Carrick Capital Partners, an investment firm headquartered in San Francisco and Newport Beach, has made an investment in LegalSifter, a technology company that uses artificial intelligence and human experience to provide pre- and post-signature contracts-related software and managed services.
Headquartered in Pittsburgh, Pa., LegalSifter offers its products to thousands of people and partners in 18 countries. The company will use the funding to expand its offerings and scale operations. As part of the transaction, Carrick co-CEO Jim Madden and director Ivan Whittey will join the LegalSifter board of directors, along with Varun Mehta, CEO of Factor, a Carrick portfolio company that is investing alongside Carrick in the transaction.
“Their wealth of experience helping build legal sector pioneers such as Axiom and Factor will be extremely valuable as we enhance and scale the company,” says Kevin Miller, CEO of LegalSifter. “We are excited to leverage Carrick’s funding, insights and relationships to further accelerate LegalSifter’s strong growth trajectory.”