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LegalZoom Finds Funding From TCV, Adds New Board Member

socalTECH

Glendale-based LegalZoom , the online legal filing site which focuses on small businesses and families, has named David Yuan, a General Partner at Technology Crossover Ventures (TCV) to its board of directors. According to LegalZoom, the addition comes as part of an investment by TCV in LegalZoom. READ MORE>>.

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LegalZoom Sells $500M Secondary Stake To Private Equity Investors

socalTECH

Glendale-based LegalZoom , which provides legal services and documents for the small business and family market, announced on Tuesday that it has sold a $500M secondary stake in the company to a set of private equity investors. The secondary stock sale reportedly values LegalZoom at more than $2 billion. READ MORE>>.

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ChowNow Names IPO Investment Banker As CFO

socalTECH

Mancl was previously an investment banker, having previously been at Credit Suisse, where he served as the Global co-head of Internet Investment Banking. ChowNow said that Mancl worked on the IPOs of Lyft, LegalZoom, AppLovin, Snap, TheRealReal, GoDaddy, Wix, Eventbrite, and Upwork.

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LegalZoom Valued at $2 Billion Following Investment

L.A. Business Journal

With this investment, LegalZoom’s estimated value totals roughly $2 billion. Glendale online legal technology company LegalZoom.com Inc. announced June 30 it completed a $500 million financing round from four total investors, its second since the firm’s founding in 2001.

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LegalZoom Adds Kleiner, IVP As Investors

socalTECH

Glendale-based LegalZoom said last week that it has added Institutional Venture Partners and Kleiner Perkins Caufield & Byers as investors in the firm. No details on the investment were disclosed. LegalZoom said it now has more than 500 employees and has served more than 1 million customers. READ MORE>>.

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LegalZoom Finds $66M From KPCB, IVP

socalTECH

The investment by Kleiner Perkins Caufield & Byers and Institutional Venture Partners into legal documents firm LegalZoom was worth $66M, according to a report today. LegalZoom, which is headed by Brian Lee, announced the investment from KPCB and IVP in April, but had not announced the amount of funding.

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Early-stage investment firm Defy updates the venture partner model

TechCrunch LA

Defy , the early-stage venture investment firm founded by Neil Sequeira and Trae Vassallo, is putting a new twist on the venture partner model as it brings Brian Lee and Sujal Patel on board to help out with investing and guiding companies in the firm’s portfolio. Just don’t call them venture partners. million round.

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