Persuit, a New York-based legaltech company, raised $20M in Series A funding.
The round was led by OpenView.
The company intends to use the funds to invest in accelerated capabilities across its product range and enhanced data insights and hire across all of its functions globally – sales, marketing, finance, customers success and engineering.
Led by Jim Delkousis, Founder & CEO, Persuit provides a Software as a Service legal RFP technology platform that connects Fortune 500 companies like UBS, HSBC, Johnson & Johnson, Novartis, Facebook and Intel with law firms and other professional service providers to optimize the outside counsel selection process. It provides in-house teams the ability to launch matter-based RFPs, RFIs, AFAs, Hourly Rate reviews, and Panel Convergence Programs using industry best practice templates.
Request types can be used to drive price competition via real-time bidding to achieve true market pricing every time, delivering 30+% savings on external legal spend.
FinSMEs
08/10/2021