Everlaw Reels In $202 Million

<p><span class&equals;"xn-location"><strong>OAKLAND<&sol;strong> <&sol;span>&&num;8212&semi; <a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;3343152-1&amp&semi;h&equals;3710453560&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;everlaw&period;com&percnt;2F&amp&semi;a&equals;Everlaw" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Everlaw<&sol;a>&comma; a developer of a cloud-based legal platform for investigation and litigation&comma; has reeled in <span class&equals;"xn-money">&dollar;202 million<&sol;span> in Series D funding&comma; bringing the company to an overall valuation of over <span class&equals;"xn-money">&dollar;2 billion<&sol;span>&period; TPG Growth led the round with additional participation from H&period;I&period;G&period; Growth Partners and existing investors CapitalG&comma; Menlo Ventures&comma; Andreessen Horowitz and K9 Ventures&period; <span class&equals;"xn-person">Mike Zappert<&sol;span>&comma; a TPG partner&comma; will join Everlaw&&num;8217&semi;s board of directors&period;<&sol;p>&NewLine;<p>Everlaw is used by 91 of the Am Law 200&comma; as well as the attorneys general in all 50 U&period;S&period; states&period; Total cases on Everlaw&&num;8217&semi;s platform have more than doubled since the company&&num;8217&semi;s Series C fundraise in <span class&equals;"xn-chron">March 2020<&sol;span> as the company signed significant new contracts with corporations&comma; law firms and government agencies&period; New customer contracts include the Colorado State Attorney General and corporations like Lime&comma; Snowflake and Coca-Cola Europe&period; During that same period&comma; Everlaw saw case volumes grow more than 4x at Am Law 100 firms&period;<&sol;p>&NewLine;<p>Everlaw also continues to recognize the legal industry&&num;8217&semi;s top priority&colon; protecting client data&period; Earlier this year&comma; the company became one of the first ediscovery platforms to achieve FedRAMP moderate certification delivered on Amazon Web Services GovCloud &lpar;U&period;S&period;&rpar;&comma; with sponsorship from the U&period;S&period; Department of Justice — paving the way for U&period;S&period; government agencies to move ediscovery to Everlaw&&num;8217&semi;s highly secure cloud environment&period;<&sol;p>&NewLine;<p>&&num;8220&semi;The legal industry has undergone a decade&&num;8217&semi;s worth of technological change in just 18 months&period; Legal professionals need tools that can keep up with the pace of change without sacrificing security&comma;&&num;8221&semi; said Everlaw CEO and Founder <span class&equals;"xn-person">AJ Shankar<&sol;span>&period; &&num;8220&semi;We&&num;8217&semi;re proud of what we&&num;8217&semi;ve accomplished&comma; but we&&num;8217&semi;re not resting on our laurels&period; This investment is part of a thoughtful and well-paced strategy for global growth&comma; enabling us to support our customers&comma; people and programs&comma; including go-to-market efforts&comma; channel partnerships and product innovation&period;&&num;8221&semi;<&sol;p>&NewLine;<p>In a market <a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;3343152-1&amp&semi;h&equals;2907442251&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;marketsandmarkets&period;com&percnt;2FPressReleases&percnt;2Fe-discovery&period;asp&amp&semi;a&equals;expected" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">expected<&sol;a> to reach almost <span class&equals;"xn-money">&dollar;13 billion<&sol;span> by 2025&comma; Everlaw is leading innovation by meeting legal teams where their needs are&period; Just this year&comma; Everlaw launched Storybuilder by Everlaw&comma; the industry&&num;8217&semi;s first no-cost case preparation software&comma; delivering a fully collaborative environment in which to build case strategy&period; Other innovations include Slack and Microsoft Office 365 connectors&comma; which allow for rapid ingestion and review of data on those platforms&comma; and a <a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;3343152-1&amp&semi;h&equals;145301399&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;everlaw&period;com&percnt;2Flegal-holds&percnt;2F&amp&semi;a&equals;legal&plus;holds" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">legal holds<&sol;a> solution to assist with defensible preservation of evidence&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Everlaw is the ediscovery market leader&comma; but ediscovery is only the beginning&comma;&&num;8221&semi; said TPG&&num;8217&semi;s Zappert&period; &&num;8220&semi;Everlaw&&num;8217&semi;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&period; 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&period; Everlaw is the vanguard of that transition&period; We are excited to partner with AJ and the team in their mission to continue to modernize the legal field and make it faster and easier for lawyers&comma; paralegals&comma; litigation support teams&comma; journalists and investigators to get the information that they need&period;&&num;8221&semi;<&sol;p>&NewLine;