Bessemer Venture Partners has acquired a majority stake in 2016-founded, Salesforce-based practice, case and legal business operations management platform Litify, which we’re told has now achieved profitability.
Bessemer’s previous legal technology investments include Clio ($20m Series C in 2014); Disco (BVP participated in all of its rounds pre-float); and Anaqua ($25m in 2013.) Bessemer has a long history of investing in software companies including Procore, ServiceTitan, Shopify, Toast, nCino, and Vlocity.
Bessemer partner Brian Feinstein will serve as chairman of Litify’s board of directors. He led the investment in Clio and brings 15 years of business and vertical SaaS expertise to the company’s strategies and operations.
“Litify stands out as the legal technology player that is uniquely positioned to transform legal business operations at its core,” Feinstein said. “I’m excited to lend my expertise to Litify customers at a time when demands on legal service providers are increasing.”
Founded by John Morgan and Reuven Moskowitz, Litify has over the past six years grown to service over 45,000 legal professionals globally, including clients such as Salesforce itself, and Morgan & Morgan, America’s largest injury law firm. As Legal IT Insider revealed exclusively last year, leading US defence litigation firm Cole Scott & Kissane settled on Litify as its legal case management system, in one of the biggest technology investments ever made by the progressive Florida-headquartered firm
“We are grateful for this exciting milestone and thrilled to see our company take this exciting next step with Bessemer,” said Litify Founders John Morgan and Reuven Moskowitz. “We are thankful to our investors, incredibly proud of our team, and we are looking forward to Brian’s leadership as we accelerate Litify’s growth.”
See also:
Exclusive: Cole Scott & Kissane selects Litify for case management