Vista Credit Partners, a strategic credit investor and financing partner focused on the enterprise software, data, and technology markets, led a major growth capital financing of $223 million Rocket Lawyer, a legal service provider. Rocket Lawyer and Vista will collaborate to scale the Rocket Legal Cloud platform to meet the demand for the company’s digital tools.
“Nearly every day, examples of injustice make headlines. And for every headline-grabbing incident, there are countless others,” said Charley Moore, CEO and founder of Rocket Lawyer. “Vista Credit Partners shares our commitment to bring justice within reach of everyone with a connected device. For most people and organizations, ‘justice’ means being able to create written contracts, negotiated and executed in a fair and transparent process. ‘Justice’ means being empowered to stand up for oneself with knowledgeable, reliable and efficient counsel. ‘Justice’ means being able to successfully navigate the complex landscape of government regulations via simple interfaces.”
“We are thrilled to be partnering with Charley Moore and the impressive Rocket Lawyer team, who have pioneered an important technology at a time when millions of people need affordable legal services,” added David Flannery, President of Vista Credit Partners. “The pandemic has hastened the transition of legacy systems to a more accessible digital future, especially in the legal sphere. We believe this climate gives Rocket Lawyer an incredible growth opportunity, and we look forward to supporting their mission to democratize access to legal services.”
Rocket Lawyer was represented by Goodwin Procter LLP and Manatt, Phelps & Phillips LLP, as legal counsel on the financing. VCP was represented by Akin Gump Strauss Hauer & Feld LLP.