What is Litify?
Founded in 2016 and based in Brooklyn, New York, Litify offers a comprehensive technology platform designed to streamline operations for law firms. Its core offerings include Litify Matters, a robust system for managing various business matters, and Litify Intakes, a tool that efficiently converts qualified leads and referral sources into clients. The company's solutions are engineered to enhance productivity, client acquisition, and overall business management within the legal sector, positioning it as a key player in legal tech innovation.
How much funding has Litify raised?
Litify has raised a total of $132.5M across 4 funding rounds:
Private Equity
$5M
Unspecified
$2.5M
Series A
$50M
Debt
$75M
Private Equity (2017): $5M with participation from Fortress Investment Group LLC
Unspecified (2018): $2.5M led by Esquire Bank
Series A (2019): $50M supported by TriplePoint Venture Growth BDC
Debt (2023): $75M featuring MidCap Financial
Key Investors in Litify
TriplePoint Venture Growth BDC
TriplePoint Venture Growth BDC is a specialized lender focused on providing financing to venture growth stage companies, often backed by venture capital firms, with an objective to maximize total return through current income and capital appreciation.
MidCap Financial
MidCap Financial specializes in tailoring flexible and efficient financing solutions, demonstrating a commitment to quickly addressing and supporting business opportunities.
Fortress Investment Group LLC
Fortress Investment Group LLC is a global investment management firm with expertise in control-oriented investments across financial services, transportation, infrastructure, real estate, and telecommunications, employing value-based strategies.
What's next for Litify?
The recent major strategic investment signals Litify's readiness for accelerated scaling and further platform development. This capital infusion is expected to fuel expansion into new markets, enhance its technological infrastructure, and potentially support strategic acquisitions. As Litify continues to mature, its focus will likely remain on deepening its integration within the legal ecosystem and providing advanced solutions that address the evolving needs of law firms, solidifying its role as a leader in legal technology.
See full Litify company page
