Practice management software company Litify announced it has secured a $50 million Series A investment, and it aims to use the capital to expand into corporate legal departments and small and midsize firms.
The early June announcement came roughly a year after Litify raised $2.5 million from investor Esquire Financial Holdings, a holding company for professional and legal services-facing Esquire Bank in May 2018. Along with its investment, Esquire Financial Holdings also acquired a 5% ownership interest in Litify.
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