Legal tech is booming. A new VC firm wants lawyers in on the action.

Image for article Legal tech is booming. A new VC firm wants lawyers in on the action.
News Source : Business Insider

News Summary

  • GCVC wants lawyers to have a stake in the startups remaking their profession.
  • Investors include the current and former general counsels of Salesforce, ElevenLabs, Whatnot, Ro, Circle, and Rippling.
  • "If you can free their time and advice, you unlock a lot of pent-up brain power for the world economy," Matt Holbreich, a former Fenwick lawyer turned investor, said.
  • GCVC declined to share the fund size, citing rules that prohibit investors from marketing a fundraise.
Erick Rabin and Matt Holbreich.GCVC More than 50 lawyers are launching a new venture fund, GCVC, to invest in legal tech.

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