Avvo Inc., a Seattle, WA-based online legal marketplace connecting consumers and lawyers, raised $71.5m in financing.
The round was led by Technology Crossover Ventures (TCV), with participation from Vulcan Capital and Coatue, an existing investor. In conjunction with the funding, Jay Hoag, founding general partner of TCV, will join Avvo’s Board of Directors.
The company, which has raised $132m in total, intends to use the funds to accelerate hiring, increase brand awareness through continued marketing initiatives, and expand its product offerings.
Led by Mark Britton, founder and CEO, Avvo is an online legal marketplace connecting consumers and lawyers. It offers on-demand legal advice through Avvo Advisor®, which delivers a reviewed lawyer for 15 minutes over the phone available online or via a free app for iOS devices. The Q&A forum allows consumers to get their legal questions answered for free by more than 225,000 participating lawyers or search the nearly 7.5 million previously asked questions and attorney provided answers. Avvo also enables lawyers grow their businesses with marketing tools and services including the Avvo JD App and Avvo Ignite, a cloud-based marketing platform designed specifically for attorneys.
FinSMEs
28/07/2015