The Rocket Lawyer, the complete and affordable legal service today announced a major expansion capital financing of $223 million, facilitated by Vista Credit Partners (“VCP”) which is an investment company with a strategic focus on credit and financing partner that focuses on the data, enterprise software as well as technology market. Rocket Lawyer and Vista will cooperate to expand their Rocket Legal Cloud(tm) platform to meet the growing and increasing market demand for their fully digital tools for justice.Rocket Lawyer Announces $223 Million.
In 2008, the company was founded and is founded on patent-pending technologies, Rocket Lawyer provides enterprises as well as small and medium-sized companies and millions of people and their families with legally-enforceable documents RocketSign (r) digital signatures, lawyer assistance from any location online, online incorporations and many more at less than the costs of traditional. Realizing the major flaws of the traditional legal system, Rocket Lawyer innovates, creates and provides modern, cloud-based, scalable solutions to make it easier for everyone to access justice.
“Nearly every day, instances of injustice are featured in the news. For every story that makes headlines there are numerous other stories,” said Charley Moore the CEO and co-founder of Rocket Lawyer. “Vista Credit Partners is a part of our desire to bring justice within the reach of anyone with a device. For the majority of individuals and companies”justice” is having the ability to write contracts that are negotiated and executed in an honest and transparent manner. “Justice” means having the ability to defend oneself by utilizing reliable, knowledgeable and effective advice. “Justice” means being able to navigate the confusing regulation of the federal government using straightforward interfaces.”
“We are delighted to have a partnership together with Charley Moore and the impressive Rocket Lawyer team, who have created a revolutionary technology in a time where millions of people require legal assistance that is affordable,” said David Flannery the president of Vista Credit Partners. “The epidemic has accelerated the process of transitioning legacy systems to a more accessible and accessible digital future, specifically for legal services. We believe this is a great time to give Rocket Lawyer an incredible growth opportunity and we are looking at supporting their endeavor to make legal access more accessible to everyone. services.”
“The pandemic has amplified and increased the need for cloud-based legal solutions as we permitted millions of legal issues to be documented and legal guidance and compliance to be carried out without the need to have physical presence,” continued Moore. “The world will not be backwards after the end of the pandemic and we’re fortunate to have created this Rocket Legal Cloud platform to accommodate the new norm of being always online, 100 100% digital demand. Vista also shares our dedication to providing market-leading and innovative technologies which make legal services easier to access than ever before. We look forward to participating with them in their extensive ecosystem and leveraging their operational know-how to make legal services affordable accessible to all.”
Rocket Lawyer makes legal transactions more efficient, transparent and secure for companies or families as well as people around the globe. Rocket Lawyer has operations in North America, the United Kingdom and the European Union, Rocket Lawyer has helped more than 25 million individuals and businesses with access to electronic legal documents, legal guidance, and other legal services for business including incorporations with a cost that more individuals can afford.Rocket Lawyer Announces $223 Million. Rocket Lawyer was represented by Goodwin Procter LLP and Manatt, Phelps & Phillips, LLP as legal counsel regarding the financing. VCP was represented by Akin Gump Strauss, Hauer & Feld LLP.
More About Vista Credit Partners:
Vista Credit Partners (VCP) is the credit-investing part from Vista Equity Partners and is an investment and financing partner focused on the expanding business software and data and tech market. VCP utilizes a focused approach to credit investing but is able to explore investments that offer the most value, as well as sourcing opportunities within middle market as well as generally syndicated markets, in addition to investing within all capital structures. The VCP executive team and investment management teams are made up of highly experienced professionals in credit who have worked for their entire careers in sourcing, underwriting, managing as well as managing portfolios of credit of top-of-the-line institutions. Since the company’s inception in 2013 and through the end of December 31st, 2020 VCP has managed to deploy more than $6 billion, and has expanded to $4.5 billion in funds under administration.