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

A post shared by Rob Robinson (@complexdiscovery) on Apr 30, 2018 at 4:41am PDT

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.”

Read the complete article at This CEO explains why his legal tech startup took $22 million in funding even when it didn’t need it

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