Everlaw was founded in 2012 by AJ Shankar and Jeffrey Friedman. The company has not publicly endorsed plans to participate in an IPO, but a company board member and CapitalG partner told reporters that "we’re betting on [Everlaw] being on a path to go public."
Everlaw is the developer of ediscovery software designed to help legal professionals comb through large amounts of data, information, and evidence. The platform also includes collaboration features. Everlaw has raised nearly $300 million in venture capital funding from investors including Capital G, Menlo Ventures, Andreessen Horowitz, and K9 Ventures. The company announced a valuation of more than $2 billion following a $202 million fundraise in 2021.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
11/02/2021 | Series D-1 | $33MM | $xx.xx | $2.1B | TPG Growth, HIG Growth Partners, Andreessen Horowitz, CapitalG, Menlo Ventures, K9 Ventures | |
Price per Share
$xx.xx
Shares Outstanding
4,392,508
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
TPG Growth, HIG Growth Partners, Andreessen Horowitz, CapitalG, Menlo Ventures, K9 Ventures
|
||||||
11/02/2021 | Series D | $169MM | $xx.xx | $2.1B | TPG Growth, HIG Growth Partners, Andreessen Horowitz, CapitalG, Menlo Ventures, K9 Ventures | |
Price per Share
$xx.xx
Shares Outstanding
22,494,973
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
TPG Growth, HIG Growth Partners, Andreessen Horowitz, CapitalG, Menlo Ventures, K9 Ventures
|
||||||
03/10/2020 | Series C | $78MM | $xx.xx | $571.73MM | CapitalG, Andreessen Horowitz, K9 Ventures | |
Price per Share
$xx.xx
Shares Outstanding
33,242,175
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
CapitalG, Andreessen Horowitz, K9 Ventures
|
||||||
04/04/2018 | Series B | $25.45MM | $xx.xx | $181.44MM | Menlo Ventures, Andreessen Horowitz | |
Price per Share
$xx.xx
Shares Outstanding
31,917,060
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Menlo Ventures, Andreessen Horowitz
|
||||||
01/14/2016 | Series A | $8.1MM | $xx.xx | $35.62MM | Andreessen Horowitz, K9 Ventures | |
Price per Share
$xx.xx
Shares Outstanding
38,547,125
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Andreessen Horowitz, K9 Ventures
|
||||||
01/08/2013 | Series Seed | $850,007 | $xx.xx | $7.45MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
15,591,875
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
||||||
02/17/2011 | Series AA | $654,996 | $xx.xx | $1.87MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
39,080,900
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|