Legal Tech Funding, Q2 2018
Every disclosed legal tech round from April 1 to June 30, 2018, from the Legal Tech Circle Funding Tracker. Free to read and cite.
By The Circle DeskData updated Nov 12, 2026
What Happened in Q2 2018
The quarter at a glance, written from the tracker's data.
- The headline. Legal tech companies raised $130M across 7 tracked rounds in Q2 2018, up 33% from Q1 2018.
- The biggest round. PatSnap's $38M Series D, led by Sequoia China and Shunwei Capital, was the largest of the quarter. The five biggest rounds took 97% of all disclosed dollars.
- Where the money went. Intellectual Property took the largest share, 45% of dollars across 2 rounds. That is up from 3% over the previous four quarters.
- Round sizes. The median disclosed round was $21M, compared with $22.5M the quarter before. Seed and Series A made up 29% of rounds.
- Geography. US companies took 44% of disclosed dollars, the UK and Europe 18%, and the rest of the world 38%.
- New names. 5 companies announced their first tracked round this quarter.
The Last Eight Quarters
Disclosed dollars raised. Q2 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.
| Company | Stage | Amount | Category | Lead | Date | Source |
|---|---|---|---|---|---|---|
| PatSnap | Series D | $38M | IP | Sequoia China, Shunwei Capital | Jun 14 | Source |
| Seal Software | Undisclosed | $30M | CLM | Toba Capital | Jun 20 | Source |
| Everlaw | Series B | $25M | eDiscovery | Menlo Ventures | Jun 28 | Source |
| INCOPRO | Growth | $21M | IP | Highland Europe | May 31 | Source |
| LawGeex | Undisclosed | $12M | GenAI & Drafting | Aleph | Apr 17 | Source |
| LinkSquares | Seed | $2.2M | CLM | May 22 | Source | |
| Juro | Seed | $2M | CLM | Point Nine Capital | Apr 10 | Source |
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 |
|---|---|---|---|
| Pre-seed and Seed | 2 | $4.2M | $2.1M |
| Series B | 1 | $25M | $25M |
| Late stage | 2 | $59M | $29.5M |
| Other and undisclosed | 2 | $42M | $21M |
Most Active Investors
Rounds they led or joined this quarter.
Quick Answers
- How much did legal tech raise in Q2 2018?
- Legal tech companies raised $130M in disclosed funding across 7 rounds in Q2 2018, according to the Legal Tech Circle Funding Tracker.
- What was the largest legal tech funding round in Q2 2018?
- PatSnap raised $38M in a Series D, led by Sequoia China, Shunwei Capital, announced June 14, 2018.
- Which legal tech category raised the most in Q2 2018?
- Intellectual Property, with $59M across 2 rounds, 45% of the quarter's disclosed dollars.
- Who were the most active legal tech investors in Q2 2018?
- Menlo Ventures (1), Toba Capital (1), Sequoia China (1), Shunwei Capital (1), Highland Europe (1).
- What was the median legal tech round size in Q2 2018?
- $21M across 7 rounds with disclosed amounts.
Cite this report
Legal Tech Circle. "Legal Tech Funding Report: Q2 2018." July 2018. https://legaltechcircle.com/market-signals/reports/funding-2018-q2/
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.