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
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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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
Employee Count
- 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. 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.
All-in-one platform for streamlining legal operations and analytics
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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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $19.8M
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First Round
First Round
(01 Jun 2016)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series A - Litify | Valuation |
investors |
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| Jun, 2019 | Amount | Series A - Litify | Valuation | Tiger Global Management |
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| Apr, 2018 | Amount | Series A - Litify | Valuation | Esquire Bank |
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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 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. 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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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Commercial bank
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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 Litify
Litify has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include LegalStratus. 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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Cloud-based legal case management software is provided to legal entities.
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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 - Litify
| 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 |
Litify Comparisons
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. 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 |
Legal practice management software is provided for law firm operations.
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| domain | founded_year | HQ Location |
Cloud-based software for managing legal practices is provided.
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| domain | founded_year | HQ Location |
Legal software for practice, matter, and financial management is offered.
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| domain | founded_year | HQ Location |
Cloud-based practice management software is offered for law firms.
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| domain | founded_year | HQ Location |
Online practice management software is provided for law firms.
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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 Litify
Frequently Asked Questions about Litify
When was Litify founded?
Litify was founded in 2016.
Where is Litify located?
Litify is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Litify a funded company?
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 $3.72M, raised on Jun 01, 2016.
What does Litify do?
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.
Who are the top competitors of Litify?
Litify's top competitors include Clio, Smokeball and Dye & Durham Corp..
What products or services does Litify offer?
Litify offers Litify Platform.
How many acquisitions has Litify made?
Litify has made 1 acquisition, including LegalStratus.
Who are Litify's investors?
Litify has 4 investors. Key investors include Bessemer Venture Partners, Esquire Bank, Fortress Investment, and Tiger Global.
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