It’s no secret that law firms have under-invested in technology, but they are rapidly catching up. That’s why in 2020, Zach Posner co-founded The LegalTech Fund, the first venture capital firm laser-focused on law and legal technology. Zach announced last month that he has closed his first fund, which was oversubscribed, at $28.5 million. The fund typically invests less than $1 million and has invested in 30 companies even before the fund closed. Zach takes a broad approach, looking for startups that have “legal in the middle,” but which may also span fintech, govtech, or consumer tech. A three-time entrepreneur and already a major connector in the legal tech community, Zach will have an inside track to the next generation of legal tech startups on behalf of the fund.
