LawPivot secured $600,000 in a seed financing round. Google Ventures of Mountain View, Calif., participated in the round. Silicon Valley and New York angel investors also contributed to the capital raised. LawPivot is aQ&A site that provides crowd sourced and confidential legal advice to companies from legal experts.
PRESS RELEASE:
LawPivot (www.lawpivot.com), a Q&A site that provides crowdsourced and confidential legal advice to companies from legal experts, announced that it secured new funding from Google Ventures and also Silicon Valley and New York angel investors, raising a total of $600,000 in its seed financing round. The company also unveiled its new product LawPivot Recommendations, a personalized recommendation algorithm that connects a company to the best lawyers on LawPivot to answer its legal questions.
As former lawyers (at Apple and at major law firms) and also past entrepreneurs, LawPivot’s co-founders Jay Mandal and Nitin Gupta know firsthand how U.S. companies, and especially startups, struggle with high legal costs and face unnecessary hurdles in getting answers from legal experts immediately. The legal industry has also been far behind other industries in adopting technologies to improve the delivery of legal services and making legal services more affordable. LawPivot’s aim is to provide the best and easiest way for companies to receive confidential legal advice.
Quora is an innovate Q&A platform that harnesses the interests of individuals in order to get crowdsourced public answers and gossip from those individuals. LawPivot takes that innovation one step forward by using Q&A to solve critical legal issues for companies — we provide them crowdsourced, confidential answers from legal experts.
LawPivot recently secured new funding from Google Ventures, Richard Chen, David Tisch, David Li, Nick Mehta and Don Hutchison, joining the initial group of investors that included lead investor David Austin, Allen Morgan, Deep Nishar, Chris Yeh and Nishith Desai. LawPivot raised $600,000 in total from all investors in this seed financing round. “There are inefficiencies in the delivery of legal services, and there is a huge opportunity for a technology-driven disruption. The LawPivot team has created an intelligent online solution that connects companies to the legal answers they need,” said Google Ventures Partner Wesley Chan. “We are excited to work closely with the LawPivot team.”
LawPivot also unveiled its latest product, a personalized recommendation algorithm called LawPivot Recommendations. This product eases the legal burden on companies by providing them the most efficient path to find experts to answers their legal questions. “LawPivot learns about the companies and lawyers on our system over time. LawPivot Recommendations then uses past and present data on users and trends to provide a company the best lawyers on LawPivot to answer its question based on the company’s specific needs at the time,” said Co-Founder Jay Mandal.
LawPivot encourages U.S. companies and lawyers to register at www.lawpivot.com. LawPivot is currently offering a free trial to California companies, and LawPivot is free for California lawyers.
About LawPivot
LawPivot is a legal Q&A website which allows companies, and especially startups, to confidentially receive crowdsourced legal answers from highly qualified lawyers for a fraction of the cost, and allows lawyers to provide answers to market their legal services. LawPivot was founded in November 2009 by Jay Mandal and Nitin Gupta, two lawyers who worked at major law firms and at Apple Inc. Headquartered in Silicon Valley, LawPivot is funded by Google Ventures and notable angel investors including Allen Morgan, Deep Nishar, Richard Chen, Chris Yeh, and David Austin. For more information and to request a free invitation to join LawPivot, visit www.lawpivot.com.
SOURCE LawPivot
