REUTERS/Yuriko Nakao

Legal tech gets its day on ‘Shark Tank’ with prenup platform

(Reuters) – The authorized expertise sector has made an look on primetime tv, with ABC’s “Shark Tank” internet hosting the founders of an organization advertising and marketing prenuptial agreements that do not require the recommendation of a lawyer.

Massachusetts household regulation legal professional Julia Rodgers mentioned she began creating her firm, HelloPrenup, to create a less expensive and quicker possibility for drafting prenuptial agreements. She and her co-founder walked away from their look on an episode of the truth present on Nov. 12 with a deal from two traders.

“Shark Tank” investor Kevin O’Leary and visitor Nirav Tolia, co-founder of neighborhood social community Nextdoor, agreed to contribute $150,000 for a cut up 30% stake in HelloPrenup.

That funding within the consumer-facing platform could also be pretty modest, however the authorized tech business has taken off lately, increasing rapidly when it comes to enterprise capital raised and new entrants into the market.

LegalZoom.com Inc just lately turning into a public firm, Rodgers mentioned, has “shown people that this is a really serious area and will continue to grow.”

Rocket Lawyer is one other instance of an internet authorized providers firm focusing on shoppers.

Rodgers, a lawyer at Mavrides Legislation in Boston, mentioned HelloPrenup was on the lookout for a “strategic partnership” with its new traders. She mentioned being on the present was a “positive experience.”

HelloPrenup, which launched in June 2021 after a 12 months in a beta interval, at the moment serves 18 states. After the deal, the corporate plans to increase to extra states and supply extra instructional content material on its web site, Rodgers mentioned.

Sara Merken

Sara Merken studies on privateness and information safety, in addition to the enterprise of regulation, together with authorized innovation and key gamers within the authorized providers business. Attain her at [email protected]