AltaClaro, a New York-based one of the leading experiential training platforms for lawyers, announced that it raised $2.5 million in a seed round.
The round was led by Bryce Catalyst, with participation from LearnStart and Orrick’s Legal Technology Fund.
AltaClaro will use the funds to build on its existing successes by expanding its product offerings and continuing to grow its market share.
As part of Bryce Catalyst’s investment, Cary Burch has been appointed to AltaClaro’s board of directors, allowing AltaClaro’s management team direct access to the expertise, strategy, and growing legal tech network that Bryce Catalyst has to offer.
Company: AltaClaro
Raised: $2.5M
Round: Seed Round
Funding Month: March 2022
Lead Investors: Bryce Catalyst
Additional Investors: LearnStart and Orrick’s Legal Technology Fund
Company Website: https://www.altaclaro.com/
Software Category: Experiential Training Platforms
About the Company: Launched in 2017 by Abdi Shayesteh, AltaClaro is an experiential learning solution for legal professionals and law firms. AltaClaro has solved the problem of effectively and efficiently training lawyers at scale, providing training for some of the largest law firms in the world. AltaClaro’s educational platform leverages a unique, proprietary approach to experiential learning that helps professionals gain the practical skills they need to become “practice-ready” in safe environments. AltaClaro’s unique learn-by-doing and feedback model helps attorneys become practice-ready at an accelerated pace, empowering participants to own their career trajectory and helping law firms drastically reduce the costs associated with training.
Source: https://techfundingnews.com/founded-by-legal-tech-entrepreneur-altaclaro-secures-2-5m-for-matching-lawyers-with-experts-for-training-and-developement/