About Litera
Litera is a company based in Mcleansville (United States) founded in 2001 by Deepak Massand was acquired by Hg in May 2019.. The company has 291 employees as of April 08, 2024. Litera has completed 18 acquisitions, including Allegory Law, Clocktimizer and Concep. Litera offers products and services including Litera Draft, Kira AI, and pdfDocs. Litera operates in a competitive market with competitors including Box, Clio, Acquia, Conga and Automattic, among others.
- Headquarter Mcleansville, United States
- Employees 291 as on 08 Apr, 2024
- Founders Deepak Massand
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Sectors
Professional & Legal ServicesTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Litera Technologies Private Limited
- Date of Incorporation 15 Apr, 2020
- Jurisdiction Ahmedabad, Gujarat, India
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Annual Revenue
$8.17 M (USD)59.72as on Mar 31, 2023
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Net Profit
$660.09 K (USD)60.53as on Mar 31, 2023
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EBITDA
$1.65 M (USD)73.2as on Mar 31, 2023
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Latest Funding Round
- Investors
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Employee Count
291
as on Apr 08, 2024
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Investments & Acquisitions
Allegory Law
& 17 more
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Acquired by
Hg
(May 07, 2019)
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Products & Services of Litera
Litera offers a comprehensive portfolio of products and services, including Litera Draft, Kira AI, and pdfDocs. 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.
Software for efficient legal document creation and editing.
AI platform for analyzing and reviewing legal contracts quickly.
Tool for simplified PDF creation and document handling.
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Product Management Team
67 people
Leadership Team
33 people
Sales and Marketing
23 people
Software Development Team
21 people
Senior Team
15 people
Customer Team
10 people
Human Resources and Administration
9 people
Strategic Team
5 people
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Funding Insights of Litera
| 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 Litera
Litera has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Hg. 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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Private equity investments in Europe are managed by Hg.
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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 Litera
Litera has strategically engaged in corporate development activities, having acquired 18 companies. Notable acquisitions include Allegory Law, Clocktimizer and Concep. 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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Legal document workflows are automated via an online platform.
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2018 | ||||
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Sales force and strategy consulting services are provided.
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2018 | ||||
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Legal transaction management platform for deals and documents is offered.
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2016 |
| 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 - Litera
| 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 |
Litera Comparisons
Competitors of Litera
Litera 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 Box, Clio, Acquia, Conga and Automattic, 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-based platform for secure collaboration and content management is utilized.
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| domain | founded_year | HQ Location |
Legal practice management software is provided for law firm operations.
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| domain | founded_year | HQ Location |
AI powered digital experience and customer data management platform
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| domain | founded_year | HQ Location |
Contract lifecycle management is facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Automattic is engaged in developing web and messaging solutions.
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| domain | founded_year | HQ Location |
Documents are managed and automated for enterprise knowledge work.
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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 Litera
Frequently Asked Questions about Litera
When was Litera founded?
Litera was founded in 2001.
Where is Litera located?
Litera is headquartered in Mcleansville, United States. It is registered at Mcleansville, North Carolina, United States.
Who is the current CEO of Litera?
Sheryl Hoskins is the current CEO of Litera.
How many employees does Litera have?
As of Apr 08, 2024, the latest employee count at Litera is 291.
What is the annual revenue of Litera?
Annual revenue of Litera is $8.17M as on Mar 31, 2023.
What does Litera do?
Litera was founded in 2001 in Mcleansville, United States, within the legal technology sector. Online software is offered to law firms for managing practices, including document creation and customization through templates. Document processes, such as comparison and sharing, are streamlined. Additional features encompass proofreading, formatting, knowledge management, matter organization, and marketing tools, supporting operational efficiency in legal workflows.
What products or services does Litera offer?
Litera offers Litera Draft, Kira AI, and pdfDocs.
How many acquisitions has Litera made?
Litera has made 18 acquisitions, including Allegory Law, Clocktimizer, and Concep.
Who are Litera's investors?
Litera has 1 investor. Key investors include Hg.
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