LegalZoom operates an online legal filing service focused on small businesses and families. The company provides digital legal document preparation and filing services. In October 2018 LegalZoom named David Yuan, a General Partner at Technology Crossover Ventures (TCV), to its board of directors. The board appointment was made as part of an investment by TCV. The article states that details of TCV's investment were not announced. No revenue, user, or other financial metrics were disclosed in the article. LegalZoom is the leading provider of online legal solutions for small businesses and families. The company operates a technology-enabled platform combining self-service and attorney-supported services to help customers form businesses, manage legal needs, and protect personal matters. LegalZoom is expanding its product offerings, launching new services, entering new channels and territories, and has expanded into the United Kingdom. Management says the business has healthy profitability and accelerating revenue growth, and revenue has doubled since Permira's 2014 investment. Subscriptions now account for more than 50% of U.S. revenue and the company has over 1,200 employees. LegalZoom reports more than ten times greater brand awareness than online or offline competitors. LegalZoom provides online legal documents, legal plans and access to attorneys for families and small businesses and has helped over two million Americans. Founded 14 years ago, the company has offices in Austin, TX; Glendale and Mountain View, CA; and London, UK. LegalZoom historically funded growth from a $1 million angel round and internal operating cash flow, and in February 2014 a Permira funds investment of more than $200 million made Permira its largest shareholder. The company is expanding product offerings and geographic reach in the U.S. and abroad. The business sought external financing to support a stock purchase, a dividend payment and continued growth initiatives. LegalZoom provides an online platform for customers to draft and file common legal documents, aiming to democratize access to basic legal services. The company’s offerings include tools for wills, business incorporation, trademark filings and real estate leases. LegalZoom has attracted significant marketing investment, including television advertising, to broaden its customer base. The company is profitable and reports north of $100 million in revenue, and it has helped nearly 2 million customers create legal documents. Founders include Brian Lee, Eddie Hartman, and Brian Liu, and John Suh serves as CEO. Management says an IPO is on the horizon but the company is in no rush to go public.

Total raised

$737M

Funding rounds

4

Latest round

Equity

Latest activity

Jul 2018