ECFX has raised $7m from a number of investors including Growth Street Partners, which today (21 June) announced a minority investment in ECFX. ECFX provides electronic court notice management for law firms and corporate legal teams. The LegalTech Fund, a leading investor in innovative legal technology companies, also participated in the round, as did Cove Fund and other existing investors. ECFX will use the $7M investment to expand its platform and further its leadership position in a rapidly adopting market.
ECFX was founded in 2019 by Dan O’Day and Nelson Quintero, both lawyers and each with 25+ years of experience in the legal and legal technology industries. Many litigation firms still process notices manually, leading to increased risk and higher costs. Research has shown that over 50% of law firms report missing court notices. ECFX’s platform solves this, as well as minimizes non-billable hours that docketing teams, legal assistants, paralegals, and lawyers spend manually downloading, profiling, and distributing information from ECF notices from state and federal courts. Any firm can calculate their potential savings using ECFX’s ROI calculator.
ECFX clients include several Am Law 100 firms, such as DLA Piper LLP (US), Dentons US LLP, Cooley LLP, and Cole Scott & Kissane, P.A., which alone has processed 200,000 unique documents through ECFX this year.
“We are on a mission to help law firms reduce risk and increase efficiency,” said Dan O’Day, CEO and Co-Founder of ECFX. “Partnering with Growth Street positions us to continue building out our team, investing in our industry leading product, and further expanding our leadership position in this growing category.”