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 engineered to convert qualified leads and referral sources into paying clients. The company's solutions aim to enhance efficiency, client acquisition, and overall business management within the legal industry, positioning it as a key player in legal technology.
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
Fortress Investment Group LLC
Fortress Investment Group is a global investment management firm specializing in a diverse range of financial services, including hedge funds, real estate funds, and private equity funds. They focus on control-oriented investments in cash flow generating businesses across various sectors.
TriplePoint Venture Growth BDC
TriplePoint Venture Growth BDC focuses on expanding the venture growth stage business segment by providing financing to technology, life sciences, and other high-growth companies backed by venture capital firms.
MidCap Financial
MidCap Financial offers tailored and flexible financing solutions, aiming to provide quick and efficient funding for businesses. They specialize in solving opportunities with a focus on getting financing right for their clients.
What's next for Litify?
The recent major strategic investment signals a pivotal phase for Litify, likely enabling accelerated product development, market expansion, and enhanced customer support. As a company that has consistently attracted significant capital, Litify is poised to further solidify its leadership in the legal technology space. Future initiatives may include expanding its service offerings, forging new strategic partnerships, and potentially exploring international markets to cater to a broader client base. The company's focus on providing integrated solutions for law firms suggests a continued commitment to innovation and client success.
See full Litify company page
