Finding the right investor for your legal tech startup can feel like a huge challenge. But more venture capital firms than ever are looking for promising companies in this space.
Firms like Insight Partners have backed over 1,200 companies, while Draper Associates has made more than 400 investments. These investors are actively funding the next generation of legal tools.
Below is our list of the best 16 Legal VC firms.
Failory's Top 10 Picks
Insight Partners backs growth-stage software and technology companies across sectors like Fintech, Cybersecurity, and AI. Beyond capital, they provide hands-on operational support to help founders scale, with a portfolio that includes well-known companies like Shopify, Twitter, and DocuSign.
| Headquarters | New York, New York, United States |
| Year Founded | 1995 |
| Founders | Jeff Horing, Jerry Murdock |
| Total Funding | $46.1B |
| Average Check Size | $20M |
| Industries | Crypto & Blockchain, Cybersecurity, Devops, E-Commerce, Education, Fintech, Government Technology, Healthcare, Supply Chain & Logistics, Proptech & Real Estate, Future of Work, AI & ML, API, Food & Beverage, Marketplace, Legal, Infrastructure |
| Investment Stage | Convertible Note, Debt, Early Stage, Late Stage, Private Equity, Seed, Series A, Growth |
| Nº of Investments | 1209 (786 as Lead Investor) |
| Nº of Exits | 263 (53 IPO'd) |
| Top Portfolio Startups | Twitter, Docusign, Shopify |
| Contact | growth@insightpartners.com / 212-230-9200 |
Draper Associates provides early-stage funding to visionary founders building revolutionary companies across a wide range of sectors. With early investments in companies like Tesla, SpaceX, and Coinbase, they have a track record of helping build businesses that redefine their markets.
| Headquarters | San Mateo, California, United States |
| Year Founded | 2015 |
| Founders | Tim Draper |
| Total Funding | $230M |
| Industries | Government Technology, Life Sciences, Biotech, Food & Beverage, Crypto & Blockchain, Education, Energy, Fintech, Healthcare, Mobility, Legal, Aerospace & Space |
| Investment Stage | Crowdfunding, Early Stage, Non Equity Assistance, Private Equity, Seed |
| Nº of Investments | 436 (123 as Lead Investor) |
| Nº of Exits | 73 (7 IPO'd) |
| Top Portfolio Startups | Phantom Neuro, UnumID, sHMOODY |
| Contact | plans@draper.vc |
3. Canary
Canary provides early-stage funding to founders across Latin America in industries from Fintech and SaaS to Healthcare. Drawing on their own experience as successful entrepreneurs, the partners offer hands-on support to portfolio companies like Docket, Trybe, and Gupy.
| Headquarters | São Paulo, Sao Paulo, Brazil |
| Year Founded | 2016 |
| Founders | Florian Hagenbuch, Julio Vasconcellos, Marcos de Toledo Leite, Mate Pencz, Patrick de Picciotto |
| Total Funding | $3B |
| Average Check Size | $15M |
| Industries | Education, Fintech, Entertainment, Healthcare, Marketplace, Proptech & Real Estate, SaaS, InsurTech, Transportation, Legal, Agriculture, Marketing, Human Resources |
| Investment Stage | Early Stage, Late Stage, Seed, Series A |
| Nº of Investments | 238 (111 as Lead Investor) |
| Nº of Exits | 16 |
| Top Portfolio Startups | Docket, Trybe, Gupy |
| Contact | info@canary.com.br |
Frontline Ventures helps globally ambitious B2B companies expand across the Atlantic. Through its seed fund for European startups and a growth fund for US-Europe expansion, the firm has backed companies like Lattice and Qualio.
| Headquarters | London, England, United Kingdom |
| Year Founded | 2012 |
| Founders | Shay Garvey, Will Prendergast |
| Total Funding | $83.8M |
| Average Check Size | $2.5M |
| Industries | AI & ML, SaaS, Automation, Creator Economy, Crypto & Blockchain, Cybersecurity, Legal, Marketing |
| Investment Stage | Early Stage, Late Stage, Seed |
| Nº of Investments | 177 (72 as Lead Investor) |
| Nº of Exits | 26 (1 IPO'd) |
| Top Portfolio Startups | Lattice, Qualio, Evervault |
| Contact | info@frontline.vc / (503) 574-2767 |
Icebreaker.vc backs early-stage tech startups in the Nordics and Baltics, specifically targeting founding teams with extensive industry experience. Through initial investments up to €800k and a community of thousands of tech professionals, they help portfolio companies like HoxHunt and Logmore establish a strong market position.
| Headquarters | Helsinki, Southern Finland, Finland |
| Year Founded | 2017 |
| Founders | Aleksi Partanen, Lasse Lehtinen, Riku Seppälä, Teddie Wardi |
| Total Funding | €126M |
| Average Check Size | €800k |
| Industries | Cybersecurity, IoT, Travel & Hospitality, Advertising, AI & ML, Big Data & Analytics, Proptech & Real Estate, AR & VR, Automation, Developer Tools, Media, Entertainment, Automotive, Energy, Human Resources, Legal, SaaS, Hardware, E-Commerce, Education |
| Investment Stage | Convertible Note, Early Stage, Seed, Pre-Seed |
| Nº of Investments | 126 (71 as Lead Investor) |
| Nº of Exits | 4 |
| Top Portfolio Startups | HoxHunt, Logmore, Flowhaven |
| Contact | info@icebreaker.vc |
As one of Europe's most experienced venture investors, Earlybird Venture Capital funds technology companies across all development and growth phases. Beyond capital, they offer strategic support and access to an international network, helping build companies like the digital bank N26.
