E-Legal, Inc. d / b / a Easy Expunctions announces $ 7 million
SAN ANTONIO, Nov. 10, 2021 (GLOBE NEWSWIRE) – E-Legal, Inc., a San Antonio-based legal technology company, has completed the initial close of a Series A funding round. $ 25 million is led by Morningside Technology Ventures, joined by Stand Together Ventures Lab and The Legal Tech Fund, with participation from existing investors including Capital Factory, Graham Weston, Pat Matthews, Springtime Ventures, Cleo Capital and Rice University Ventures . This will bring the company’s total funding to over $ 10 million.
This strategic funding will support the development and commercialization of the company’s proprietary, patented, digital technology platform that provides consumers with the most comprehensive and cost-effective tools to erase all traces of their criminal records without a lawyer. The introduction of these new strategic investors will fuel the continued growth of Easy Expunctions through further market expansion and the formation of strategic partnerships.
There are over 70 million American adults with a record arrest today. “With 90% of top employers conducting background checks and increasing digitization of criminal background information, demand is higher than ever from consumers as well as nonprofit and second chance employers. who wish to provide our services to their employees and their communities. These employers see the life-changing services of Easy Expunctions as an opportunity to invest and retain their workforce while balancing their company’s values with stocks, ”said Yousef Kassim, CEO of E -Legal, Inc.
“Goodwill Houston’s strategic partnership with Easy Expunctions has helped further fuel our mission to change lives through the power of work. In 2020, Goodwill Houston named Easy Expunctions our 2020 Community Partner of the Year. As we grow and develop our collaboration, we look forward to expanding our impact even further in the years to come, ”said Christina Petrosi, Director of Workforce Operations at Goodwill Industries of Houston.
As part of the deal, Kosta Ligris will join the board on behalf of Morningside Technology Ventures. Kosta Ligris is the CEO of Stavvy and an Entrepreneur-in-Residence at MIT. “We are delighted to add E-Legal, Inc. to our portfolio of promising and high growth companies. The exceptional team, high-value technology, and the opportunity to make a real social impact made it a compelling investment for us. We are particularly looking forward to the broad applications of their technologies as they continue to disrupt the legal industry, ”said Mick Sawka, chief investment officer at Morningside.
Stand Together Ventures Lab is an early stage venture capital fund that invests in new businesses that challenge the status quo and change society. Managing Partner Sihyun Choi said, “Having a criminal record greatly reduces a job seeker’s chances of hearing from a potential employer and costs the economy tens of billions of dollars every year. . Too often, the process of erasing one’s record takes too long. tedious and expensive for the average person. Easy Expunctions has created game-changing technology for people looking to put their past behind them without sacrificing their financial future. We are proud to partner with Easy Expunctions as they disrupt an industry that is ripe for innovation. “
The LegalTech Fund is a start-up fund focused on supporting companies that are reinventing the world of law. Managing Director Zach Posner said: “Easy Expunctions has developed an innovative technological solution that enables affordable and efficient access to justice for the millions of people with criminal records. Their product is an example of a better mousetrap: an effective alternative to hiring a lawyer. it’s cheaper, faster and more complete. We are excited to work with the team as they intensify their impact through further market expansion and new product offerings. “
About E-Legal, Inc. d / b / a Easy Exunctions
Easy Exunctions leverages technology to provide our clients with a clear and cost effective solution to clearing criminal records. We seek to inform and empower those interacting with the criminal justice system and to create a fast track to justice with guaranteed results. We are a team that cares about our fellow human beings and believes in second chances. To learn more, visit easyexpunctions.com.
EasyExpunctions.com | [email protected] | 512-561-0430
Image 1: Legal tech startup raises $ 7 million in equity
Pictured, left to right: CEO Yousef Kassim and Marketing Director Rommy Kassim of Easy Expunctions.
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Legal Tech Startup raises $ 7 million in equity