# SimpleLegal

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/simplelegal

- Industry: Software
- Headquarters: Mountain View, US
- Website: www.simplelegal.com
- Total disclosed funding: $12M
- Latest round: Series A (May 1, 2017)
- Investors on record: 4

## About

SimpleLegal, Inc. is a legal operations platform that enhances the efficiency of in-house legal teams and law firms by offering solutions for matter management, e-billing, vendor management, and advanced analytics.Founded in 2013 and headquartered in Mountain View, US, SimpleLegal, Inc. specializes in legal operations management. The company has undergone significant evolution since its inception, adapting its business strategy to provide comprehensive solutions for legal departments and firms. SimpleLegal has successfully raised a total of USD 10.08 mn, primarily through its Series A funding round led by Emergence Capital Partners, alongside investors such as Rincon Venture Partners, Susa Ventures, and Y Combinator. The most recent investment round occurred on May 13, 2019. SimpleLegal was acquired by Onit, Inc., a portfolio company of Austin Ventures and others, although financial terms of the acquisition remain undisclosed.SimpleLegal offers a comprehensive legal operations platform that includes matter management, e-billing, vendor management, and advanced reporting and analytics. These services are aimed at enhancing operational efficiency and helping in-house legal teams and law firms manage their legal matters, track expenditures, evaluate vendor performance, and derive insights from analytics. Their client base spans across North America, Europe, and parts of Asia, addressing common challenges in legal operations.SimpleLegal generates revenue through subscription-based pricing models for its software solutions. Clients enter into contractual agreements that specify service usage, with pricing tiers customizable to fit various organizational needs. This approach allows clients to opt for distinct features such as e-billing or reporting based on their operational requirements. The platform aims to foster long-term relationships with clients, enhancing satisfaction and retention through tailored services that support efficient legal spend management.SimpleLegal's future growth strategy includes leveraging its recent funding for expansion and product development. While there are no specific upcoming products currently announced, the company is poised to capitalize on its capabilities to enhance existing offerings and streamline processes. Following its acquisition by Onit, Inc., SimpleLegal aims to explore broader market opportunities and enhance its geographic reach, although specific regions have not been named. The rationale for utilizing funding from the Series A round will support these initiatives to further strengthen its position in the legal operations sector.

## Funding rounds

- Series A, May 1, 2017, $10M — Emergence Capital, Rincon Venture Partners, Y Combinator, Susa Ventures
- Seed, Oct 2, 2015, $1.6M — Y Combinator

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- Emergence Capital (https://capitalatlas.ai/funds/emergence-capital) — Series A
- Rincon Venture Partners (https://capitalatlas.ai/funds/rincon-venture-partners) — Series A
- Susa Ventures (https://capitalatlas.ai/funds/susa-ventures) — Series A