Legal Tech Funding, Q2 2019
Every disclosed legal tech round from April 1 to June 30, 2019, from the Legal Tech Circle Funding Tracker. Free to read and cite.
By The Circle DeskData updated Nov 12, 2026
What Happened in Q2 2019
The quarter at a glance, written from the tracker's data.
- The headline. Legal tech companies raised $89.8M across 6 tracked rounds in Q2 2019, down 74% from Q1 2019 and down 31% from Q2 2018.
- The biggest round. Litify's $50M Series A, led by Tiger Global Management, was the largest of the quarter. The five biggest rounds took 98% of all disclosed dollars.
- Where the money went. Practice / Matter Management took the largest share, 56% of dollars across 1 round. That is up from 2% over the previous four quarters.
- Round sizes. The median disclosed round was $9.8M, compared with $12.5M the quarter before. Seed and Series A made up 100% of rounds.
- Geography. US companies took 88% of disclosed dollars, the UK and Europe 12%, and the rest of the world 0%.
- New names. 6 companies announced their first tracked round this quarter.
The Last Eight Quarters
Disclosed dollars raised. Q2 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 |
|---|---|---|---|---|---|---|
| Litify | Series A | $50M | Practice Mgmt | Tiger Global Management | Jun 7 | Source |
| Text IQ | Series A | $12.6M | Compliance & Privacy | FirstMark Capital | Jun 19 | Source |
| Onna | Series A | $11M | eDiscovery | Dawn Capital | Jun 3 | Source |
| Brightflag | Series A | $8.5M | Legal Ops & Spend | Sands Capital Ventures | Apr 9 | Source |
| Clause | Series A | $5.5M | CLM | Galaxy Digital | Jun 27 | Source |
| Legal OS | Seed | $2.2M | Doc Automation | HV Holtzbrinck Ventures | Jun 20 | 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 | $2.2M | $2.2M |
| Series A | 5 | $87.6M | $11M |
Most Active Investors
Rounds they led or joined this quarter.
Quick Answers
- How much did legal tech raise in Q2 2019?
- Legal tech companies raised $89.8M in disclosed funding across 6 rounds in Q2 2019, according to the Legal Tech Circle Funding Tracker.
- What was the largest legal tech funding round in Q2 2019?
- Litify raised $50M in a Series A, led by Tiger Global Management, announced June 7, 2019.
- Which legal tech category raised the most in Q2 2019?
- Practice / Matter Management, with $50M across 1 rounds, 56% of the quarter's disclosed dollars.
- Who were the most active legal tech investors in Q2 2019?
- Galaxy Digital (1), HV Holtzbrinck Ventures (1), FirstMark Capital (1), Tiger Global Management (1), Dawn Capital (1).
- What was the median legal tech round size in Q2 2019?
- $9.8M across 6 rounds with disclosed amounts.
Cite this report
Legal Tech Circle. "Legal Tech Funding Report: Q2 2019." July 2019. https://legaltechcircle.com/market-signals/reports/funding-2019-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.