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ECFX, a company that automates the downloading and distribution of filings in federal and state court cases, has taken a $7 million minority growth investment led by Growth Street Partners, with additional participation from The LegalTech Fund, which specializes in investing in innovative legal technology companies, Cove Fund, and other existing investors.
The company said it will use the investment to expand its platform and further its sales and marketing.
ECFX was founded in 2019 by Dan O’Day, a lawyer and veteran legal tech executive who previously worked for American LegalNet and Thomson Reuters, and Nelson Quintero, a longtime patent attorney.
Read more about ECFX on the LawNext Legal Technology Directory.
The company said that its customers include law firms of all sizes, including several Am Law 100 firms, such as DLA Piper LLP (US), Dentons US LLP, Cooley LLP, and Cole Scott & Kissane.
“We are on a mission to help law firms reduce risk and increase efficiency,” O’Day, the company’s CEO, said in a statement.
Cofounder Quintero said, “Partnering with Growth Street positions us to continue building out our team, investing in our industry leading product, and further expanding our leadership position in this growing category.”
Growth Street cofounders Nate Grossman and Steve Wolfe cited the growing need for technology to manage court notices. “ECF notices are growing rapidly as court systems across the country continue to go digital, and law firms are wasting time and money manually processing these notices,” they said in a statement.
[Disclosure: I am on the board of advisors of PacerPro, a company that competes with ECFX.]
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