What is Avvo?
Avvo, Inc. operates as a sophisticated online legal marketplace, providing a comprehensive directory that profiles and rates legal professionals. The platform serves as a critical bridge between consumers and legal counsel, offering granular data points including disciplinary history, client feedback, and professional achievements. By digitizing the traditionally opaque legal services market, Avvo has established a dominant position in the legal-tech ecosystem, leveraging data-driven insights to enhance transparency and accessibility for both practitioners and potential clients.
How much funding has Avvo raised?
Avvo has raised a total of $187.8M across 6 funding rounds:
Series A
$3M
Series B
$10M
Series C
$10M
Series D
$36.5M
Series E
$56.8M
Other Financing Round
$71.5M
Series A (2006): $3M with participation from Benchmark Capital
Series B (2007): $10M led by Benchmark
Series C (2010): $10M supported by Benchmark Capital, Ignition Partners, and DAG Ventures
Series D (2014): $36.5M featuring Ignition Partners, Benchmark Capital, DAG Ventures, and Coatue Management
Series E (2015): $56.8M backed by Coatue Management and Technology Crossover Ventures
Other Financing Round (2015): $71.5M with participation from Technology Crossover Ventures, Coatue Management, and Vulcan Capital Management
Key Investors in Avvo
Benchmark Capital
A premier venture capital firm known for its early-stage investments in transformative technology companies and its focus on long-term partnership with founders.
Coatue Management
An employee-owned hedge fund sponsor that manages significant capital across public and private equity markets, with a strong emphasis on technology-driven growth.
Technology Crossover Ventures
A specialized investment firm that focuses on providing growth capital, recapitalization, and strategic support for companies navigating complex market transitions.
What's next for Avvo?
With the support of major institutional backers, Avvo is well-positioned to further refine its algorithmic rating systems and expand its market reach. The recent influx of capital suggests a strategic pivot toward deepening its enterprise-level service offerings and potentially integrating advanced AI-driven matching capabilities. As the legal industry continues its digital transformation, Avvo's focus will likely remain on maintaining its competitive moat through high-fidelity data aggregation and user-centric product development, ensuring it remains the primary destination for legal discovery and professional vetting.
See full Avvo company page
