Inc, Avvo , the largest legal market on the web, the Q&A forum and directory, announced today that it has closed $37. 5 million in financing under Coatue Management, with additional investment from Benchmark Capital, Ignition Partners and DAG Ventures. New funding will be used by Avvo to accelerate product development and marketing and to fuel international expansion This round brings the total capital raised since the beginning of Avvo to $60. $5 million
Since Avvo introduced the Avvo Rating in 2006, the industry standard has become more than 97% of lawyers in the United States. Bing has recently incorporated the Avvo Rating in the ‘Snapshot,’ which provides additional relevant information for selected Bing searches, including lawyers. Avvo is the largest online legal Q&A forum with more than 5 million questions and answers, with a 99% response rate. More than 160,000 lawyers from all over the country are now participating in Avvo.
‘We are excited to partner with Avvo because it is consistent with our strategy of supporting innovative leaders,’ said Thomas Laffont, Senior Managing Director, who oversees private investment at Coatue Management, L. L’s Uh, C ‘Avvo’s skilled team has built a large user base, supported by a powerful platform that uniquely positions the company to continue its creative approach to transforming the legal landscape. ”
‘Simply, this additional capital allows us to accelerate. No matter what we have achieved to date, we need to help more consumers make better legal decisions and find the right lawyer. We need to build more products that make navigating the legal profession as simple as it should be,” said Mark Britton, founder and CEO of Avvo, Inc. ‘Through transparency and ease of use, Avvo has already changed the way people find and choose lawyers. It is gratifying that such high-quality investors are part of our vision for the transformation of legal services ”
On Avvo, Inc
Avvo’s Com is the largest legal market on the Internet for consumers and lawyers At Avvo’s Q&A forum, consumers can get free 24/7 legal advice from more than 160,000 participating lawyers, and Avvo’s directory provides comprehensive profiles, client reviews, peer reviews and industry-recognized Avvo ratings for more than 97% of all U lawyers. Oh, S Avvo also helps lawyers grow their business with Avvo Ignite, a cloud-based marketing platform and a website solution designed specifically for lawyers. Founded in 2007, Avvo is privately owned with funding from Coatue Management, Benchmark Capital, Ignition Partners and DAG Ventures.
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