About DepoDirect
DepoDirect is a company based in Los Angeles (United States) founded in 2019 by Alex Loverde.. DepoDirect has raised $2 million across 1 funding round from investors including Cooley, Okapi Venture Capital and ff Venture Capital. The company has 8 employees as of December 31, 2022. DepoDirect offers products and services including DepoDirect Platform. DepoDirect operates in a competitive market with competitors including Parrot, Prevail, Deposely, VTestify and Remote Legal Court Reporting, among others.
- Headquarter Los Angeles, United States
- Employees 8 as on 31 Dec, 2022
- Founders Alex Loverde
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Sectors
Professional & Legal Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Depodirect, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2 M (USD)
in 1 rounds
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Latest Funding Round
$2 M (USD), Seed
Jun 21, 2022
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Investors
Cooley
& 3 more
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Employee Count
8
as on Dec 31, 2022
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Products & Services of DepoDirect
DepoDirect offers a comprehensive portfolio of products and services, including DepoDirect Platform. 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.
Automated system for managing remote depositions with AI efficiency.
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Funding Insights of DepoDirect
DepoDirect has successfully raised a total of $2M through 1 strategic funding round. The most recent funding activity was a Seed round of $2 million completed in June 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 1
- Last Round Seed — $2.0M
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First Round
First Round
(21 Jun 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Seed - DepoDirect | Valuation | Okapi Venture 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 DepoDirect
DepoDirect has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Cooley, Okapi Venture Capital and ff Venture Capital. 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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US focused VC investment company
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Founded Year | Domain | Location | |
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Early-stage technology-enabled companies are invested in by ff Venture Capital.
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Founded Year | Domain | Location | |
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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 DepoDirect
| 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 - DepoDirect
| 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 |
Depodirect Comparisons
Competitors of DepoDirect
DepoDirect 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 Parrot, Prevail, Deposely, VTestify and Remote Legal Court Reporting, 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 |
Parrot is integrated into Filevine, offering legal technology solutions.
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| domain | founded_year | HQ Location |
AI-powered platform for court reporting transcripts and videos is provided.
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| domain | founded_year | HQ Location |
AI-powered platform for deposition management and analysis is utilized.
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| domain | founded_year | HQ Location |
Remote legal depositions are facilitated via video platform.
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| domain | founded_year | HQ Location |
Cloud-based remote deposition management solutions are offered for courts.
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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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Frequently Asked Questions about DepoDirect
When was DepoDirect founded?
DepoDirect was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is DepoDirect located?
DepoDirect is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of DepoDirect?
Todd Seligman is the current CEO of DepoDirect.
Is DepoDirect a funded company?
DepoDirect is a funded company, having raised a total of $2M across 1 funding round to date. The company's 1st funding round was a Seed of $2M, raised on Jun 21, 2022.
How many employees does DepoDirect have?
As of Dec 31, 2022, the latest employee count at DepoDirect is 8.
What does DepoDirect do?
DepoDirect was founded in 2019 in Los Angeles, United States, to support the legal sector through cloud-based virtual deposition hosting. The platform is managed to handle all operational aspects for users, with a digital reporter provided to oversee and witness proceedings. Services encompass video recording of witnesses, real-time transcription, shared screens, breakout rooms, IT support, editing capabilities, testimony playback, and related functions.
Who are the top competitors of DepoDirect?
DepoDirect's top competitors include Parrot, Prevail and Lightning Law.
What products or services does DepoDirect offer?
DepoDirect offers DepoDirect Platform.
Who are DepoDirect's investors?
DepoDirect has 4 investors. Key investors include Cooley, Okapi Venture Capital, ff Venture Capital, and FirstMile Ventures.