Legal Tech Funding, Q1 2019
Every disclosed legal tech round from January 1 to March 31, 2019, from the Legal Tech Circle Funding Tracker. Free to read and cite.
By The Circle DeskData updated Nov 12, 2026
What Happened in Q1 2019
The quarter at a glance, written from the tracker's data.
- The headline. Legal tech companies raised $349M across 8 tracked rounds in Q1 2019, up 4535% from Q4 2018 and up 255% from Q1 2018.
- The biggest round. Onit's $200M Undisclosed, led by K1 Investment Management, was the largest of the quarter. The five biggest rounds took 95% of all disclosed dollars.
- Where the money went. Legal Operations & Spend Management took the largest share, 57% of dollars across 1 round. That is up from 3% over the previous four quarters.
- Round sizes. The median disclosed round was $12.5M, compared with $3.8M the quarter before. Seed and Series A made up 25% of rounds, and 1 round of $100M or more accounted for 57% of dollars.
- Geography. US companies took 97% of disclosed dollars, the UK and Europe 3%, and the rest of the world 0%.
- New names. 2 companies announced their first tracked round this quarter.
The Last Eight Quarters
Disclosed dollars raised. Q1 2019 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 |
|---|---|---|---|---|---|---|
| Onit | Undisclosed | $200M | Legal Ops & Spend | K1 Investment Management | Jan 11 | Source |
| DISCO | Undisclosed | $83M | eDiscovery | Georgian Partners | Jan 24 | Source |
| Ironclad | Series B | $23M | CLM | Sequoia Capital | Jan 30 | Source |
| Seal Software | Corporate investment | $15M | CLM | DocuSign | Mar 28 | Source |
| Luminance | Series B | $10M | GenAI & Drafting | Feb 7 | Source | |
| Filevine | Series A | $8.3M | Practice Mgmt | Signal Peak Ventures | Jan 29 | Source |
| LinkSquares | Undisclosed | $4.8M | CLM | Hyperplane Venture Capital, MassMutual Ventures | Mar 7 | Source |
| Evisort | Seed | $4.5M | CLM | Village Global, Amity Ventures | Feb 12 | 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 | 1 | $4.5M | $4.5M |
| Series A | 1 | $8.3M | $8.3M |
| Series B | 2 | $33M | $16.5M |
| Other and undisclosed | 4 | $303M | $49M |
Most Active Investors
Rounds they led or joined this quarter.
Quick Answers
- How much did legal tech raise in Q1 2019?
- Legal tech companies raised $349M in disclosed funding across 8 rounds in Q1 2019, according to the Legal Tech Circle Funding Tracker.
- What was the largest legal tech funding round in Q1 2019?
- Onit raised $200M in a Undisclosed, led by K1 Investment Management, announced January 11, 2019.
- Which legal tech category raised the most in Q1 2019?
- Legal Operations & Spend Management, with $200M across 1 rounds, 57% of the quarter's disclosed dollars.
- Who were the most active legal tech investors in Q1 2019?
- DocuSign (1), Hyperplane (1), MassMutual Ventures (1), Village Global (1), Amity Ventures (1).
- What was the median legal tech round size in Q1 2019?
- $12.5M across 8 rounds with disclosed amounts.
Cite this report
Legal Tech Circle. "Legal Tech Funding Report: Q1 2019." April 2019. https://legaltechcircle.com/market-signals/reports/funding-2019-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.