Everlaw Raises Series B Investment to Continue Growth
Everlaw has just closed a $25 million Series B funding round, with new investor Menlo Ventures leading the round and continued participation from Andreessen Horowitz.
We are thrilled to work with Menlo to advance our mission to provide cutting-edge technology to lawyers and litigation teams throughout the world. Menlo Ventures is one of the oldest and most storied VC firms in Silicon Valley, with investments in Warby Parker, Carta, Roku, and more. Tyler Sosin, a Menlo Partner, will be joining the Everlaw board; here’s what he has to say about us.
We’ve come a long way since our Series A funding with Andreessen Horowitz at the beginning of 2016!
The most obvious change is the size of our team. We’ve grown to over 70 people, with expansion in every area: engineering, product, design, business development, customer success, sales, marketing, internal operations, and security and compliance—and we’re still hiring.
Revenue has grown, too, by more than 100% year over year for several years in a row. New clients driving this growth include Zenefits; Benesch, Friedlander, Coplan & Aronoff LLP; Macfarlanes LLP; and McDonald Carano, LLP. Everlaw is used by the state attorneys general in all 50 states, and eight of the top 10 class action law firms.
We’ve launched in several new geographies; continued partnerships with DSi and Epiq, and brought on new partners Cognicion and Elevate Services.
What hasn’t changed is our commitment to helping our customers win cases. We’ve had 20 major feature releases since our last round of funding. Some recent updates to our platform include data visualization, audio/video transcription, and native spreadsheet redaction, and support for modern file formats like Google Vault repositories and Slack chats.
And of course all of this progress is due to Everlaw’s wonderful team. It’s why one of the achievements I’m most proud of is having Everlaw recognized by Inc Magazine as a “Best Workplace” in 2018. We’ve also been named a “Best and Brightest Company to Work For” in the San Francisco Bay Area for three years running.
What’s next? That’s the exciting part! We’ll keep growing the team by hiring world-class folks in all areas—get in touch if you’re interested in joining us. We’ll continue to invest in new and innovative ways to educate and support our clients. And we have fantastic improvements in store for the Everlaw platform, from core discovery technology to more sophisticated artificial intelligence, major expansions to our StoryBuilder® suite of post-review tools, and a host of multi-matter administrative and analytics tools for users with many cases on Everlaw.
For our current users, thanks for getting us to where we are today. We can’t wait to share what’s in store with you. For everyone else, we look forward to working together!
