ECFX, a business that automates the downloading and distribution of filings in government and state lawsuit, has taken a $7 million minority growth financial investment led by Development Road Allies, with added participation from The LegalTech Fund, which focuses on investing in innovative legal modern technology business, Cove Fund, and other existing investors.
The company stated it will make use of the financial investment to broaden its platform and also further its sales and also marketing.
ECFX was founded in 2019 by Dan O’Day, a legal representative and experienced lawful tech executive who formerly worked for American LegalNet and Thomson Reuters, and also Nelson Quintero, a long time patent attorney.
Read more concerning ECFX on the LawNext Legal Modern Technology Directory.
The firm said that its clients include law practice of all dimensions, consisting of numerous Am Regulation 100 firms, such as DLA Piper LLP (United States), Dentons US LLP, Cooley LLP, and Cole Scott & Kissane.
” We are on a mission to aid law firms decrease danger as well as boost efficiency,” O’Day, the company’s CEO, stated in a statement.
Cofounder Quintero said, “Partnering with Development Road positions us to continue building out our group, buying our sector leading product, and also even more increasing our leadership setting in this expanding classification.”
Development Road cofounders Nate Grossman and Steve Wolfe mentioned the expanding demand for technology to manage court notices. “ECF notifications are proliferating as court systems throughout the nation continue to go electronic, and law office are wasting time and also money manually refining these notifications,” they stated in a statement.
[Disclosure: I am on the board of advisors of PacerPro, a firm that takes on ECFX.]