VelocityScale Software: Scaling LegalTech Innovation

VelocityScale Software has secured $88M in Series C funding, achieving a valuation of $336M. The investment round was led by Salesforce Ventures, with participation from SoftBank Vision Fund.

Company Overview

Founded in 2017 and headquartered in Denver, CO, VelocityScale Software is transforming the legaltech landscape through innovative technology and a customer-first approach. The company has established itself as a key player in the rapidly growing legaltech market.

Product & Market Position

VelocityScale Software's platform addresses critical challenges in legaltech by leveraging advanced technology to deliver scalable, efficient solutions. The company serves a diverse customer base ranging from startups to Fortune 500 enterprises.

Funding Details & Investor Confidence

This Series C round brings VelocityScale Software's total funding to over $88M, reflecting strong investor confidence in the company's vision and execution. Salesforce Ventures led the round, citing VelocityScale Software's impressive growth metrics and market opportunity as key factors in the investment decision.

Growth Metrics & Traction

The company has demonstrated strong product-market fit with rapid customer adoption and consistent revenue growth. Key metrics include expanding customer base, improving retention rates, and increasing average contract values across all customer segments.

Use of Funds

VelocityScale Software plans to deploy the capital across several strategic initiatives:

• Product Development: Expanding platform capabilities and introducing new features
• Team Expansion: Hiring across engineering, sales, and customer success
• Market Expansion: Entering new geographic markets and customer segments
• Infrastructure: Scaling technology infrastructure to support growth

Market Opportunity

The legaltech market is experiencing significant growth, with industry analysts projecting substantial expansion over the next five years. VelocityScale Software is well-positioned to capture market share through its differentiated technology and go-to-market strategy.

Competitive Landscape

In an increasingly competitive legaltech sector, VelocityScale Software differentiates through superior technology, customer experience, and operational efficiency. The company's platform offers unique capabilities that address unmet market needs.

Leadership & Team

The VelocityScale Software leadership team brings extensive experience from leading technology companies and deep domain expertise in legaltech. This combination of technical excellence and industry knowledge positions the company for continued success.

Technology & Innovation

VelocityScale Software continues to invest heavily in research and development, with a focus on emerging technologies including artificial intelligence, machine learning, and automation to enhance platform capabilities and deliver superior value to customers.

Customer Success

Customer satisfaction and success remain central to VelocityScale Software's strategy. The company maintains high Net Promoter Scores and strong retention rates, reflecting the value delivered through its platform and services.

Future Roadmap

Looking ahead, VelocityScale Software plans to accelerate product innovation, expand into adjacent markets, and strengthen its position as a category leader in legaltech. The company is committed to sustainable growth and long-term value creation.

Industry Impact

VelocityScale Software's success demonstrates the transformative potential of technology in legaltech. As the company scales, it continues to set new standards for innovation, customer service, and operational excellence in the industry.