About CoCounsel
CoCounsel is a company based in New York (United States) founded in 2023 was acquired by Thomson Reuters in October 2024. It operates as a AI-as-a-Service. CoCounsel has raised $6.3 million across 1 funding round from investors including Thomson Reuters, Allen Institute for Artificial Intelligence and Pathlight Ventures. CoCounsel offers products and services including CoCounsel AI Assistant. CoCounsel operates in a competitive market with competitors including Zocks, Jump, Brieff, Accounton and Sama Soft, among others.
- Headquarter New York, United States
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Sectors
Technology
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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
$6.3 M (USD)
in 1 rounds
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Latest Funding Round
$6.3 M (USD), Series A
Jun 20, 2024
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Investors
Thomson Reuters
& 5 more
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Employee Count
Employee Count
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Acquired by
Thomson Reuters
(Oct 22, 2024)
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Products & Services of CoCounsel
CoCounsel offers a comprehensive portfolio of products and services, including CoCounsel AI Assistant. 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 tax, audit, and accounting tasks.
Funding Insights of CoCounsel
CoCounsel has successfully raised a total of $6.3M through 1 strategic funding round. The most recent funding activity was a Series A round of $6.3 million completed in June 2024. 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 1
- Last Round Series A — $6.3M
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First Round
First Round
(20 Jun 2024)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series A - CoCounsel | Valuation | Spark Capital |
| 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 CoCounsel
CoCounsel has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Thomson Reuters, Allen Institute for Artificial Intelligence and Pathlight Ventures. 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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Spark Capital is engaged in venture capital investments.
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Multiple-stage venture capital investments are managed by Haystack.
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Early-stage enterprise technology companies are targeted for investment.
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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 CoCounsel
| 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 - CoCounsel
| 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 |
Cocounsel Comparisons
Competitors of CoCounsel
CoCounsel 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 Zocks, Jump, Brieff, Accounton and Sama Soft, 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 |
AI platform is used for managing advisor-client communications in finance.
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| domain | founded_year | HQ Location |
Client management and notetaking platform is provided for financial advisors.
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| domain | founded_year | HQ Location |
Provider of an AI-powered advisory platform for accounting firms
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| domain | founded_year | HQ Location |
Automates repetitive accounting tasks to save time and enhance client interactions.
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| domain | founded_year | HQ Location |
Delivers software-based solutions for enterprise and messaging needs.
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| domain | founded_year | HQ Location |
Manages a digital hub offering advanced communication solutions for businesses.
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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 Cocounsel
Frequently Asked Questions about CoCounsel
When was CoCounsel founded?
CoCounsel was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is CoCounsel located?
CoCounsel is headquartered in New York, United States. It is registered at New York, New York, United States.
Is CoCounsel a funded company?
CoCounsel is a funded company, having raised a total of $6.3M across 1 funding round to date. The company's 1st funding round was a Series A of $6.3M, raised on Jun 20, 2024.
What does CoCounsel do?
CoCounsel is provided as an AI-powered assistant for professionals in tax, audit, and accounting sectors. It is integrated into firm workflows to automate research, enhance compliance, and ensure accuracy. Solutions are offered to streamline manual tasks, execute structured workflows, and deliver instant insights backed by trusted sources. The platform is built with enterprise-grade security to protect data and ensure regulatory compliance.
Who are the top competitors of CoCounsel?
What products or services does CoCounsel offer?
CoCounsel offers CoCounsel AI Assistant.
Who are CoCounsel's investors?
CoCounsel has 6 investors. Key investors include Thomson Reuters, Allen Institute for Artificial Intelligence, Pathlight Ventures, Spark Capital, and Haystack.
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