Fueled by interest in its new brief-automation product, the legal research company Casetext said today that it has raised $8.2 million in new funding in a round led by “one of the top revenue-generating law firms in the country.” It did not disclose the name of the firm.
Casetext cofounder and CEO Jake Heller said the additional funding would be used to invest more heavily in Compose, the product the company unveiled last month that automates the creation of the first draft of a litigation brief.
This brings the total investment in Casetext to over $40 million. Several existing investors also participated in the round, including Union Square Ventures, Canvas Ventures, and Y Combinator Continuity.
“We’re honored to have one of the top law firms in the country as Casetext investors,” Heller said in a statement on the funding. “I view this investment as validation that the legal industry shares our vision for the future of law — and believes we’re the right company to build it.”
As I wrote when Compose launched, the product is designed to help lawyers create first drafts of litigation briefs in a fraction of the time it would normally take. Users select from an index of arguments and standards tied to the type of motion and jurisdiction, and the product inserts fully composed paragraphs, including citations.
Notable New Casetext Product Drafts Your Litigation Briefs For You