Legal Tech Funding, Q2 2020
Every disclosed legal tech round from April 1 to June 30, 2020, from the Legal Tech Circle Funding Tracker. Free to read and cite.
By The Circle DeskData updated Nov 12, 2026
What Happened in Q2 2020
The quarter at a glance, written from the tracker's data.
- The headline. Legal tech companies raised $123M across 7 tracked rounds in Q2 2020, up 31% from Q1 2020 and up 37% from Q2 2019.
- The biggest round. SirionLabs's $44M Series C, led by Tiger Global Management and Avatar Growth Capital, was the largest of the quarter. The five biggest rounds took 95% of all disclosed dollars.
- Where the money went. CLM Systems & Workflows took the largest share, 41% of dollars across 3 rounds. Knowledge & Document Management gained the most ground: 22% of dollars, against 2% over the previous four quarters.
- Round sizes. The median disclosed round was $16M, compared with $6.6M the quarter before. Seed and Series A made up 43% of rounds.
- Most active investor. Dawn Capital took part in 2 rounds, leading 1.
- Geography. US companies took 71% of disclosed dollars, the UK and Europe 13%, and the rest of the world 16%.
- New names. 3 companies announced their first tracked round this quarter.
The Last Eight Quarters
Disclosed dollars raised. Q2 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 |
|---|---|---|---|---|---|---|
| SirionLabs | Series C | $44M | CLM | Tiger Global, Avatar Growth Capital | May 13 | Source |
| Onna | Series B | $27M | Knowledge Mgmt | Atomico | Jun 17 | Source |
| LawGeex | Undisclosed | $20M | GenAI & Drafting | Corner Ventures | May 12 | Source |
| BRYTER | Series A | $16M | Doc Automation | Dawn Capital, Accel | Jun 4 | Source |
| Bodhala | Series A | $10M | Legal Ops & Spend | Edison Partners | Apr 22 | Source |
| Malbek | Undisclosed | $3M | CLM | Osage Venture Partners | May 13 | Source |
| LexCheck | Seed | $3M | CLM | Kli Capital | May 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 | $3M | $3M |
| Series A | 2 | $26M | $13M |
| Series B | 1 | $27M | $27M |
| Series C | 1 | $44M | $44M |
| Other and undisclosed | 2 | $23M | $11.5M |
Most Active Investors
Rounds they led or joined this quarter.
Quick Answers
- How much did legal tech raise in Q2 2020?
- Legal tech companies raised $123M in disclosed funding across 7 rounds in Q2 2020, according to the Legal Tech Circle Funding Tracker.
- What was the largest legal tech funding round in Q2 2020?
- SirionLabs raised $44M in a Series C, led by Tiger Global, Avatar Growth Capital, announced May 13, 2020.
- Which legal tech category raised the most in Q2 2020?
- CLM Systems & Workflows, with $50M across 3 rounds, 41% of the quarter's disclosed dollars.
- Who were the most active legal tech investors in Q2 2020?
- Dawn Capital (2), Atomico (1), Accel (1), Osage Venture Partners (1), Tiger Global Management (1).
- What was the median legal tech round size in Q2 2020?
- $16M across 7 rounds with disclosed amounts.
Cite this report
Legal Tech Circle. "Legal Tech Funding Report: Q2 2020." July 2020. https://legaltechcircle.com/market-signals/reports/funding-2020-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.