Shake, a New York-based mobile-focused legal startup, raised $3m in Series A financing.
The round was led by SoftBank Capital with participation from existing investor RRE Ventures and new investors BoxGroup, ENIAC Ventures, Mesa+, WGI Group and Patrick Keane. In conjunction with the funding, Jordy Levy, SoftBank Managing Partner, will join Shake’s board.
The company intends to use the funds to to expand its team, launch web and Android versions of the product, and introduce premium services and features for the enterprise.
Founded in 2012 by Abe Geiger (CEO, Shake), Stuart Ellman (Managing Partner, RRE), Jon Steinberg (President and COO, BuzzFeed), and Jared Grusd (General Counsel and Head of Corporate Development, Spotify), Shake provides an iOS app that allows consumers to create and sign their own basic legal agreements in simple language. It offers a number of templates for different contracting needs, such as freelance/consulting work agreements, non-disclosure agreements, and personal loans.
FinSMEs
20/11/2013