Casetext
Everything you need to know about Casetext — from their $64M in funding to who's backing them.
Awaira Score
Out of 100
HQ
United States
Founded
2013
Raised
$64M
Stage
Acquired
Team
120
About Casetext
Casetext is an AI-powered legal research and document automation platform founded in 2013. The company develops software that assists legal professionals with legal research, contract analysis, and document drafting through machine learning and natural language processing technologies. Its flagship product, CoCounsel, is an AI legal assistant that helps attorneys perform legal research, due…
Key Facts
- Casetext is valued at $650M as of March 2026.
- Casetext has raised a total of $64M in disclosed funding across 3 funding rounds.
- Casetext was founded in 2013 by Jake Heller and is headquartered in United States.
- Casetext employs approximately 120 people.
- Casetext operates in the AI Legal category and is currently at the Acquired stage.
- Casetext has an Awaira Score of 75/100, ranking it among the tracked AI companies on Awaira.
- Casetext's most recent funding round was a Series C of $36M closed in June 2021, led by Menlo Ventures.
Source: Awaira · Updated Mar 23, 2026
Valuation
$650M
Post-money
Total Raised
$64M
All rounds
Awaira Score
75/100
Founded
2013
120 employees
Strengths & Risks
Strengths
Strong Awaira Score of 75/100
Growing team of 120 employees
Established market presence (founded 2013)
Analysis based on publicly available data. Not investment advice.
Funding Velocity
3
Total Rounds
$21.33M
Avg Round Size
4.5yr
Funding Span
Casetext raised 3 rounds over 4.5 years, averaging $21.33M per round — a pace of roughly one round every 18 months.
Awaira estimate based on public data. Not financial advice.
How does Casetext stack up against competitors?
Competitor Comparison
| Metric | ★Casetext | Ironclad | Harvey AI | Relativity |
|---|---|---|---|---|
| Awaira Score | 75/100 | 80/100 | 78/100 | 75/100 |
| Total Raised | $64M | $333M | $806M | N/A |
| Valuation | $650M | $3.2B | $8B | $3.6B |
| Stage | Acquired | Series E | Series F | Private |
| Founded | 2013 | 2014 | 2022 | 2001 |
| Employees | 120 | 400 | 200 | 1750 |
| Country | 🇺🇸 | 🇺🇸 | 🇺🇸 | 🇺🇸 |
Investors in Casetext
Funding Rounds
InactiveLed by Menlo Ventures
$36M
Jun 2021
$13M
Sep 2018
Led by Greycroft
$15M
Jan 2017
Casetext Latest News
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