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3 legal tech founders share their perspectives on raising money in the current environment

3 legal tech founders share their perspectives on raising money in the current environment
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The Weekly Notable Startup Funding Report: 8/14/23 – AlleyWatch

The Weekly Notable Startup Funding Report: 8/14/23 – AlleyWatch
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Flo Recruit Raises $4.2M in Seed Funding

FinSMEs is the financial news site dedicated to covering venture capital, private equity, and merger and acquisition deals in real time!

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SoftBank deprioritizes speed, goes all in on A.I. as it reports 343 of its portfolio companies have lost value

The investment firm known for writing enormous checks at a rapid pace has entirely changed its tune.

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Flo Recruit Announces $4.2 Million in Funding to Modernize Legal Recruiting

Flo Recruit Announces $4.2 Million in Funding to Modernize Legal Recruiting
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The Big Pivot | University of Chicago Law School

In the early days of the COVID-19 pandemic last spring, the Law School’s Office of Career Services corresponded with hundreds of employers in every segment of the legal job market, drummed up nearly 100 new job postings for students whose summer work plans had been cancelled or curtailed, communicated regularly with anxious job seekers, and created systems for tracking how law firms, government agencies, courts, and nonprofit employers were responding to the crisis.

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Fueled by the pandemic, Daily raises $15M Series A for its real-time video platform – TechCrunch

Fueled by the pandemic, Daily raises $15M Series A for its real-time video platform
Daily, the makers of a developer platform for real-time audio and video, has been booming in recent months — in part, due to the pandemic’s impact on remote work, virtual events, telehealth and more. Over the past year, Daily saw around a 20x increase in the number of paying customers and a 30x increase in revenue, it says. Though the team was initially hesitant to raise funds in light of this growth, they have now closed on $15 million Series A funding.
The new round was led by early Stripe employee-turned-investor Lachy Groom, who became connected with the startup via his portfolio company Interval.com, a Daily customer. Tiger Global, other angels and most of Daily’s seed investors also participated, bringing Daily’s total raise to date to $22 million.

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