What is PERSUIT?
Founded in 2016, PERSUIT operates as a specialized Software-as-a-Service provider dedicated to transforming how legal departments manage outside counsel. The company provides a sophisticated platform that streamlines the request-for-proposal process, enabling corporate legal teams to drive transparency, efficiency, and cost-effectiveness in their external legal spend. By digitizing complex procurement workflows, PERSUIT addresses a critical pain point for large-scale enterprises, positioning itself as an essential tool for modern legal operations teams looking to optimize their vendor management strategies.
How much funding has PERSUIT raised?
PERSUIT has raised a total of $20M across 1 funding round:
Series A
$20M
Series A (2021): $20M with participation from OpenView Partners
Key Investors in PERSUIT
OpenView Partners
Founded in 2006, OpenView Venture Partners is a Boston-based firm that specializes in providing expansion-stage capital to B2B software companies, with a portfolio that includes notable names like Calendly and Deputy.
Undisclosed Investor
Undisclosed investor participating in the funding round.
Undisclosed Investor
Undisclosed investor participating in the funding round.
What's next for PERSUIT?
With the successful closure of this major enterprise-level funding round, PERSUIT is poised to scale its operations significantly. The strategic focus will likely center on enhancing its platform capabilities to support more complex legal procurement needs and expanding its client base among Fortune 500 companies. As the legal tech industry continues to undergo digital transformation, PERSUIT's ability to provide data-driven insights into legal spend will be a key differentiator. The company is expected to prioritize talent acquisition and infrastructure scaling to maintain its competitive edge in the evolving legal technology market.
See full PERSUIT company page
