Avvo, Inc., a Seattle, WA-based web legal marketplace, Q&A forum and directory, closed $37.5m in financing.
The round was led by Coatue Management, with participation from Benchmark Capital, Ignition Partners and DAG Ventures.
The company, which has now raised $60.5m, intends to use the funds to accelerate product development and marketing, and expand internationally.
Founded in 2007 by Mark Britton, CEO, Avvo, is a legal marketplace for consumers and attorneys. It offers:
– a Q&A forum, where consumers can get free legal advice 24/7 from more than 160,000 participating lawyers,
– a directory that provides comprehensive profiles, client reviews, peer endorsements and Avvo Rating for (more than 97 percent of all) lawyers in the U.S., and
– Avvo Ignite, a cloud-based marketing platform and website solution designed specifically for attorneys.