About NexLP
NexLP is a Professional & Legal Services company based in Chicago (United States) founded in 2013, and was acquired by Reveal Data in August 2020. Provider of a cloud based text analytics solution. It operates in the Professional & Legal Services and Technology sectors. NexLP has raised $5.12 million across 3 funding rounds from investors including Reveal Data, Techstars and Method Capital. The company was acqui-hired. Its focus areas include Enterprise Infrastructure, Cognitive Computing, Applications and Text Mining. Its competitors include Elastic, Primer and Fractal Analytics; 3 of its 3 listed competitors have raised funding.
Company details
NexLP was established in 2013 in Chicago, United States, within the technology sector focused on artificial intelligence. A cloud-based platform is operated to apply natural language processing via machine learning algorithms in a proprietary engine. Unstructured electronic data is converted into searchable profiles on entities such as people, places, and events. Patterns within the data are analyzed to generate operational insights for users.
- Headquarters Chicago, United States
- Stage Acquired
- SectorsProfessional & Legal ServicesTechnology
- Website nexlp.com
- Social LinkedIn X
- Acquired by Reveal Data (Aug 2020)
- Total Equity Funding$5.12M (USD)
in 3 rounds
- Latest Funding Round$3M (USD), Series A
Oct 2017
- InvestorsReveal Data
& 3 more
- Acquired byReveal Data
(Aug 2020)
Funding Insights of NexLP
NexLP has successfully raised a total of $5.12M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $3 million completed in October 2017. 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 $5.12M
- Total Rounds 3
- Last Round Series A — $3M
- First Round $118,000
(May 2014)
- Investors Count 3
All 3 funding rounds of NexLP 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 |
|---|---|---|---|---|---|
| Oct 2017 | $3M | Series A | – | Method Capital | |
| Aug 2014 | $2M | Seed | – | – | – |
| May 2014 | $118,000 | Seed | – | Techstars | – |
4 investors in total: 4 institutional.
Investors in NexLP
NexLP has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Reveal Data, Techstars and Method Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital funding is provided to Midwest technology companies. | method.capital | Chicago, United States | ||
Seed funding is offered by Dundee Venture Capital. | dundeeventurecapital.com | Omaha, United States | ||
Startups are accelerated globally without sector restrictions through structured programs. | 2006 | techstars.com | New York, United States | |
Ediscovery platforms with AI analytics are developed for litigation. | 2008 | revealdata.com | Audubon, United States |
Investor details for NexLP
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of NexLP
4 people are tracked at NexLP (4 in leadership).
| Name | Role | Group |
|---|---|---|
Ye Chen | Founder & CXO | Leadership |
Irina Matveeva | Head of Machine Learning | Leadership |
Jay Leib | Founder & CEO | Leadership |
Dan Roth | Founder & Chief Scientist | Leadership |
Complete people profiles for NexLP
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Timeline of NexLP
4 dated milestones of NexLP across 7 years, from founding to its latest funding, stage changes and deals.
- Founded NexLP is founded.
- Funding First funding round of $118K.
- Funding Latest funding round, Series A, of $3.0M.
- Exit Acquired by Reveal Data.
Competitors of NexLP
NexLP has 3 listed competitors in our database, 3 of them funded. They include Elastic, Primer and Fractal Analytics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| elastic.co | 2012 | Mountain View, United States | $104M | 3,187 | Cloud based text analytics platform | |
| primer.ai | 2015 | San Francisco, United States | $222.7M | 194 | AI based text summarization and contextualization software tool | |
| fractal.ai | 2000 | New York, United States | $685M | 4,620 | Artificial intelligence and analytics solutions are provided for enterprise transformation. |
Detailed competitors of NexLP
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Top companies in Legal Tech
3 companies that operate in the same segment as NexLP (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 Nexlp
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Frequently Asked Questions about NexLP
NexLP was founded in 2013 and raised its 1st funding round 1 year after it was founded.
NexLP is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
NexLP is a funded company, having raised a total of $5.12M across 3 funding rounds to date. The company's 1st funding round was a Seed of $118K, raised on May 2014.
NexLP was established in 2013 in Chicago, United States, within the technology sector focused on artificial intelligence. A cloud-based platform is operated to apply natural language processing via machine learning algorithms in a proprietary engine. Unstructured electronic data is converted into searchable profiles on entities such as people, places, and events. Patterns within the data are analyzed to generate operational insights for users.
NexLP's top competitors include Fractal Analytics, Primer and Elastic.
NexLP has 4 investors. Key investors include Reveal Data, Techstars, Method Capital, and Dundee Venture Capital.
Yes. NexLP was acquired by Reveal Data in August 2020.