New York, NY - CloudLex, innovator of the legal cloud ®, has raised $4 million in additional funding for its state-of-the-art cloud-based personal injury law firm platform. This latest infusion of capital, led by principal investor Aligned Partners with participation from additional investors including Axis Capital Partners, brings CloudLex’s total funding to $7.7 million. CloudLex plans to use this investment to further develop groundbreaking personal injury products and bring those offerings to plaintiff law firms across the country through its national sales and marketing strategy.
This announcement comes on the heels of CloudLex’s nationwide release of its next-generation Legal Cloud®, designed exclusively to help plaintiff personal injury law firms build, manage, and grow their legal practice. Already an overwhelming success — with users across 15 jurisdictions hosting over 5 million legal records in the last month alone — CloudLex will continue to be at the forefront of technological innovation in the personal injury law firm space.
“We are very excited to further our relationships with our investors and expand the scope of our revolutionary Legal Cloud,” said CloudLex CEO & Founder, Dev Shrotri. “As the leader in personal injury cloud technology for law firms, we intimately understand the distinct needs of personal injury law firms and are continuously striving to make our users more productive and efficient. Looking ahead, our users can anticipate more transformations that will further advance this goal.”
"We are thrilled to support CloudLex’s innovative products and huge growth potential,” said Jodi Sherman Jahic, Managing Partner of Aligned Partners. “We look forward to continuing to work with Dev and his team as they fully realize their vision for the Legal Cloud.”
About Aligned Partners
Aligned Partners is a venture firm dedicated to the idea that the interests of founders and investors can and should be aligned. Since 2011, the veteran team at Aligned Partners has been enabling capital-efficient companies in the B2B sector start lean and stay lean throughout their growth cycles, with better outcomes for founders and investors alike. As hands-on early-stage investors, Aligned Partners is the bellwether for a new breed of venture capital investment leveraging resourcefulness and alignment. The firm manages nearly $80 million across two funds.
About Axis Capital Partners
Axis Capital Partners is an investor in companies seeking growth capital. Axis adopts a long-term partnership approach with the objective of supporting companies through the late-seed stage to profitability and beyond.