About Litify
Litify is a Professional & Legal Services company based in New York (United States) founded in 2016, and was acquired by Bessemer Venture Partners in February 2023. Cloud-based legal management software is provided for enterprises. Litify has raised $78.56 million across 4 funding rounds from investors including Bessemer Venture Partners, Esquire Bank and Fortress Investment. Litify has completed 1 acquisition, including LegalStratus. Its website litify.com draws about 27 thousand monthly visits. Litify offers products and services including Litify Platform. Its focus areas include Enterprise Applications, Legal Tech, Legal Practice Management and Suite. Its competitors include Smokeball, Aderant and MyCase; 1 of its 3 listed competitors has raised funding.
Company details
Litify was founded in 2016 in New York, United States, within the legal technology sector. Cloud-based software is delivered for enterprise legal management, targeting law firms and in-house teams. Core operations encompass matter and task management, document generation, timekeeping, billing, and client communication. Data-driven insights are generated to aid financial performance analysis. Repetitive processes are automated, while online collaboration and real-time data access are supported across operations.
- Headquarters New York, United States
- Stage Acquired
- SectorsProfessional & Legal Services
- Website litify.com
- Social LinkedIn X Facebook Instagram
- Acquired by Bessemer Venture Partners (Feb 2023)
- Total Equity Funding$78.56M (USD)
in 4 rounds
- Latest Funding Round$19.84M (USD), Series A
Dec 2023
- InvestorsBessemer Venture Partners
& 3 more
- Investments & Acquisitions
- Acquired byBessemer Venture Partners
(Feb 2023)
Products & Services of Litify
Litify offers a comprehensive portfolio of products and services, including Litify Platform.
All-in-one platform for streamlining legal operations and analytics
Funding Insights of Litify
Litify has successfully raised a total of $78.56M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $19.84 million completed in December 2023. 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 $78.56M
- Total Rounds 4
- Last Round Series A — $19.84M
- First Round $5M
(Jun 2016)
- Investors Count 3
All 4 funding rounds of Litify 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 2023 | $19.84M | Series A | – | – | – |
| Jun 2019 | $50M | Series A | – | Tiger Global Management | – |
| Apr 2018 | $3.72M | Series A | – | Esquire Bank | – |
| Jun 2016 | $5M | Series A | – | Fortress Investment | – |
4 investors in total: 4 institutional.
Investors in Litify
Litify has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Bessemer Venture Partners, Esquire Bank and Fortress Investment.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture and private equity investments are managed with global diversification. | tigerglobal.com | New York, United States | ||
Venture capital investments and support for entrepreneurs in technology and innovation sectors. | 1911 | bvp.com | Redwood City, United States | |
Commercial bank | 2007 | esquirebank.com | New York, United States | |
Provider of credit, private equity, and capital investment services | 1998 | fortress.com | Atlanta, United States |
Investor details for Litify
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Litify
57 people are tracked at Litify (16 in leadership, 41 in team).
| Name | Role | Group |
|---|---|---|
Jason Valentine | Senior Director, Customer Support & Success | Leadership |
Drew Miskovitz | Creative Director | Leadership |
Christiana Embiricos | Director, Product Strategy & Ops | Leadership |
Cassie Vitelli | VP, Marketing | Leadership |
Andy Price | VP, Professional Services | Leadership |
Lauren Rothrock | Chief Product Officer | Leadership |
Katherine He | Director, Talent Acquisition | Leadership |
Praveen Kanjiramkatte | Director - Enterprise Legal Management | Leadership |
Sean Singer | VP Compliance, It, And Security | Leadership |
Andrew Heffernan | VP Of Engineering | Leadership |
Sarah Sirow | VP Of Product | Leadership |
Ashley Closson | Vice President Of Customer Success | Leadership |
Veronica M. | Director - Partner Delivery | Leadership |
Travis Meserve | Vice President Legal | Leadership |
Tom Mavis | Vice President, Business Development | Leadership |
Blair Bonnema | Director Of Product - ELM | Leadership |
Duol D. Nhial | Enterprise Customer Success Manager | Team |
Naftali Druk | Customer Success Manager | Team |
Nubia F. | Enterprise Customer Success Manager | Team |
Ben Druk | Senior Solution Architect | Team |
37 more people are available in the full profile.
Complete people profiles for Litify
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Investments & Acquisitions by Litify
Litify has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include LegalStratus.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud-based legal case management software is provided to legal entities. | legalstratus.com | New York, United States | 2016 | Jun 2021 | •••• |
Complete acquisition details for Litify
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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- Deal sources
- Complete history
- Exports
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Timeline of Litify
5 dated milestones of Litify across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Litify is founded.
- Funding First funding round of $5.0M.
- Acquisition Acquires LegalStratus.
- Exit Acquired by Bessemer Venture Partners.
- Funding Latest funding round, Series A, of $19.8M.
Competitors of Litify
Litify has 3 listed competitors in our database, 1 of them funded. They include Smokeball, Aderant and MyCase.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| smokeball.com | 2010 | Chicago, United States | $30M | 136 | Cloud-based software for managing legal practices is provided. | |
| aderant.com | 1978 | Atlanta, United States | 291 | Legal software for practice, matter, and financial management is offered. | ||
| mycase.com | 2009 | Goleta, United States | 172 | Cloud-based practice management software is offered for law firms. |
Detailed competitors of Litify
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Litify
The website of Litify (litify.com) receives about 26.8K visits a month.
- Monthly visits26.8K
▲ 2.4% vs previous month
Websites whose visitors overlap most with Litify. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
venturecapitaljournal.com | venturecapitaljournal.com | 100% | #730,826 | – |
Top companies in Legal Tech
3 companies that operate in the same segment as Litify (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 Litify
Complete news archive for Litify
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Frequently Asked Questions about Litify
Litify was founded in 2016.
Litify is headquartered in New York, United States. It is registered at New York, New York, United States.
Litify is a funded company, having raised a total of $78.56M across 4 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Jun 2016.
Litify was founded in 2016 in New York, United States, within the legal technology sector. Cloud-based software is delivered for enterprise legal management, targeting law firms and in-house teams. Core operations encompass matter and task management, document generation, timekeeping, billing, and client communication. Data-driven insights are generated to aid financial performance analysis. Repetitive processes are automated, while online collaboration and real-time data access are supported across operations.
Litify offers Litify Platform.
Litify has made 1 acquisition, including LegalStratus.
Litify has 4 investors. Key investors include Bessemer Venture Partners, Esquire Bank, Fortress Investment, and Tiger Global.
Yes. Litify was acquired by Bessemer Venture Partners in February 2023.