Avvo raises $71.5M in Series E

What does Avvo do?

Avvo, is a leading online legal marketplace which connects customers and lawyers. It is a legal marketplace, question and answer forum, directory etc which connects individuals with lawyers. In the question and answer forum of Avvo, consumers can get their legal questions answered for free by more than 175,000 participating lawyers or search over 6 M previously posted questions and answers provided by lawyers. The lawyer directory provides client reviews, Avvo-rated profiles, peer endorsements for 97% of the lawyers in the U.S., so consumers can find the lawyer who suits their needs. The company also helps lawyers enhance their businesses with marketing tools and services including Ignite which is a cloud based marketing platform designed especially for lawyers.

How much Avvo was funded?

Avvo raised $71.5M in Series E funding on July 28, 2015 from Technology Crossover Ventures (Lead) Partner: Jay Hoag, Vulcan Capital and Coatue Management

Previous funding

$3M in Series A funding on January 1, 2006 from Barney Harford

$10M in Series B funding on April 1, 2007 from Ignition Partners (Lead) Partner: Brad Silverberg and Benchmark Partner: Rich Barton

$10M in Series C on March 17, 2010 from DAG Ventures (Lead) Benchmark, Partner: Brad Silverberg, Partner: Rich Barton Ignition Partners

$37.5M in Series D funding on April 15, 2014 from Coatue Management (Lead), DAG Ventures, Benchmark Partner: Rich Barton, Ignition Partners Partner: Brad Silverberg

What is next for Avvo?

Avvo plans to use the funding for accelerating hiring, increasing their company’s brand awareness through constant marketing initiatives and for expanding its product offerings.

More about Avvo

Avvo was founded on June 1, 2007. It has its headquarters in Seattle, WA.  This online legal marketplace has more than 225,000 lawyers from around the country who participate on Avvo and it generates over 65,000 contacts from customers to attorneys every month.