Everlaw Bags $202m, Values at $2bn+

Everlaw, the cloud-native investigation and litigation platform, has announced a $202m Series D funding, bringing the company to an overall valuation of over $2 billion after a year of 80% YoY growth, the company said.

TPG Growth led the round with additional participation from H.I.G. Growth Partners and existing investors CapitalG, Menlo Ventures, Andreessen Horowitz and K9 Ventures.

Mike Zappert, a TPG partner, will join Everlaw’s board of directors.

Everlaw is used by 91 of the Am Law 200, the company added in a statement.

Everlaw CEO and Founder AJ Shankar, said: ‘We’re proud of what we’ve accomplished, but we’re not resting on our laurels. This investment is part of a thoughtful and well-paced strategy for global growth, enabling us to support our customers, people and programs, including go-to-market efforts, channel partnerships and product innovation.’

While TPG’s Zappert, added: ‘Everlaw’s best-of-breed cloud product and intuitive design is making the law more accessible and affordable for teams across the legal and regulatory spaces.

‘The ediscovery market and the legal industry writ large are undergoing a rapid digital transformation that has only been accelerated in the past few years. Everlaw is the vanguard of that transition. We are excited to partner with AJ and the team in their mission to continue to modernise the legal field and make it faster and easier for lawyers, paralegals, litigation support teams, journalists and investigators to get the information that they need.’