Legal technology has been a slow-burning market for Y Combinator, the prestigious Silicon Valley accelerator backing some of today’s most prominent technology companies. The accelerator offers growing startups a $120,000 investment and a mandatory participation in its summer boot camp-style program, culminating in a Demo Day showcasing new deliverable products.
Until very recently, the accelerator funded almost as many lawn-care startups as law-based startups, but Y Combinator has shown far more interest in the field in the last few years. YC president Sam Altman reportedly told Above The Law that “legal is an area he really likes.” To date, however, most of the legal tech supported by the accelerator is aimed at regular consumers rather than attorneys themselves, leaving Big Law enterprise tech investments to other venture capitalists.
