Legal Tech Funding, Q1 2018
Every disclosed legal tech round from January 1 to March 31, 2018, from the Legal Tech Circle Funding Tracker. Free to read and cite.
By The Circle DeskData updated Nov 12, 2026
What Happened in Q1 2018
The quarter at a glance, written from the tracker's data.
- The headline. Legal tech companies raised $98.2M across 4 tracked rounds in Q1 2018, up 308% from Q4 2017 and up 121% from Q1 2017.
- The biggest round. Icertis's $50M Series D, led by Meritech Capital, was the largest of the quarter. The five biggest rounds took 100% of all disclosed dollars.
- Where the money went. CLM Systems & Workflows took the largest share, 51% of dollars across 1 round. Litigation & eDiscovery gained the most ground: 46% of dollars, against 1% over the previous four quarters.
- Round sizes. The median disclosed round was $22.5M, compared with $6.1M the quarter before. Seed and Series A made up 0% of rounds.
- Geography. US companies took 100% of disclosed dollars, the UK and Europe 0%, and the rest of the world 0%.
- New names. 1 company announced its first tracked round this quarter.
The Last Eight Quarters
Disclosed dollars raised. Q1 2018 highlighted.
Month by Month
Dollars and rounds in each month of the quarter.
By Region
Dollars raised this quarter, by headquarters.
US vs Europe, by Quarter
The last eight quarters. Europe includes the UK.
The Ten Biggest Rounds
Disclosed amounts. Click a company for its full history.
By Category
Share of the quarter's dollars, against the previous four quarters.
By Stage
Rounds, dollars and the median round at each stage.
| Stage | Rounds | Raised | Median |
|---|---|---|---|
| Series B | 1 | $25M | $25M |
| Late stage | 2 | $70M | $35M |
| Other and undisclosed | 1 | $3.2M | $3.2M |
Most Active Investors
Rounds they led or joined this quarter.
Quick Answers
- How much did legal tech raise in Q1 2018?
- Legal tech companies raised $98.2M in disclosed funding across 4 rounds in Q1 2018, according to the Legal Tech Circle Funding Tracker.
- What was the largest legal tech funding round in Q1 2018?
- Icertis raised $50M in a Series D, led by Meritech Capital Partners, announced February 8, 2018.
- Which legal tech category raised the most in Q1 2018?
- CLM Systems & Workflows, with $50M across 1 rounds, 51% of the quarter's disclosed dollars.
- Who were the most active legal tech investors in Q1 2018?
- Meritech Capital (1), Bessemer Venture Partners (1), New Enterprise Associates (1), Brian Lee (1), David Nazarian (1).
- What was the median legal tech round size in Q1 2018?
- $22.5M across 4 rounds with disclosed amounts.
Cite this report
Legal Tech Circle. "Legal Tech Funding Report: Q1 2018." April 2018. https://legaltechcircle.com/market-signals/reports/funding-2018-q1/
How we count
Rounds come from public announcements, each linked to its source on the Funding Tracker. Equity rounds only: debt, acquisitions and IPOs are left out. A round with no disclosed amount counts toward rounds but not dollars. Figures can change if a round is corrected or announced late. Spot something missing? Tell us. Full methodology.