PROVO, Utah, Jan. 29, 2019 /PRNewswire/ -- Filevine, the only cloud-based legal case management software that seamlessly combines lawyer collaboration, client communication, and legal operational analytics into an all-in-one platform, today announced $8.3M in Series A funding, led by Signal Peak Ventures (SPV) and joined by existing investors Peak Ventures and Dealersocket founder, Jonathan Ord. This round of funding comes off the heels of a major company milestone as the company approaches a customer base of 1,000 law firms. The funding will be used to accelerate product development, and sales and marketing efforts.
"Filevine grew organically from the needs of practicing attorneys to become the most robust cloud-based software for large firms and legal departments," said Ryan Anderson, Filevine Co-Founder and practicing lawyer. "Our approach has clearly resonated with an underserved market undergoing a once-in-a-generation shift to intelligent, cloud-based case management."
Since its launch in 2015, Filevine has emerged as the market trendsetter with exponential growth. It established the standard for leadership through breakthrough features such as text-to-case-file, threaded tasks, auto-tagging, Filevine Periscope™ reports, and Vinesign. Filevine customers report as much as a 67 percent increase to staff productivity and an 11x return on investment, in addition to dramatic improvements in client satisfaction.
As Filevine approaches its 1,000-law firm milestone, it is entering into strategic partnerships to further cement its dominant position as market leader. After multiple offers and speaking to numerous investors, Filevine has chosen to partner with Signal Peak Ventures (SPV) due to the firm's vast expertise and vision, as well as its commitment to Filevine remaining founder-led.
"Legal professionals are starving for intelligent and intuitive software that forms the backbone of their practice and allows them to take an active role in moving cases and matters from inception to completion," said Brandon Tidwell, Managing Director of SPV. "Filevine's rapid market adoption and recent advancement in product features prove it is uniquely positioned as the preeminent solution to meet this demand."
Joining SPV is Peak Ventures and Jonathan Ord, the founder of Dealersocket. Ord has received countless honors for his role in tailoring next-level technologies to the needs of specific industries. Together, SPV, Peak Ventures, and Ord bring their expertise in world-class product development and operational excellence as Filevine enters a new stage of expansion.
Filevine is a cloud-based case management application for legal professionals and firms. From its launch in 2015, Filevine has focused on rapid innovation and award-winning design. Filevine has earned the highest ratings from several independent review sites for legal technology.
About Signal Peak Ventures
Signal Peak Ventures is a venture capital firm investing in early-stage technology companies. The fund invests in exceptional teams that are attacking big problems in a unique way, with the potential to transform markets and create lasting value. For more information about Signal Peak and its portfolio of investments, please visit www.spv.com.