New York, NY: CloudLex, Inc. is pleased to announce that it has closed $3.7 Million in its Series A financing round. The funds are for the launch of the company’s revolutionary Legal Cloud™, a complete cloud-based technology solution exclusively designed for the US Civil Litigation Industry. The Series A round is led by Aligned Partners.
“CloudLex® is the first legal technology-focused practice management system exclusively on the civil litigation space,” said Dev Shrotri, Founder & CEO of CloudLex. “After several years working in the industry, our lawyer-led team noted a continuous complaint — the lack of innovative and user-friendly technology for trial lawyers. For years, the only solutions available for their law practices were either antiquated legacy systems or cloud technologies with a one-size-fits-all approach. So we used our legal industry insider knowledge and experiences, in collaboration with civil litigation law firms, to create CloudLex.”
Founded in March 2015, CloudLex® has already become a market leader. Each day, more and more trial lawyers are choosing CloudLex® to manage thousands of matters, client data and over a million records.
About CloudLex, Inc.
New York City based CloudLex® is pioneering the creation and definition of the Legal Cloud ™ with its innovative approach to SaaS services for litigation-focused law firms throughout the United States. It's revolutionary, eponymous Legal Cloud ™ platform lets trial lawyers operate, manage, communicate and collaborate - anytime, anywhere and on any screen. CloudLex® is designed by experienced attorneys, industry professionals, and expert engineers, with significant experience mapping, managing, and processing litigation matters.
For more information about CloudLex ™, please contact:
Michael Abdan, Esq.
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.
To learn more about Aligned Partners, visit www.alignedvc.com.