About LegalSifter
LegalSifter is a company based in Pittsburgh (United States) founded in 2013.. LegalSifter has raised $13.97 million across 9 funding rounds from investors including Carnegie Mellon University, Carrick Capital Partners and Cypress Growth Capital. The company has 38 employees as of December 31, 2023. LegalSifter has completed 2 acquisitions, including Akorda and Contract Logix. LegalSifter offers products and services including AI-Powered Software, Contract Templates, and CLM Platform. LegalSifter operates in a competitive market with competitors including Lawgeex, Kira Systems, LexCheck, Lexoo and Terzo, among others.
- Headquarter Pittsburgh, United States
- Employees 38 as on 31 Dec, 2023
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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 Legalsifter, 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
$13.97 M (USD)
in 9 rounds
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Latest Funding Round
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Investors
Carnegie Mellon University
& 5 more
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Employee Count
38
as on Dec 31, 2023
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Investments & Acquisitions
Akorda
& 1 more
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Products & Services of LegalSifter
LegalSifter offers a comprehensive portfolio of products and services, including AI-Powered Software, Contract Templates, and CLM 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.
AI software for reviewing and identifying legal concepts in contracts.
Pre-built templates for creating and negotiating standard contracts.
Platform for organizing and extracting data from signed contracts.
Unlock access to complete
Funding Insights of LegalSifter
LegalSifter has successfully raised a total of $13.97M across 9 strategic funding rounds. 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 9
- Last Round Last Round
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Series A - LegalSifter | Valuation | Carrick Capital Partners |
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| Oct, 2020 | Amount | Series A - LegalSifter | Valuation | Cypress Growth Capital |
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| Oct, 2019 | Amount | Series A - LegalSifter | 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 LegalSifter
LegalSifter has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Carnegie Mellon University, Carrick Capital Partners and Cypress Growth 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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PE firm invests in the US
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Founded Year | Domain | Location | |
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Non-dilutive growth capital is provided by Cypress Growth Capital.
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Founded Year | Domain | Location | |
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US focused early-stage VC firm investing in tech & life sciences start-ups
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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 LegalSifter
LegalSifter has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Akorda and Contract Logix. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online contract management software is provided for enterprises.
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2008 | ||||
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Legal contracts are managed and reviewed via AI-powered software.
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2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - LegalSifter
| 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 |
Legalsifter Comparisons
Competitors of LegalSifter
LegalSifter 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 Lawgeex, Kira Systems, LexCheck, Lexoo and Terzo, 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-driven contract review and analytics solutions are offered.
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| domain | founded_year | HQ Location |
Contract analytics and due diligence software
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| domain | founded_year | HQ Location |
AI-enabled contract review and analytics are provided by the platform.
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| domain | founded_year | HQ Location |
On-demand commercial contract reviews are provided for businesses worldwide.
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| domain | founded_year | HQ Location |
Cloud and AI based contract analytics software
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Legalsifter
Frequently Asked Questions about LegalSifter
When was LegalSifter founded?
LegalSifter was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is LegalSifter located?
LegalSifter is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Is LegalSifter a funded company?
LegalSifter is a funded company, having raised a total of $13.97M across 9 funding rounds to date. The company's 1st funding round was a Series A of $1.2M, raised on Jul 15, 2014.
How many employees does LegalSifter have?
As of Dec 31, 2023, the latest employee count at LegalSifter is 38.
What does LegalSifter do?
LegalSifter was established in 2013 in Pittsburgh, United States, within the legal technology sector. A platform is operated that employs artificial intelligence to examine contracts, extract data from textual content, and identify key provisions. Services focus on analytics to support document management and information derivation for legal professionals. Operations are centered in the U.S., with the domain legalsifter.com facilitating access.
Who are the top competitors of LegalSifter?
LegalSifter's top competitors include Kira Systems, Document Crunch and Terzo.
What products or services does LegalSifter offer?
LegalSifter offers AI-Powered Software, Contract Templates, and CLM Platform.
How many acquisitions has LegalSifter made?
LegalSifter has made 2 acquisitions, including Akorda, and Contract Logix.
Who are LegalSifter's investors?
LegalSifter has 6 investors. Key investors include Carnegie Mellon University, Carrick Capital Partners, Cypress Growth Capital, Birchmere Ventures, and BlueTree Allied Angels.
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