Legal Tech Funding, Q1 2022
Every disclosed legal tech round from January 1 to March 31, 2022, from the Legal Tech Circle Funding Tracker. Free to read and cite.
By The Circle DeskData updated Nov 12, 2026
What Happened in Q1 2022
The quarter at a glance, written from the tracker's data.
- The headline. Legal tech companies raised $314M across 17 tracked rounds in Q1 2022, down 35% from Q4 2021 and down 47% from Q1 2021.
- The biggest round. Ironclad's $150M Series E, led by Franklin Templeton, was the largest of the quarter. The five biggest rounds took 80% of all disclosed dollars.
- Where the money went. CLM Systems & Workflows took the largest share, 55% of dollars across 2 rounds. Compliance, Risk & Privacy gained the most ground: 17% of dollars, against 1% over the previous four quarters.
- Round sizes. The median disclosed round was $7M, compared with $12.1M the quarter before. Seed and Series A made up 59% of rounds, and 1 round of $100M or more accounted for 48% of dollars.
- Most active investor. Touchdown Ventures took part in 2 rounds, followed by Union Square Ventures with 2.
- Geography. US companies took 70% of disclosed dollars, the UK and Europe 17%, and the rest of the world 12%.
- New names. 9 companies announced their first tracked round this quarter.
The Last Eight Quarters
Disclosed dollars raised. Q1 2022 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 |
|---|---|---|---|---|---|---|
| Ironclad | Series E | $150M | CLM | Franklin Templeton | Jan 18 | Source |
| Athennian | Series B | $33MC$42M | Compliance & Privacy | Centana Growth Partners | Mar 30 | Source |
| Casetext | Series C | $25M | Research & Analytics | BuildGroup | Jan 17 | Source |
| Juro | Series B | $23M | CLM | Eight Roads | Jan 17 | Source |
| Thirdfort | Series A | $19.7M£15M | Compliance & Privacy | Breega | Mar 8 | Source |
| ZERO Systems | Series A | $12M | Practice Mgmt | Streamlined Ventures | Mar 1 | Source |
| Ex Parte | Series A | $7.5M | Research & Analytics | R8 Capital, Ironbound Partners | Mar 1 | Source |
| Proof | Series A | $7M | eDiscovery | Blue Heron Capital, The LegalTech Fund | Mar 8 | Source |
| Flank | Undisclosed | $7M | Doc Automation | Gradient Ventures, 10x | Jan 18 | Source |
| New Era ADR | Seed | $6.3M | Intake & Portals | Nextview Ventures | Mar 16 | 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 | 4 | $12.2M | $2.4M |
| Series A | 6 | $54.2M | $7.3M |
| Series B | 2 | $56M | $28M |
| Series C | 1 | $25M | $25M |
| Late stage | 1 | $150M | $150M |
| Other and undisclosed | 3 | $16.3M | $5M |
Most Active Investors
Rounds they led or joined this quarter.
- 1Touchdown Ventures2 rounds
- 2Union Square Ventures2 rounds
- 3Centana Growth Partners1 round · led 1
- 4Ulu Ventures1 round · led 1
- 5Nextview Ventures1 round · led 1
- 6Blue Heron Capital1 round · led 1
- 7The LegalTech Fund1 round · led 1
- 8Breega1 round · led 1
- 9Streamlined Ventures1 round · led 1
- 10R8 Capital1 round · led 1
Quick Answers
- How much did legal tech raise in Q1 2022?
- Legal tech companies raised $314M in disclosed funding across 17 rounds in Q1 2022, according to the Legal Tech Circle Funding Tracker.
- What was the largest legal tech funding round in Q1 2022?
- Ironclad raised $150M in a Series E, led by Franklin Templeton, announced January 18, 2022.
- Which legal tech category raised the most in Q1 2022?
- CLM Systems & Workflows, with $173M across 2 rounds, 55% of the quarter's disclosed dollars.
- Who were the most active legal tech investors in Q1 2022?
- Touchdown Ventures (2), Union Square Ventures (2), Centana Growth Partners (1), Ulu Ventures (1), Nextview Ventures (1).
- What was the median legal tech round size in Q1 2022?
- $7M across 17 rounds with disclosed amounts.
Cite this report
Legal Tech Circle. "Legal Tech Funding Report: Q1 2022." April 2022. https://legaltechcircle.com/market-signals/reports/funding-2022-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.