SaaS-based legal tech platform Legistify has raised $4 million in its Series-A. The round saw participation from existing investors like Indiamart, Titan VC, and GSF, along with US-based Cathexis Ventures, Justin Hamilton, Java Capital and Japan-based Enrission group. With this, Legistify’s cumulative funding to date becomes more than $5 million across angel, pre-Series A and Series-A funding rounds. 

“The investors’ support and guidance propels us towards the mission of empowering our customers while adding significant value to our country’s economic growth. These resources will help us in extending our innovative legal operations solutions to new markets, along with helping companies leverage our technology to make effective decisions. This funding not only accelerates our growth but allows us to make a meaningful impact in making justice fast, reliable and accessible to all,” said Akshat Singhal, founder and CEO of Legistify. 

The fund will be used for international business expansion and strengthen the customer base in the country's product enrichment and innovation, said the company in a statement. 

The primary beneficiary of this additional capital would be the recently launched LegisTrak 2.0, Legistify’s flagship platform, comprehensive software to simplify legal operations for enterprises. It helps companies leverage their SAAS to streamline contract management, centralise matter management, and enforce IP protection effectively. One of the key USPs of the platform is the usage of artificial intelligence to help companies make informed decisions and boost ROI, it added. 

Legistify is working with over 300 enterprise customers like ICICI Lombard, Whirlpool, IDBI Bank, Coca-Cola, Dabur, Decathlon, and TTK Prestige to name a few. With early success and quick adoption along with funds to further enhance the marketing of its flagship platform, the company has global ambitions for LegisTrak 2.0–a Make in India product Made for the World. And thereby hangs a $ 36 billion global business opportunity.

Aiming to achieve cash flow positivity by 2024 and has already provided a substantial exit to early investors. It has raised over $5 million to date - via Angel, Pre-Series A, and series-A funding rounds, on-boarding marquee investors viz. Y Combinator (World’s most prestigious startup accelerator); Cathexis Ventures (Global VC fund); Titan Capital (Personal fund of Snapdeal founders); Indiamart (led by Founder Dinesh Aggarwal) and GSF Group (Rajesh Sawhney, Roshan Abbas, Pras Hanuma, Murugavel Janakiraman, Sin Growth, Java capital, etc.).