Chicago-based Heretik, a legal software startup, announced this week that it has raised $2.4 million in a seed funding round.
The round, led by Sam Yagan’s Corazon Capital, will help the company expand its sales, marketing and customer success teams, and improve its product. Other investors in the round include Chicago Ventures and Relativity, a Chicago-based legal software platform that Heretik has built theirs on.
“We’re seeing law firms and service providers differentiate their services and find ways to make contract review more efficient with Heretik in Relativity,” said Charlie Connor, CEO and co-founder of Heretik, in a statement. “This investment is allowing us to further support our customer’s growth initiatives and continue building quality solutions that exceed our clients’ expectations.”
Heretik, founded in 2016, has built an algorithm-based software that helps law firms review contracts more efficiently.
“Having closed dozens of M&A deals in over 20 years of investing, I’ve seen a clear need for a contract review solution like Heretik in the marketplace,” said Steve Farsht, co-founder of Corazon Capital and Heretik board member, in a statement. “We’re thrilled to be partnering with Heretik and are looking forward to the company’s continued growth.”
