities designed to drive business improvements. Clients can engage in annual or multi-year contracts based on their specific needs and scale of operations. The company’s revenue is bolstered by its flagship offerings, which are tailored for high-volume legal practices and enterprise legal departments.In February 2023, Bessemer Venture Partners acquired Litify Inc. from Fortress Investment Group and Tiger Global Management. The acquisition supports the company's next phase of growth. Future plans include the development of new products designed to enhance platform functionalities and streamline user experiences, although no specific release dates are available.
Who invested in Litify
1 investor across 1 round
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Funding rounds
Series A
May 21, 2019
Amount
$40M
Investors
Questions about Litify
Who invested in Litify?
Litify has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Litify raised?
Litify has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Litify last raise money?
Litify's most recent round on record is a Series A, in May 2019.
What does Litify do?
Litify is a software company.
Where is Litify headquartered?
Litify is headquartered in Brooklyn, US.
Which VCs invest in companies like Litify?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Litify's stage. Their profiles are linked below.
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