The legal research company Casetext has raised $25 million in a Series C funding round, bringing its total amount raised to $64.3 million since its founding in 2013.
Although the company has not publicly announced the funding, it filed a notification with the Securities and Exchange Commission on Jan. 7, 2022, documenting the raise of $25 million in equity financing.
I reached out to Jake Heller, Casetext’s cofounder and CEO, who confirmed the raise and provided additional details.
The round was led by BuildGroup, and all other previous significant investors in the company participated, including Union Square Ventures, Canvas Ventures, Y Combinator, and Touchdown Ventures. Marks Baughan Securities LLC served as the exclusive financial advisor to Casetext.
“I am extraordinarily excited to work with BuildGroup, and specifically Jim Curry who is joining the board,” Heller said. “We were fortunate enough to have options on who to work with for this raise, and we were