About Heretik
Heretik is a Professional & Legal Services company based in Chicago (United States) founded in 2017 by David Barnes, Charlie Connor, and Andy Abbott, and was acquired by Relativity Technologies in August 2022. Legal contracts are reviewed via a cloud-based machine learning platform. Heretik has raised $3 million across 2 funding rounds from investors including Relativity Technologies, Corazon Capital and Chicago Ventures. Its chief executive, as recorded, is Charlie Connor. Its focus areas include Enterprise Applications, Legal Tech, Legal Contract Management and Contract Analytics & Due Diligence. Its competitors include LegalSifter, LexCheck and Terzo; 3 of its 3 listed competitors have raised funding.
Company details
Heretik was founded in 2017 in Chicago, United States, within the legal technology sector. A cloud-based platform is provided for efficient contract review, utilizing machine learning algorithms. Services include document import, analysis, review, and reporting. Partnerships with Relativity and Reed Smith are maintained, alongside integrations with OneDrive, Office 365, and Intralinks. SaaS-based contract management solutions are delivered to Fortune 50 companies.
- Headquarters Chicago, United States
- Founders David Barnes, Charlie Connor, Andy Abbott
- Stage Acquired
- SectorsProfessional & Legal Services
- Email••••••••
- Website heretik.com
- Social LinkedIn X Facebook
- Acquired by Relativity Technologies (Aug 2022)
- Total Equity Funding$3M (USD)
in 2 rounds
- Latest Funding Round$2.4M (USD), Seed
Dec 2017
- InvestorsRelativity Technologies
& 2 more
- Acquired byRelativity Technologies
(Aug 2022)
Funding Insights of Heretik
Heretik has successfully raised a total of $3M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.4 million completed in December 2017. 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 $3M
- Total Rounds 2
- Last Round Seed — $2.4M
- First Round $600,000
(Jul 2017)
- Investors Count 3
All 2 funding rounds of Heretik 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 |
|---|---|---|---|---|---|
| Dec 2017 | $2.4M | Seed | – | Corazon Capital | |
| Jul 2017 | $600,000 | Seed | – | – | – |
3 investors in total: 3 institutional.
Investors in Heretik
Heretik has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Relativity Technologies, Corazon Capital and Chicago Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| corazoncap.com | ||||
VC firm investing in seed stage tech companies in the US | chicagoventures.com | Chicago, United States | ||
Cloud-based e-discovery software is utilized for document review and analysis. | 1997 | relativity.com | Raleigh, United States |
Investor details for Heretik
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Heretik
5 people are tracked at Heretik (4 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
David Barnes | Co-Founder | Leadership |
Charlie Connor | Co-Founder & CEO | Leadership |
Andy Abbott | Co-Founder & CTO | Leadership |
Michael Willis | Partner | Leadership |
Kate Jansons Johns | Manager Of Knowledge & Practice Support Services | Team |
Complete people profiles for Heretik
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Timeline of Heretik
4 dated milestones of Heretik across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Heretik is founded.
- Funding First funding round of $600K.
- Funding Latest funding round, Seed, of $2.4M.
- Exit Acquired by Relativity Technologies.
Competitors of Heretik
Heretik has 3 listed competitors in our database, 3 of them funded. They include LegalSifter, LexCheck and Terzo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| legalsifter.com | 2013 | Pittsburgh, United States | $13.97M | 38 | AI-powered platform for contract review and analytics. | |
| lexcheck.com | 2015 | New York, United States | $25M | AI-enabled contract review and analytics are provided by the platform. | ||
| terzo.ai | 2020 | Los Angeles, United States | $19.2M | 54 | Cloud and AI based contract analytics software |
Detailed competitors of Heretik
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- Full competitor set
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Top companies in Legal Tech
3 companies that operate in the same segment as Heretik (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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Related news about Heretik
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Frequently Asked Questions about Heretik
Heretik was founded in 2017.
Heretik is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Charlie Connor is the CEO of Heretik, as recorded in our data. They have also founded this company.
Heretik is a funded company, having raised a total of $3M across 2 funding rounds to date. The company's 1st funding round was a Seed of $600K, raised on Jul 2017.
Heretik was founded in 2017 in Chicago, United States, within the legal technology sector. A cloud-based platform is provided for efficient contract review, utilizing machine learning algorithms. Services include document import, analysis, review, and reporting. Partnerships with Relativity and Reed Smith are maintained, alongside integrations with OneDrive, Office 365, and Intralinks. SaaS-based contract management solutions are delivered to Fortune 50 companies.
Heretik's top competitors include LegalSifter, Terzo and LexCheck.
Heretik has 3 investors. Key investors include Relativity Technologies, Corazon Capital, and Chicago Ventures.
Yes. Heretik was acquired by Relativity Technologies in August 2022.