June 19, 2010 — Rocket Lawyer™, the easiest way to make it legal,™ has announced that Investor Growth Capital (IGC) has led a $7 million equity financing to continue accelerating the already strong growth of the company. More than 10 million people visited Rocket Lawyer in the past year to access affordable legal documents and services from lawyers nationwide. The new funds will be used to continue improving and expanding the company’s online legal service platform for consumers, small businesses and lawyers.
In addition, Rocket Lawyer will invest in technology and expanding its workforce. Philip Dur, Managing Director of Technology at IGC, has joined the Rocket Lawyer Board of Directors. Mr. Dur joins Charley Moore, Founder and Chairman, as well as Dan Nye, President and CEO, who joined the Board of Directors in December 2009. Mr. Nye is a Silicon Valley veteran, who has held senior executive roles at Intuit, Advent Software and most recently as CEO of LinkedIn. He also serves on the board of directors of Constant Contact (CTCT), the leader in small business email marketing. In addition to Mssrs Moore, Dur and Nye, the Rocket Lawyer board includes David C. Drummond, Chief Legal Officer of Google (GOOG) and David Palmieri, VP, Consumer Services, of LexisNexis, a division of Reed Elsevier (ENL). “We are thrilled to welcome Phil Dur and IGC to the Rocket Lawyer team,” said Charley Moore. “Phil and the IGC team share our vision for delivering a new, more affordable and simple way for people to get the legal help they need with the latest online and mobile tools. Our goal is to continue attracting and empowering seasoned people and organizations, like Dan Nye and IGC, who share our passion for making online and mobile legal services available to everyone." Rocket Lawyer represents one of the most promising investment opportunities we have seen, Phil Dur added. "We think that small businesses and lawyers will benefit tremendously from what Rocket Lawyer is offering in terms of high quality and low-cost legal solutions." Dan Nye said, “It's exciting to have such high caliber investors, board members and employees join Rocket Lawyer. All of these individuals are exceptional people and they all share our belief that legal services should be easier to obtain and more affordable. Making legal services more available and affordable is a wonderful mission which inspires us all."
In addition, Rocket Lawyer has added several new leaders with significant and unique experience from successful Bay Area companies such as Google, Ebay, StubHub, Oracle and Esurance. For example, Jen Mazzon recently joined Rocket Lawyer to lead the product management team. Most recently, Jen worked for Google. Jen joined Google through the acquisition of Writely, a core component of the Google Docs platform. Prior to Writely, Jen spent more than 10 years in product management at Intuit where she learned to build easy-to-use software for small business owners and consumers.
This article contains general legal information and does not contain legal advice. Rocket Lawyer is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.