modCounsel

modCounsel is a B2B vertical SaaS AI company that automates 65% of legal activity using proprietary data technology. We have developed a decision model that applies supervised learning AI technology to convert past legal decisions by experts into high quality data. This intelligence database can be used to automate legal decisions across the entire legal industry whether for companies, law firms, or legal technology partners.

We bootstrapped over the past 3 years to cashflow breakeven and $1M in ARR with 70% GM on our first product ($2M ARR overall in 2023 inclusive of services). Our technology helps over 40 clients like DoorDash, Pantheon, and Seismic, and saves them 65% from Day 1 forward on legal costs. This funding is to support the technology buildout of our intelligence automation product suite. As former growth company general counsel and operators, we are uniquely positioned to create real market value.