Last Round
Accelerator
Sep 6, 2022
Total Funding Raised
$2.85M
Company Overview
Advocat is a legal tech company that provides an AI-powered platform for creating, collaborating on, negotiating, and managing legal documents.
Sector
Enterprise Software
Verticals
Legal Tech, Document Management, Workflow Automation, NLP & Conversational AI
Business Model
B2B
Customer Profile
Subscription SaaS, Usage-Based SaaS
AI Layer
Application
Keywords
CLMcontract lifecycle managementlegal techAI contract reviewlegal opslegal operationscontract automationlegal AIcontract draftingAI copilot for legallegal intakeredliningcontract repositoryworkflow automationB2B SaaS
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Advocat Comps
Public and private peers based on sector, stage, and business model.
| Company | Status | Est. Valuation | Rev Multiple |
|---|---|---|---|
| OpenAI | Private | $86.0B | ~40x |
| Cohere | Private | $5.0B | -- |
| Competitor 1 | Public | $XX.XB | XXx |
| Competitor 2 | Public | $XX.XB | XXx |
Advocat Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Accelerator | Sep 6, 2022 | ||||
| Seed | May 1, 2021 | ||||
| Seed | Mar 22, 2021 |
Advocat Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Spark Growth Ventures | Seed |
| REFASHIOND Ventures | Accelerator |
| Morgan Stanley Inclusive Ventures Lab | Accelerator |
| San Diego Angel Conference | Seed |
| Mastersfund | Accelerator, Seed |
Advocat Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Advocat's valuation, stock price, and market status.
Firmographic Details
HeadquartersSeattle, Washington
Employee Range13
Year Founded2019
Last FundingSep 6, 2022