About Litify
Litify is a company based in New York (United States) founded in 2016 was acquired by Bessemer Venture Partners in February 2023. 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. Litify offers products and services including Litify Platform. Litify operates in a competitive market with competitors including Clio, Smokeball, Aderant, MyCase and Litera, among others.
- Headquarter New York, United States
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Sectors
Professional & Legal Services
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Phone
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$78.56 M (USD)
in 4 rounds
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Latest Funding Round
$19.84 M (USD), Series A
Dec 05, 2023
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Investors
Bessemer Venture Partners
& 3 more
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Employee Count
Not available
- Investments & Acquisitions
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Acquired by
Bessemer Venture Partners
(Feb 09, 2023)
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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
People of Litify
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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.
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.
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Venture and private equity investments are managed with global diversification.
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Commercial bank
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Investor details for Litify
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Investments & Acquisitions by Litify
Litify has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include LegalStratus.
Investment portfolio details for Litify
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-based legal case management software is provided to legal entities.
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Complete acquisition details for Litify
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
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Financial Statements - Litify
Detailed financials for Litify
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Litify Comparisons
Peer comparison for Litify
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Competitors of Litify
Litify 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 Clio, Smokeball, Aderant, MyCase and Litera, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Legal practice management software is provided for law firm operations.
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Cloud-based software for managing legal practices is provided.
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Legal software for practice, matter, and financial management is offered.
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Cloud-based practice management software is offered for law firms.
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Online practice management software is provided for law firms.
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Detailed competitors of Litify
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Latest news on 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.
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's top competitors include Clio, Smokeball and Dye & Durham Corp..
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.