Legal Tech Funding, Q1 2020
Every disclosed legal tech round from January 1 to March 31, 2020, from the Legal Tech Circle Funding Tracker. Free to read and cite.
By The Circle DeskData updated Nov 13, 2026
What Happened in Q1 2020
The quarter at a glance, written from the tracker's data.
- The headline. Legal tech companies raised $94.2M across 6 tracked rounds in Q1 2020, up 270% from Q4 2019 and down 73% from Q1 2019.
- The biggest round. Everlaw's $62M Series C, led by CapitalG and Menlo Ventures, was the largest of the quarter. The five biggest rounds took 98% of all disclosed dollars.
- Where the money went. Litigation & eDiscovery took the largest share, 66% of dollars across 1 round. That is up from 10% over the previous four quarters.
- Round sizes. The median disclosed round was $6.6M, compared with $4.9M the quarter before. Seed and Series A made up 50% of rounds.
- Most active investor. Union Square Ventures took part in 2 rounds, leading 1.
- Geography. US companies took 95% of disclosed dollars, the UK and Europe 5%, 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 2020 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 |
|---|---|---|---|---|---|---|
| Everlaw | Series C | $62M | eDiscovery | CapitalG, Menlo Ventures | Mar 10 | Source |
| LinkSquares | Series A | $14.5M | CLM | Jump Capital | Feb 26 | Source |
| Casetext | Undisclosed | $8.2M | Research & Analytics | Mar 26 | Source | |
| Juro | Series A | $5M | CLM | Union Square Ventures | Jan 7 | Source |
| Reynen Court | Undisclosed | $3M | Knowledge Mgmt | Jan 7 | Source | |
| Case Status | Seed | $1.5M | Intake & Portals | BIP Capital | Mar 11 | 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 | $1.5M | $1.5M |
| Series A | 2 | $19.5M | $9.8M |
| Series C | 1 | $62M | $62M |
| Other and undisclosed | 2 | $11.2M | $5.6M |
Most Active Investors
Rounds they led or joined this quarter.
Quick Answers
- How much did legal tech raise in Q1 2020?
- Legal tech companies raised $94.2M in disclosed funding across 6 rounds in Q1 2020, according to the Legal Tech Circle Funding Tracker.
- What was the largest legal tech funding round in Q1 2020?
- Everlaw raised $62M in a Series C, led by CapitalG, Menlo Ventures, announced March 10, 2020.
- Which legal tech category raised the most in Q1 2020?
- Litigation & eDiscovery, with $62M across 1 rounds, 66% of the quarter's disclosed dollars.
- Who were the most active legal tech investors in Q1 2020?
- Union Square Ventures (2), BIP Capital (1), CapitalG (1), Menlo Ventures (1), Jump Capital (1).
- What was the median legal tech round size in Q1 2020?
- $6.6M across 6 rounds with disclosed amounts.
Cite this report
Legal Tech Circle. "Legal Tech Funding Report: Q1 2020." April 2020. https://legaltechcircle.com/market-signals/reports/funding-2020-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.