New York based litigation finance startup Litify has secured $5m in venture funding from Fortress Investment Group LLC. Litify's software is designed specifically to allow law firms to have far greater insights and transparency into their operations. The software improves law firm efficiency by providing an intuitive and streamlined platform for intakes, referrals, case management, and internal and external communication.
The financing builds on an exceptional year for Litify, which has seen rapid adoption of its software by leading law firms, key executive appointments and strong market momentum. The $5.0 million investment will help Litify aggressively expand its sales and marketing efforts as well as broaden and accelerate product development. Litify was born out of founder Reuven Moskowitz's and John Morgan's vision to revolutionize the business of law. Recognizing a significant gap in the legal industry, the two pioneered an innovative solution for transforming law firms into high-performing businesses. To make their vision a reality, they have assembled an accomplished team of executives from Salesforce and other leading enterprises.