Top 20 investors in North America with the biggest sum of Early funding rounds in Legal industry over the recent years

Intro

The top 20 investors according to the total money raised in the funding rounds. These are VC funds and corporate investors in North America that have invested in Early stage over the last 4 years. They are actively investing in Legal industry.
Legal deals with law and provides law-related services. It includes compliance, blockchain, intellectual property, e-signature, and legal tech.

Amount of money raised in Legal funding rounds is $15.7B, which is 2.8% of the total amount of money raised in Early rounds in North America over the last 4 years.

Top 20 investors in North America with the biggest sum of Early funding rounds in Legal industry over the recent years
data provided by Unicorn Nest

Key takeaways

• Funds Geography – All VCs are located in The United States. Half of VCs are based in Silicon Valley. California is the most common state for VCs and it hosts 10 funds. There are also funds from New York, North Carolina and Texas. The most common city is New York which is home to 6 funds. There are also funds from Menlo Park, San Francisco and Palo Alto. Top-1 investment geofocus for all VCs is The United States. For the majority of the funds, the country of the funds’ establishment and the country of their most frequent investments coincide.
• Industry Focus – The funds’ most common field for investments is Finance. They also invest in Legal, Social and Marketing.
• Important Years – The oldest fund in the sample was founded in 1869 and the newest one in 2018. In 2013 the most amount of funds were founded. VCs in the sample made the most deals in the period from 2000 to 2021. For some funds, 2020 was the year with the most amount of deals. The biggest amount of successful exits happened between 2004 and 2020 years. For some funds, 2020 became the year with the most successful exits.
• Investments – Funds equally often participate in 24 and 7 – 12 funding rounds per year. The minimum number of funding rounds for VCs in the sample is 11, the maximum is 1394. Average number of funding rounds is 357.7 while median is 180.5. Minimum amount of lead investments for funds is 2 and maximum is 276. Average amount of lead investments is 75.4 while median is 23.5. The most common amount of lead investments is 2. Index of difference in percentage points of lead investments from the average is between -46.22 and 23.74 for funds in the sample. The average value for this difference is 1.12 and the median is 0.89. It means that these funds act as lead investors more often than other funds.
• Typical Rounds – Funds participate in rounds with 6 – 7 or 5 – 6 investors The most common round size for VCs in the sample is 100-500 million. Less common range is 50 – 100 million. A Funds’ average multiplicator for portfolio companies at the last known valuation is close to zero at minimum and 20.0 at maximum. Average value for this multiplicator is 5.75 and median is 4.43. The most common multiplicator value is 4.93.