Compliance startup SingleFile recently announced that it has raised $6.5 million in an extended seed funding round that concluded in March this year, receiving backing from multiple Am Law 100 law firms, including Wilson Sonsini, Cooley and others. The financial round was spearheaded by venture capital firm Foundry Group.
SingleFile provides a platform that eases the compliance filing process by introducing automation, a concept that has been well received, reflected in the substantial financial support it has managed to raise.
The funding round also witnessed the participation of other notable investors like The Legaltech Fund and venture entity Underdog Labs.
For a more detailed insight into this fundraising activity, see the report on law.com