How Much Did Smokeball Raise?
Funding & Key Investors

Smokeball has solidified its position in the legal technology sector by securing a total capital infusion of $30.4M. This trajectory of financial backing, highlighted by a recent strategic investment of $30M, underscores the firm's growing influence in the legal practice management software market. By leveraging these resources, the company continues to refine its automated time-tracking capabilities, setting a new standard for operational efficiency within law firms globally.

What is Smokeball?

Smokeball
SoftwareLegal Solutions

Smokeball operates as a premier cloud-based legal practice management platform, distinguished by its proprietary automated time-recording technology. By eliminating the manual burden of logging billable hours, the software empowers legal professionals to maximize both profitability and productivity. The platform serves as a critical infrastructure component for modern law firms, integrating seamlessly into daily workflows to ensure that every minute of billable activity is captured accurately. As the legal industry undergoes a digital transformation, Smokeball remains at the forefront, providing the essential tools required for firms to scale their operations while maintaining high levels of client service and internal accountability.

How much funding has Smokeball raised?

Smokeball has raised a total of $30.4M across 2 funding rounds:

2020

Debt

$350K

2021

Unspecified

$30M

Debt (2020): $350K with participation from PPP

Unspecified (2021): $30M, investors not publicly disclosed

Key Investors in Smokeball

PPP

Public-Private Partnership

Undisclosed Investor

A strategic partner participating in the latest funding round to bolster the company's long-term market expansion and product innovation.

What's next for Smokeball?

With the recent influx of capital, Smokeball is well-positioned to accelerate its enterprise-level expansion and product development roadmap. The company is expected to focus on deepening its integration ecosystem, enhancing its data analytics capabilities, and expanding its market share among mid-to-large scale legal practices. By prioritizing innovation in automated workflows, Smokeball aims to further reduce the administrative overhead that traditionally hampers legal firm growth. Future strategic initiatives will likely involve scaling its cloud infrastructure to support a broader international user base, ensuring that the platform remains the definitive choice for firms seeking to optimize their financial performance through advanced technology.

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Frequently Asked Questions Regarding Smokeball Financial Insights

What are the most recent funding rounds that Smokeball has completed, and what were the funding rounds?
Smokeball has recently completed 2 funding rounds: Unspecified on Sep 30, 2021, Debt on May 3, 2020.
What is the total amount of funding Smokeball has raised to date?
Smokeball has raised a total of $30.4M in funding to date.
How many funding rounds has Smokeball completed?
Smokeball has completed 2 funding rounds.
How much funding did Smokeball raise in its most recent funding round?
Smokeball raised $30M in its most recent funding round.
Which was the largest funding round in Smokeball's history?
The largest funding round in Smokeball's history was $30M.
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