The LegalTech Fund has closed a $110 million second fund

The LegalTech Fund, the US-based early-stage venture fund, has closed a $110 million second fund. The raise is nearly four times the size of its $28.5 million debut in 2021, a standout result in a tough venture market and one of the largest dedicated legal tech funds to date.

McDermott has returned as an anchor investor with a $10 million commitment. E-discovery provider Consilio has also joined as a lead strategic investor, alongside participants including Clio, Docusign, Harbor, Orrick and the venture arm of Thomson Reuters.