About DepoDirect
DepoDirect is a Professional & Legal Services company based in Los Angeles (United States) founded in 2019 by Alex Loverde. Cloud-based virtual depositions are hosted for legal teams. 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. Its chief executive, as recorded, is Todd Seligman. DepoDirect offers products and services including DepoDirect Platform. Its focus areas include Enterprise Applications, Legal Tech, Courtroom Solutions and Remote Deposition. Its legal entity is DepoDirect, Inc. Its competitors include Parrot, Prevail and Deposely; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Los Angeles, United States
- Employees 8
- Founders Alex Loverde
- SectorsProfessional & Legal Services
- Website depodirect.com
- Social LinkedIn
- Legal Name Depodirect, Inc.
- Total Equity Funding$2M (USD)
in 1 rounds
- Latest Funding Round$2M (USD), Seed
Jun 2022
- InvestorsCooley
& 3 more
- Employee Count8
Products & Services of DepoDirect
DepoDirect offers a comprehensive portfolio of products and services, including DepoDirect Platform.
Automated system for managing remote depositions with AI efficiency.
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 $2M
- Total Rounds 1
- Last Round Seed — $2M
- First Round $2M
(Jun 2022)
- Investors Count 4
All 1 funding rounds of DepoDirect with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2022 | $2M | Seed | – | Okapi Venture Capital |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
US focused VC investment company | okapivc.com | Newport Beach, United States | ||
Early-stage technology-enabled companies are invested in by ff Venture Capital. | ffvc.com | New York, United States | ||
| firstmilevc.com | ||||
Intellectual property, regulatory matters, and high-stakes litigation are addressed. | 1994 | cooley.com | Palo Alto, United States |
Investor details for DepoDirect
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of DepoDirect
3 people are tracked at DepoDirect (3 in leadership); the tracked headcount is 8.
| Name | Role | Group |
|---|---|---|
Alex Loverde | Co-Founder | Leadership |
Todd Seligman | CEO | Leadership |
Rob Cucurull | Director Of Business Development | Leadership |
Complete people profiles for DepoDirect
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of DepoDirect
2 dated milestones of DepoDirect across 3 years, from founding to its latest funding, stage changes and deals.
- Founded DepoDirect is founded.
- Funding First funding round of $2.0M.
Competitors of DepoDirect
DepoDirect has 3 listed competitors in our database, 2 of them funded. They include Parrot, Prevail and Deposely.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| parrot.us | 2019 | New York, United States | $13.03M | Parrot is integrated into Filevine, offering legal technology solutions. | ||
| prevail.ai | 2019 | San Francisco, United States | 61 | AI-powered platform for court reporting transcripts and videos is provided. | ||
| deposely.com | 2024 | Bellevue, United States | $153,888 | AI-powered platform for deposition management and analysis is utilized. |
Detailed competitors of DepoDirect
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of DepoDirect
The website of DepoDirect (depodirect.com) receives about 1.9K visits a month.
- Monthly visits1.9K
▼ 29.2% vs previous month
Top companies in Legal Tech
3 companies that operate in the same segment as DepoDirect (Legal Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-powered legal research assistance is provided to law firms. | 2022 | San Francisco, California, United States | USD 1.82 B | 1,840 | ||
Cloud and AI-based electronic signatures and contract management are provided. | 2003 | San Francisco, California, United States | USD 520 M | USD 3.22 B | 6,840 | |
Contract lifecycle management software is developed using AI-powered intelligence. | 2016 | San Carlos, California, United States | USD 154.69 M |
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Frequently Asked Questions about DepoDirect
DepoDirect was founded in 2019 and raised its 1st funding round 3 years after it was founded.
DepoDirect is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Todd Seligman is the CEO of DepoDirect, as recorded in our data.
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 2022.
DepoDirect has 8 employees.
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.
DepoDirect offers DepoDirect Platform.
DepoDirect has 4 investors. Key investors include Cooley, Okapi Venture Capital, ff Venture Capital, and FirstMile Ventures.
DepoDirect operates through Depodirect, Inc..