The LegalTech Fund has closed its second fund at $110 million, marking a significant milestone for the only venture firm exclusively focused on legal technology. The new vehicle is nearly four times the size of its inaugural $28.5 million fund. It comes at a time when the $1 trillion global legal services market is undergoing rapid transformation driven by artificial intelligence, workflow automation, and regulatory evolution.
The close represents a notable achievement in a challenging fundraising environment and reflects growing investor confidence in legaltech as a durable and increasingly central category of enterprise technology. Leading global law firm and anchor partner McDermott Will & Schulte reinvested with a $10 million commitment. And strategic partner Consilio joined as a lead investor, reinforcing its position as a significant force in the future of legal technology.
Fund II’s close strengthens TLTF’s position as a global backer of early-stage companies up to Series A. The fund has already invested in more than 80 founders working to make legal services faster, more innovative, and more accessible. Its recent portfolio spans AI litigation platform Wexler, analytics-focused Entegrata, recruitment modernizer Flo Recruit, consumer-oriented planning platform HelloPrenup, and operational technology players such as BlackCloak, SimpleClosure, and Intelligent Legal Solutions. These companies extend across every layer of the legal ecosystem, from security to hiring to complex case management.
The fund’s raise also reflects a broader shift in how legal services are delivered. Increasingly, technology is enabling both law firms and in-house counsel to rethink long-standing practices while expanding access to millions of consumers who previously could not afford legal guidance. With fintech, healthtech, and insurtech already transformed, legaltech is emerging as the next major vertical poised for systemic change.
Fund II attracted a diversified group of institutional and strategic backers, including Consilio, Burford Capital, Clio, DocuSign, Harbor, Orrick, and Thomson Reuters Ventures. TLTF continues to scale its global network across law firms, corporate innovation teams, and early-stage founders through programs such as the TLTF Summit and The LegalTech Lab.
KEY QUOTES
“We launched TLTF to help entrepreneurs transforming the world of law realize their vision, and we are doing just that. Legal technology is no longer niche; it is starting to be understood that it sits at the center of every business transaction. Our strategic partners’ investments put them in a strong and unique position to lead the industry’s transformation and ultimately create more value for their clients.”
Zach Posner, Co-Founder and Managing Partner, The LegalTech Fund
“The world of law is at an inflection point that will transform our industry. We’re committed to driving that disruption, not being disrupted by it. Our continued partnership with The LegalTech Fund gives us access to the latest innovations shaping the future of law and enables us to deliver maximum impact for our clients globally.”
Ira Coleman, Chairman, McDermott Will & Schulte
“By investing in The LegalTech Fund, we’re putting millions of dollars behind driving innovation across the ecosystem. Our goal is to help build a marketplace where clients have access to the greatest companies and the best technology solutions, creating an environment that accelerates innovation and delivers real choice.”
Andy Macdonald, CEO, Consilio
