Corporate visualisation platform Jigsaw has raised $15m Series A, which brings the total funding raised by the legal tech startup since February 2023 to $25m, which includes until now unannounced pre-seed and seed funding.
Jigsaw was founded by former magic circle lawyer turned banker Travis Leon and investment funds lawyer Stephen Scanlan. Prior to Jigsaw they founded XRef, which was acquired by K1 in 2016 and merged with Microsystems (becoming part of Litera).
The $15m Series A is led by Exor Ventures. It follows pre-seed and seed funding of $10m raised last year from a collection of partners at some of the world’s largest law firms including Linklaters, Allen & Overy, Freshfields Bruckhaus Deringer in the UK, and Gibson, Dunn & Crutcher, White & Case and Milbank in the US.
Speaking to Legal IT Insider earlier this year, Leon said: “We have had explosive growth and have needed to grow to support that demand.” The investment will go largely towards product development, with Jigsaw in the last few months launching Timelines. Whereas lawyers have traditionally used Jigsaw to help them visualise transactions and corporate entities, they can now also use it as a visual project management tool, so that the likes of litigators can use it to keep track of court dates. Leon said: “A lot of people create lists but we can suck those up and automate the creation of a visual that shows you how it will look. We have had a huge interest in that. Everyone is moving away from long lists and litigators always need to create timelines, so our technology means they can more easily see if they add up or they don’t.”
Jigsaw now has over 130 staff, up from 30 people just 18 months ago.