Fundraising advisory for legaltech startups

Legal services are being transformed by AI, automation, and data-driven workflows

But raising capital in legaltech requires more than a compelling product. It demands clarity on business model, market validation, and investor readiness.

At dups, we help legaltech founders secure and structure venture capital efficiently. Our integrated legal and financial team supports you from investment readiness to closing, aligning your growth narrative with investor expectations and compliance requirements. Because in legaltech, trust comes from structure, not just from vision.

Why legaltech fundraising is unique

Legaltech sits at the intersection of technology, regulation, and professional services. Investors want proof of market adoption, product-market fit with legal professionals, and clear unit economics.

Key challenges include gaining buy-in from conservative legal markets (law firms, corporate legal departments), navigating data privacy and IP compliance (GDPR, data localization), securing sufficient capital in a sector that traditionally attracts less venture funding than fintech or biotech, and demonstrating scalability despite long enterprise sales cycles.

We help you translate these constraints into investor-ready structure and narrative.

Our legaltech funding approach

1. Capital strategy and investor positioning

We start by understanding your business model (B2B SaaS, contract automation, legal research, compliance tools, or AI-powered litigation support) and defining your ideal investor mix.

Legaltech funding in 2025 is driven by generalist VCs with SaaS and AI expertise (Andreessen Horowitz, Sequoia, Index Ventures), corporate and strategic investors (Thomson Reuters Ventures, RELX Ventures), and specialized legaltech funds (The LegalTech Fund, Timespan Ventures).

We position your story to resonate with these investors, balancing innovation narrative with financial discipline.

2. Financial modeling and investor materials

Legaltech investors scrutinize SaaS metrics, adoption rates, and customer acquisition cost relative to customer lifetime value. We prepare your financial model to reflect both technology scalability and market penetration realities: ARR and retention metrics for legal buyers, client acquisition cost and sales cycle modeling, churn analysis and expansion revenue logic, regulatory compliance cost integration, and dilution and runway modeling for Series A to B.

We also craft pitch decks and investment memos that align AI capability, legal market need, and financial performance into one coherent investment case.

3. Legal structuring and negotiation

Once investor interest builds, we handle all legal and financial aspects, from term sheet to closing, ensuring consistency between valuation, governance, and documentation.

That includes term sheet design and negotiation, convertible or equity structuring (SAFE, notes, Series A or B), shareholder and governance alignment, IP protection and data compliance clauses, and closing coordination and investor onboarding.

We ensure your deal structure reflects both your growth model and your regulatory responsibilities with no gaps.

4. Scaling and growth capital

As your legaltech product gains traction, we help you prepare for growth-stage funding: Series B+ expansion, venture debt or hybrid financing, strategic partnerships with legal industry players, and pre-M&A or pre-exit preparation.

We ensure every transaction builds on solid legal and financial foundations.

What makes dups different

At dups, we speak both languages: legal tech and legal transactions. We understand what legaltech investors expect, how legal professionals adopt technology, and where founders gain or lose negotiating leverage.

Our integrated approach means your valuation, term sheet, and governance all tell the same story. We move fast, think strategically, and focus on one outcome: getting your round closed on the right terms.

Deliverables you can expect

We deliver a complete legaltech fundraising advisory package, including:

• Capital strategy and investor targeting plan
• Financial modeling (SaaS metrics, legal market economics)
• Pitch deck and investment memo preparation
• Legal structuring and term sheet negotiation
• Shareholders' agreement and governance design
• Closing coordination and investor onboarding
• Compliance and IP protection alignment

Each deliverable is designed to be credible, aligned, and investor-ready.