Marks Baughan is pleased to announce that it acted as exclusive financial advisor to Casetext, a leading provider of AI-powered legal research and drafting technology, on its $25 million Series C financing led by BuildGroup. The round also included participation from existing investors Union Square Ventures, Canvas Ventures, Y Combinator, and Touchdown Ventures. The investment will enable Casetext to expand its product innovation, scale its go-to-market strategy, and continue to transform legal workflows through advanced machine learning and natural language processing.
This transaction reinforces Marks Baughan’s position as the leading advisor to technology companies serving the legal, compliance, and professional services sectors. Casetext is widely recognized for pioneering the use of large language models in the legal industry and has seen strong adoption of its products by law firms and corporate legal departments alike. The Series C round builds on the company’s momentum and positions it for continued leadership in legal technology.
For more information on this transaction, please contact:
Nick Baughan
+1 610.616.3294
nbaughan@marbau.com
Bill Takeuchi
+1 610.616.3296
wtakeuchi@marbau.com
Ed Murtha
+1 610.365.7283
emurtha@marbau.com
Mike Doulong
+1 610.643.4618
mdoulong@marbau.com
About Marks Baughan Securities
Marks Baughan provides investment banking services to growth companies. Our clients are software, technology-enabled services and data-intensive companies seeking shareholder liquidity or growth capital. We work tirelessly alongside our clients and excel at defensible positioning and disciplined processes that maximize shareholder value. Our professionals come from senior positions at bulge-bracket firms, giving our clients access to the relationships and experience that come from our years of interaction with the top executives and investors in companies in our fields. Our clients receive top-flight advice throughout any advisory relationship, because our boutique approach allows our senior advisors to stay deeply involved with each client on a continuous basis. No handoffs to junior staff. No preferential client relationships. No conflicts of interest.
For additional information on Marks Baughan, see www.marksbaughan.com.
About Casetext
Casetext builds the most advanced AI legal technology available on the market today. Launched in 2013, Casetext has steadily grown to provide lawyers with a range of innovative tools to streamline critical elements of legal practice. Casetext offers powerful technology for legal research, brief drafting, knowledge management, discovery, and more. Today, over 10,000 law firms—including 40% of Am Law 200 firms—rely on Casetext to improve the efficiency of their law practice.
For more information on Casetext, visit www.casetext.com.
About BuildGroup
BuildGroup is an investment firm specializing in SaaS AI-enabled workflow companies. BuildGroup’s team of seasoned entrepreneurs and operators focus on investing in early-growth-stage companies across North America and Europe. The firm invests in companies that have achieved product-market fit and are poised to scale, helping founders scale efficiently and build durable enterprise value by bringing deep operational expertise and long-term capital to the table. The firm works closely with company leaders, providing hands-on support to solve operational challenges and build high-performing teams and businesses.
For more information on BuildGroup, visit www.buildgroup.com.