California-based Carrick Capital Partners, a growth-oriented investment firm focused on software and software-enabled businesses, recently closed on investment in Pittsburgh-based LegalSifter.
LegalSifter, a technology company using differentiated artificial intelligence and human expertise to provide pre- and post-signature contracts-related software and managed services, will use the funding to expand its offerings and operations.
Jim Madden, Carrick co-CEO, and Ivan Whittey, Carrick director, will join the LegalSifter board of directors, as will Factor CEO Varun Mehta.
Factor is a Carrick portfolio company that also invested in LegalSifter. It performs complex legal work with a focus on contracting.
“As a growth-focused private equity firm with a differentiated level of expertise and network in our space, Carrick is an ideal partner,” LegalSifter CEO Kevin Miller said. “Their wealth of experience helping build legal sector pioneers such as Axiom and Factor will be extremely valuable as we enhance and scale the company. We are excited to leverage Carrick’s funding, insights, and relationships to further accelerate LegalSifter’s strong growth trajectory.”
LegalSifter offers its products that help people negotiate contracts and organize documents faster, safer, and more affordably to customers in 18 countries.
Carrick Capital Partners utilizes the Approach to Building Value method to operationally scale fast-growing, technology-enabled businesses.