Closd
Closd is the collaborative platform for managing legal projects that reinvents the way companies and their counsels carry out legal transactions.
| Date | Investors | Amount | Round |
|---|---|---|---|
€600k | Seed | ||
| Total Funding | 000k | ||
| EUR | 2018 | 2020 | 2021 | 2023 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (768 %) | - | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (768 %) | - | - | - |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Dealroom estimates
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Closd is a Paris-based legal technology company that provides an end-to-end project management platform tailored for legal professionals. The platform is designed to digitize and streamline legal transactions, offering tools such as a new generation data room, automated workflow management, electronic closing, instant bible generation, and document archiving. Closd serves law firms, corporate legal departments, and other organizations involved in complex legal transactions. The company operates in the legal tech market, which has seen significant growth since the early 2010s. Closd's business model is subscription-based, generating revenue through monthly or annual fees for access to its platform. The company emphasizes security and compliance, with data storage in the EU, full data encryption, and regular security audits. Closd also integrates with leading document management systems like iManage to enhance user experience and efficiency. Amid the Covid-19 pandemic, Closd has offered its services free of charge for 15 days to new clients to help sustain economic activity.
Keywords: legal tech, project management, data room, workflow automation, electronic signature, document archiving, law firms, corporate legal, subscription-based, EU compliance.