The LegalTech Fund Closed $28.5M First Fund

June 14, 2022Client News

Gunderson Dettmer represented client The LegalTech in the closing of its $28.5 million first fund, The LegalTech Fund I which will be invested towards early-stage companies that focus on developing and improving legal technology.

In the announcement of the transaction, Co-founder and General Partner of The LegalTech Zach Posner said, “We are seeing the legal industry intersecting with financial, regulatory, consumer, privacy and technology, meaning that legal is a crucial pivot point for many businesses and individuals. Our early success stories have shown us that legal tech has tailwinds that accelerate even in poor economic times, and during a global pandemic. We are excited about our investors and the companies we are supporting, realizing our vision of creating a vibrant community of legal tech growth and innovation."

The Gunderson Dettmer fund formation team was led by Nick Guttilla and included David Myerson.

The LegalTech Fund