| Headquarters | Berlin, Berlin, Germany |
| Year Founded | 1997 |
| Founders | Benjamin Wilkening, Cem Sertoglu, Christian Nagel, Hendrik Brandis, Roland Manger, Rolf Mathies |
| Total Funding | €2B |
| Average Check Size | €15M |
| Industries | Biotech, Crypto & Blockchain, Cybersecurity, E-Commerce, Education, Enterprise, Productivity, Fintech, Gaming, IoT, Healthcare, Supply Chain & Logistics, AI & ML, Marketplace, Media, Proptech & Real Estate, Travel & Hospitality, DTC, Robotics, Transportation, Legal, SaaS |
| Investment Stage | Convertible Note, Debt, Early Stage, Late Stage, Private Equity, Seed |
| Nº of Investments | 318 (128 as Lead Investor) |
| Nº of Exits | 53 (7 IPO'd) |
| Top Portfolio Startups | Aiven, Lexoo, N26 |
| Contact | +49 30 4672 4700 |
Day One Ventures invests in customer-obsessed companies at the pre-seed and seed stages, uniquely pairing its capital with in-house communications and PR support. Their hands-on approach has helped launch and grow companies like Superhuman, Worldcoin, and DoNotPay by building their public profiles from day one.
| Headquarters | San Francisco, California, United States |
| Year Founded | 2018 |
| Founders | Masha Bucher |
| Total Funding | $72.6M |
| Average Check Size | $5M |
| Industries | Crypto & Blockchain, Food & Beverage, Productivity, Legal, Human Resources |
| Investment Stage | Early Stage, Seed, Pre-Seed, Series A |
| Nº of Investments | 116 (4 as Lead Investor) |
| Nº of Exits | 16 |
| Top Portfolio Startups | You.xom, Continuum Technology, Vibrant Planet |
| Contact | hello@dayoneventures.com / +1 (540) 443-9147 |
8. M25
M25 backs early-stage tech startups across the Midwest, establishing itself as one of the most active venture firms in the region. Its objective, analytical model helps build a large portfolio across many industries, making it a key connector in the Midwest's growing tech scene.
| Headquarters | Chicago, Illinois, United States |
| Year Founded | 2015 |
| Founders | Victor Gutwein |
| Total Funding | $32M |
| Average Check Size | $3M |
| Industries | Big Data & Analytics, IoT, Consumer, E-Commerce, Education, Legal, Enterprise, Entertainment, Media, Sports, Fintech, Food & Beverage, Healthcare, Hardware, Marketing, Proptech & Real Estate, Transportation, Supply Chain & Logistics |
| Investment Stage | Early Stage, Seed, Pre-Seed |
| Nº of Investments | 178 (27 as Lead Investor) |
| Nº of Exits | 27 |
| Top Portfolio Startups | OpenFinance Network, Petronics, Pactsafe |
| Contact | victor@m25vc.com / (219) 819-2002 |
9. Samaipata
Samaipata backs early-stage European founders building digital platforms with network effects. As a fund created by successful entrepreneurs, they provide both seed capital and operational guidance to help create the next unicorns across the continent.
| Headquarters | Madrid, Madrid, Spain |
| Year Founded | 2016 |
| Founders | Eduardo Díez-Hochleitner, José del Barrio |
| Total Funding | €200M |
| Average Check Size | €750k |
| Industries | Marketplace, E-Commerce, DTC, Consumer, Human Resources, Legal, Food & Beverage, SaaS, Enterprise |
| Investment Stage | Early Stage, Seed, Pre-Seed, Series A |
| Nº of Investments | 71 (32 as Lead Investor) |
| Nº of Exits | 5 |
| Top Portfolio Startups | Geomiq, Karmen, Fintecture |
10. byFounders
byFounders is an early-stage venture fund that channels capital into tech startups across the Nordics and Baltics. It operates as a collective of the region's most accomplished entrepreneurs, who invest in and guide the next generation of globally ambitious founders.
| Headquarters | Copenhagen, Hovedstaden, Denmark |
| Year Founded | 2017 |
| Founders | Eric Lagier, Tommy Andersen |
| Total Funding | €100M |
| Average Check Size | €4M |
| Industries | Crypto & Blockchain, Healthcare, Food & Beverage, InsurTech, Gaming, Proptech & Real Estate, IoT, Climate & Sustainability, Fintech, Travel & Hospitality, SaaS, Legal, Marketing |
| Investment Stage | Early Stage, Seed, Pre-Seed, Series A |
| Nº of Investments | 86 (43 as Lead Investor) |
| Nº of Exits | 8 |
| Top Portfolio Startups | Vibrant, Qvin, Smitten |
6 Additional Legal VC Firms Worth Pitching
Our top picks are just one part of the growing support for legal tech. Many other investors across the globe are backing founders who are changing the industry.
Together, the firms below have funded over 700 startups and guided more than 100 to an exit. Here’s a look at the other venture capital firms funding what's next in legal tech.
| VC Firm | Country | Year Founded | Nº Investments | Nº Exits |
|---|---|---|---|---|
 MONASHEES | Brazil | 2005 | 293 | 44 |
 Force Over Mass Capital | United Kingdom | 2013 | 168 | 18 |
 Chicago Ventures | United States | 2012 | 170 | 34 |
 AddVenture | Cyprus | 2008 | 53 | 5 |
 Cleo Capital | United States | 2018 | 28 | 6 |
 BCF Ventures | Canada | 2018 | 15 | 3 |
