Top 20 investors in North America with the biggest sum of Late 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 Late stage over the last 5 years. They are actively investing in Legal industry.

Amount of money raised in funding rounds in North America is $1.7B, which is 74.7% of the total amount of money raised in the Legal industry in Late rounds over the last 5 years.

Top 20 investors in North America with the biggest sum of Late 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. California is the most common state for VCs and it hosts 12 funds. There are also funds from New York, Massachusetts and New Jersey. The most common city is Menlo Park which is home to 4 funds. There are also funds from San Francisco, Palo Alto and New York. These VCs tend to invest in startups from The United States, but also invest in startups from Mauritius and Israel. 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 Banking. They also invest in Enterprise Software, Analytics and Business Development.
• Important Years – The oldest fund in the sample was founded in 1976 and the newest one in 2018. In 2009 the most amount of funds were founded. VCs in the sample made the most deals in the period from 2000 to 2020. For some funds, 2019 was the year with the most amount of deals.
• Investments – Usually VCs take part in 2 – 6 funding rounds per year, sometimes in 13 – 24, 7 – 12 or in 24. The minimum number of funding rounds for VCs in the sample is 3, the maximum is 302. Average number of funding rounds is 118.6 while median is 105.0. Minimum amount of lead investments for funds is 0 and maximum is 179. Average amount of lead investments is 56.2 while median is 58.0. The most common amount of lead investments is 5. Index of difference in percentage points of lead investments from the average is between -71.0 and 29.0 for funds in the sample. The average value for this difference is -8.14 and the median is -0.59. It means that these funds act as lead investors less often than other funds.
• Typical Rounds – VCs usually participate in rounds with 4 – 5 investors. Less often in rounds with 3 – 4, 6 – 7 or 2 – 3 investors. The most common round size for VCs in the sample is 10 – 50 million. Less common ranges are 50 – 100 million, 5 – 10 million and 1 – 5 million. A Funds’ average multiplicator for portfolio companies at the last known valuation is 0.0 at minimum and 4.0 at maximum. Average value for this multiplicator is 0.52 and median is 0.31. The most common multiplicator value is 0.12.