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Venture Capital News: Ex Parte Raises $7.5M in Series A

2022-02-28
BETHESDA, MD, Ex Parte, a legal technology SaaS Startup, has raised $7.5 million in Series A financing led by R8 Capital.
Ex Parte, a pioneer in data-driven decision-making in the field of law, today announced it has 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 (executive chairman, Kiswe Mobile & former president, Bell Labs); Viet Dinh (chief legal & policy officer, Fox); Craig Coben (co-head global capital markets & former vice-chairman, Bank of America Merrill Lynch); Allen Morgan (founder & CEO, Idealab NY); Auren Hoffman (CEO, SafeGraph); Mark Ein (CEO, Venturehouse Group); Keith Lemer (CEO, WellNet); Thomas Spahr (president, Libra Ventures); Wolf Ruzika (chairman, EastBanc Technologies); Brett Bossung (co-founder, Silverpeak); Richard Wiedis (partner, Diaz, Reus & Targ); and Gregory Lubar (vice chairman, JLL).

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. Customers and prospects include corporations, hedge funds, law firms, insurance companies, litigation finance firms, and universities.
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