About Casetext
Casetext is a company based in San Francisco (United States) founded in 2013 was acquired by Thomson Reuters in June 2023.. Casetext has raised $67.83 million across 6 funding rounds from investors including Thomson Reuters, Canvas Ventures and Paul Buchheit. Casetext offers products and services including CoCounsel, Westlaw, Practical Law, and ONESOURCE. Casetext operates in a competitive market with competitors including Eve, Paxton, LegalFly, Anytime AI and Jhana, among others.
- Headquarter San Francisco, United States
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Sectors
Professional & Legal ServicesTechnology
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$67.83 M (USD)
in 6 rounds
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Latest Funding Round
$25 M (USD), Series C
Jan 07, 2022
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Investors
Thomson Reuters
& 14 more
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Employee Count
Employee Count
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Acquired by
Thomson Reuters
(Jun 26, 2023)
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Products & Services of Casetext
Casetext offers a comprehensive portfolio of products and services, including CoCounsel, Westlaw, Practical Law, and ONESOURCE. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI tool for automating professional tasks in legal and business contexts.
Platform for efficient legal research using trusted content and technology.
Service providing how-to guides and templates for legal practice areas.
Solutions for tax compliance and financial planning for corporations.
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Funding Insights of Casetext
Casetext has successfully raised a total of $67.83M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $25 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series C — $25.0M
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First Round
First Round
(01 Oct 2013)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series C - Casetext | Valuation | BuildGroup | |
| Mar, 2020 | Amount | Series B - Casetext | Valuation |
investors |
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| Apr, 2019 | Amount | Series B - Casetext | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Casetext
Casetext has secured backing from 15 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Thomson Reuters, Canvas Ventures and Paul Buchheit. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Tech focused VC firm investing in the US & Canada
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Founded Year | Domain | Location | |
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Venture capital firm focused on blockchain, wellbeing, and multiple sectors
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Founded Year | Domain | Location | |
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VC firm making early stage investment in tech companies in the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Casetext
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Casetext
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Casetext Comparisons
Competitors of Casetext
Casetext operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Eve, Paxton, LegalFly, Anytime AI and Jhana, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Eve is developed as a legal AI for plaintiff firms, assisting with case management.
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| domain | founded_year | HQ Location |
Generative AI solutions are offered for legal research and drafting.
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| domain | founded_year | HQ Location |
AI-based legal practice management solutions are offered to legal teams.
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| domain | founded_year | HQ Location |
AI based legal assistant for law firms
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| domain | founded_year | HQ Location |
Online platform providing AI-powered legal research and drafting tool
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Casetext
Frequently Asked Questions about Casetext
When was Casetext founded?
Casetext was founded in 2013.
Where is Casetext located?
Casetext is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Casetext a funded company?
Casetext is a funded company, having raised a total of $67.83M across 6 funding rounds to date. The company's 1st funding round was a Series B of $10.31M, raised on Oct 01, 2013.
What does Casetext do?
Casetext was founded in 2013 in San Francisco, United States, within the legal technology sector. An online community for attorneys is maintained, enabling knowledge and service sharing. Access to attorney-annotated legal texts is provided, alongside an AI platform that aids in case discovery. Services encompass legal correspondence drafting, research support, deposition outlines, contract analysis, compliance verification, and document summarization.
What products or services does Casetext offer?
Casetext offers CoCounsel, Westlaw, Practical Law, and ONESOURCE.
Who are Casetext's investors?
Casetext has 15 investors. Key investors include Thomson Reuters, Canvas Ventures, Paul Buchheit, BuildGroup, and Union Square Ventures.
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