Goodwin Procter represented client Rocket Lawyer Incorporated, a San Francisco-based online legal service, in an $18.5 million Series D financing round completed August 10, 2011. The financing, which was led by August Capital and included Google Ventures and Investor Growth Capital, will be used to continue building Rocket Lawyer's brand and patent-pending online legal solutions.
Rocket Lawyer has helped more than 15 million small businesses and consumers create customized legal documents that can be electronically signed online and shared instantly or downloaded for printing. Each month, more than 20,000 wills and 40,000 business contracts are created through the site at no charge to users. According to Rocket Lawyer, more than 20 million individuals will have used the site by the end of 2011.
"We’re pleased to have served as an advisor to Rocket Lawyer’s on this successful round of financing. The online legal services industry continues to grow exponentially, offering time- and money-saving solutions to small businesses and individuals," said Caine Moss, the lead Goodwin partner on the deal.