The LegalTech Fund is an early-stage fund focused on backing companies that are reimagining the world of law. The fund was started by Zach Posner and Sam Ehag, who have worked together for more than10 years. They bring complementary operating and investing experience to the table. Zach is a serial entrepreneur and CEO with operational acumen as well as experience fundraising, scaling, and exiting companies; Sam has experience scaling technical organizations as a product-focused operator. After spending most of their careers building software companies in education, energy, and health, they saw how new technologies could be applied to legacy industries still running on paper and documents. They recognized the opportunity to do the same in legal technology, but this time with an investor lens.
The LegalTech Fund is currently investing in two broad themes across legal tech. The first is that technology is beginning to redistribute the $1 trillion spent annually on legal services. Companies are using technology to structure and leverage legal data currently locked up in PDFs. Structuring this data is creating efficiencies and enabling the launch of new businesses. Their second theme is the emergence of tools to empower the majority of people around the world who lack access to legal services.
Zach and Sam have surrounded themselves with a strong group of operators and legal experts through a robust venture and operating partner network. This expertise, combined with a strategic LP base that includes law firms, senior attorneys, and Carta, all give The LegalTech Fund portfolio companies a significant network to tap into as they scale their business.
Why we invested
We were impressed by the focus, nuance, and network that Zach and Sam bring to legal technology. At Carta, we spend a lot of time in this space, given how much of our business centers around share purchase agreements, term sheets, and LPAs. It was pretty clear from our first conversation that Zach and Sam thought about the world much like we do, especially with respect to unlocking the digital promise of previously analog processes, and we wanted to find a way to form a deeper relationship with them. We can’t wait to see how they use their experience as operators and thoughtfulness about the legal space to find, fund, and accelerate the next generation of great legal tech companies.