Reynen Court, a company that is often described as the app store of law, today said it has raised an additional $3 million of financing as it prepares to come out of beta in the first quarter of this year.
The company’s mission is to make it easy for law firms and legal departments to adopt and manage modern cloud-based software applications without having to trust firm or client content to the rapidly growing universe of vertically integrated SaaS providers.
In September, I interviewed founder and CEO Andrew Klein for my LawNext podcast.
In a press release this morning, the company said that Prins H LLC, an investment vehicle controlled by Klein, is investing in this round together with Ventech, a global early-stage venture capital fund that partners with entrepreneurs to develop and deploy transformative technologies. This round follows the company’s initial $7 million funding in December 2018 by Prins H, Latham & Watkins and Clifford Chance.
“This additional capital allows us to keep our heads down to focus on on-boarding application vendors and robustly supporting the law firms launching our platform,” Klein said in the press release. “To each vendor and law firm we offer substantial assistance in project planning and technical implementation. This new funding provides us greater capacity to provide these services and thus will help us accelerate adoption by both sides of the marketplace we are creating.”