Ex Parte, a pioneer in data-driven decision-making in the field of law, announced that it raised $7.5 million in Series A financing.
The round was led by R8 Capital, an investment firm founded by Bruce Rauner, the 42nd governor of Illinois and former chairman of private equity firm GTCR, and Ironbound Partners, led by Jonathan Ledecky, business entrepreneur and co-owner of the New York Islanders.
Joining Gov. Rauner and Mr. Ledecky in the financing round are an all-star group of co-investors, including Jeong Kim Dinh, Craig Coben, Allen Morgan, Auren Hoffman, Mark Ein, Keith Lemer, Thomas Spahr, Wolf Ruzika, Brett Bossung, Wiedis, and Gregory Lubar
The Company will use the capital to expand its engineering team and invest in sales and marketing initiatives to further scale new customer growth. Ex Parte’s customers and prospects include corporations, hedge funds, law firms, insurance companies, litigation finance firms, and universities.
Company: ExParte, Inc.
Raised: $7.5M
Round: Series A
Funding Month: February 2022
Lead Investors: R8 Capital
Additional Investors: Gov. Rauner, Mr. Ledecky, Jeong Kim Dinh, Craig Coben, Allen Morgan, Auren Hoffman, Mark Ein, Keith Lemer, Thomas Spahr, Wolf Ruzika, Brett Bossung, Wiedis, and Gregory Lubar
Company Website: https://www.exparte.com/
Software Category: Prediction Engine
About the Company: Ex Parte is a software-as-a-service (SaaS) legal-tech company headquartered in the Washington, DC area that uses artificial intelligence and machine learning to predict the outcome of litigation and recommend actions that customers can take to optimize their odds of winning. Ex Parte is the world’s first company to leverage artificial intelligence and machine learning to predict the outcome of litigation and recommend actions that its customers can take to optimize their odds of winning. The company’s patented Prediction Engine™ forecasts the outcome of cases with approximately 85% accuracy, and its patented Recommendation Engine™ generates data-driven recommendations such as whether to litigate or settle, which claims to assert, where to file or defend a lawsuit, and which attorneys and law firms will provide customers with their best chance of success given their case-specific factors. Ex Parte customers and prospects include corporations, hedge funds, law firms, insurance companies, litigation finance firms, and universities.
Source: https://www.businesswire.com/news/home/20220227005170/en/Ex-Parte-Raises-7.5M-in-Series-A-Financing