# NetDocuments Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/netdocuments-software

- Industry: Software
- Headquarters: Lehi, US
- Website: www.netdocuments.com
- Total disclosed funding: $25M
- Latest round: Series D (Jul 15, 2014)
- Investors on record: 1

## About

NetDocuments Software, Inc. specializes in document and email management solutions for legal professionals, enhancing efficiency through cloud-native technologies that facilitate secure collaboration and organization of legal documents.Founded in 1998 and headquartered in Lehi, Utah, USA, NetDocuments Software, Inc. delivers innovative document management solutions tailored for legal practices. With a focus on enhancing document security and collaboration, the company has received funding through several rounds, including a recent Secondary Buyout in May 2021 where it raised USD 220.00 mn from investors including Clearlake Capital Group L.P. The company was founded by Michael Hassin, who has a history of launching successful ventures in the technology sector.NetDocuments offers a robust suite of document and email management solutions tailored specifically for legal professionals and firms. Their core product, an intelligent document management system (DMS), provides cloud-native capabilities to organize, secure, and collaborate on legal documents efficiently. Key features include real-time co-authoring, automated email filing, and seamless integration with popular tools such as Microsoft Teams and Word. By leveraging artificial intelligence, the platform enables users to automate routine tasks and streamline workflows, enhancing operational efficiency for legal teams. NetDocuments serves a diverse client base, including large law firms, mid-sized practices, in-house legal departments, and public sector organizations across regions such as North America, Europe, and Asia-Pacific. The company focuses on providing solutions that address the unique challenges of legal professionals, thereby enabling them to deliver superior service to their clients.NetDocuments generates revenue primarily through subscription-based models for its document management services. Clients engage in annual or monthly subscriptions that provide access to the platform's features and functionalities. The transactions are structured as B2B partnerships, with clients ranging from individual legal practitioners to large law firms and corporate legal departments. This transactional model allows for predictable revenue streams based on the number of users and the level of service required. The flagship DMS offering, along with additional features such as the Legal AI Assistant and Microsoft Teams integration, contribute to the overall service package that clients subscribe to. Specific pricing details for various service tiers and features are determined based on the scale and customization needs of the client, ensuring that NetDocuments meets the diverse requirements of its user base.The investment from Warburg Pincus and Cove Hill Partners, finalized in May 2021, will enhance NetDocuments' ability to strengthen existing customer relationships and expand into new markets. The company plans to leverage these funds to develop new product features that cater specifically to the evolving needs of legal professionals. Targeting further penetration into European and Asia-Pacific markets, NetDocuments aims to become the foundational software for legal professionals by 2025. This strategic direction is expected to facilitate the introduction of updated functionalities, enhancing the user experience and operational capabilities for law firms and legal teams.

## Funding rounds

- Series D, Jul 15, 2014, $25M — Frontier Growth

## Investors

- Frontier Growth (https://capitalatlas.ai/funds/frontier-growth) — Series D