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World’s largest legal directory Avvo collects $10m World’s largest legal directory Avvo collects $10m

19 Mar 2010. Source: AltAssets
Avvo Inc, a company which sells itself as the world’s largest legal directory, has received $10m in a new round of financing led by DAG Ventures. Previous investors Benchmark Capital and Ignition Partners also invested in this round.

Mark Britton, founder and CEO of Avvo, said, “Given the current funding environment, this deal speaks volumes to Avvo’s success and the value we bring both consumers and lawyers. This funding round not only gives us the ability to continue that success, but to expand it. Stay tuned everyone - we have great things in store.”

With 50,000 actively participating lawyers, including a third of all lawyers in Avvo’s home state of Washington, the business is the most trafficked legal directory, the company said.

Headquartered in Palo Alto, California, lead investor DAG laid its foundations in the 1980s in cable TV, infrastructure, media, and wireless industries.

Copyright © 2010 AltAssets

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