A Logikcull Approach: Andy Wilson Explains His Legal Tech Startup’s Latest Funding

Logikcull raised $22 million in January, even though it didn’t need it, says Wilson. The CEO tells us it’s because Logikcull has surged in popularity in the legal world.

Extract from article by Rachel Sandler

Logikcull, a San Francisco-based startup that makes eDiscovery software, didn’t need the money when Silicon Valley venture firm New Enterprise Associates approached the company last year. Yet, the firm gave Logikcull $22 million, preempting its next funding round, the company announced in January.

Logikcull didn’t need the cash because, a year earlier, business had “exploded,” CEO Andy Wilson told Business Insider. The company’s headcount has expanded from 35 to over 100. And customer count has increased 500% in under a year.

“To be honest, we really weren’t ready for it,” Wilson said. “We were averaging a few customers a month before, now we get 70 to 80 per month.”

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