Legal Tech Funding, Q2 2021
Every disclosed legal tech round from April 1 to June 30, 2021, from the Legal Tech Circle Funding Tracker. Free to read and cite.
By The Circle DeskData updated Nov 13, 2026
What Happened in Q2 2021
The quarter at a glance, written from the tracker's data.
- The headline. Legal tech companies raised $262M across 11 tracked rounds in Q2 2021, down 55% from Q1 2021 and up 113% from Q2 2020.
- The biggest round. Clio's $110M Series E, led by T. Rowe Price, was the largest of the quarter. The five biggest rounds took 95% of all disclosed dollars.
- Where the money went. Practice / Matter Management took the largest share, 44% of dollars across 2 rounds. That is up from 3% over the previous four quarters.
- Round sizes. The median disclosed round was $4.2M, compared with $9M the quarter before. Seed and Series A made up 9% of rounds, and 1 round of $100M or more accounted for 42% of dollars.
- Most active investor. Tiger Global Management took part in 2 rounds, leading 2, followed by UK Future Fund with 2.
- Geography. US companies took 4% of disclosed dollars, the UK and Europe 41%, and the rest of the world 55%.
- New names. 6 companies announced their first tracked round this quarter.
The Last Eight Quarters
Disclosed dollars raised. Q2 2021 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 |
|---|---|---|---|---|---|---|
| Clio | Series E | $110M | Practice Mgmt | T. Rowe Price | Apr 27 | Source |
| BRYTER | Series B | $66M | Doc Automation | Tiger Global | Apr 7 | Source |
| Jusbrasil | Undisclosed | $32.4M | Research & Analytics | Apr 27 | Source | |
| Contractbook | Series B | $30M | CLM | Tiger Global | May 11 | Source |
| Lexion | Series A | $11M | CLM | Khosla Ventures | Jun 17 | Source |
| Legatics | Undisclosed | $4.2M£3M | Practice Mgmt | Mobeus | Jun 24 | Source |
| Josef | Undisclosed | $2.5M | Doc Automation | Carthona Capital | May 17 | Source |
| Thirdfort | Undisclosed | $2.1M£1.5M | Compliance & Privacy | Apr 13 | Source | |
| Libryo | Undisclosed | $1.9M£1.4M | Compliance & Privacy | Future Energy Ventures | May 18 | Source |
| ContractZen | Undisclosed | $1.2M€1M | CLM | Nordic Eye Venture Capital | Jun 3 | 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 |
|---|---|---|---|
| Series A | 1 | $11M | $11M |
| Series B | 2 | $96M | $48M |
| Late stage | 1 | $110M | $110M |
| Other and undisclosed | 7 | $45.5M | $2.1M |
Most Active Investors
Rounds they led or joined this quarter.
- 1Tiger Global Management2 rounds · led 2
- 2UK Future Fund2 rounds
- 3Mobeus1 round · led 1
- 4Khosla Ventures1 round · led 1
- 5Nordic Eye Venture Capital1 round · led 1
- 6Future Energy Ventures1 round · led 1
- 7Carthona Capital1 round · led 1
- 8T. Rowe Price1 round · led 1
- 9Madrona Venture Group1 round
- 10Wilson Sonsini1 round
Quick Answers
- How much did legal tech raise in Q2 2021?
- Legal tech companies raised $262M in disclosed funding across 11 rounds in Q2 2021, according to the Legal Tech Circle Funding Tracker.
- What was the largest legal tech funding round in Q2 2021?
- Clio raised $110M in a Series E, led by T. Rowe Price, announced April 27, 2021.
- Which legal tech category raised the most in Q2 2021?
- Practice / Matter Management, with $114M across 2 rounds, 44% of the quarter's disclosed dollars.
- Who were the most active legal tech investors in Q2 2021?
- Tiger Global Management (2), UK Future Fund (2), Mobeus (1), Khosla Ventures (1), Nordic Eye Venture Capital (1).
- What was the median legal tech round size in Q2 2021?
- $4.2M across 11 rounds with disclosed amounts.
Cite this report
Legal Tech Circle. "Legal Tech Funding Report: Q2 2021." July 2021. https://legaltechcircle.com/market-signals/reports/funding-2021-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.