Business & Finance
Lawyers launch venture fund GCVC to invest in legal technology
Business Insider reports that more than 50 attorneys backed a new venture capital vehicle targeting sector startups.
The short version
- Over 50 lawyers, including general counsels, launched a venture capital fund named GCVC to invest directly in legal tech startups.[Business Insider]
- Law firm Wilson Sonsini has signed on as the investment firm's initial institutional law firm supporter.[Business Insider]
- Founders Matt Holbreich and Erick Rabin declined to disclose the fund's total capital size, citing regulatory fundraising marketing rules.[Business Insider]
Key facts
- More than 50 lawyers launched a venture fund called GCVC to back legal tech startups.[Business Insider]
- Wilson Sonsini is backing GCVC as the fund's first law firm partner.[Business Insider]
- Crunchbase data indicates investors directed $2 billion toward legal sector startups during the first half of the year.[Business Insider]
What remains uncertain
- The total size of the GCVC investment fund has not been disclosed by the founders due to fundraising marketing regulations.[Business Insider]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.
- Legal tech is booming. A new VC firm wants lawyers in on the action.Business Insider metered