Software Startup Atrium LTS Secures $10.5 Million
Atrium LTS announced it has raised $10.5 million in financing. The round was led by General Catalyst, with 25 other venture capital firms participating, including 500 Startups, Arena Ventures, Binary Capital, Box Group, Brainchild, First Round Capital, Founders Fund, GGV Capital, Greylock, NEA, Shasta Ventures, Signia, Soma Capital, SV Angel, and Thrive Capital Partners, among others.
Atrium LTS provides tools and processes to transform the delivery of corporate legal services. The company was founded by Justin Kan, a Y Combinator partner who is widely known for founding Kiko, the first AJAX web calendar; Twitch, a video game streaming platform (acquired by Amazon for $970 million in 2014); and Exec, an on-demand maid service (acquired by Handybook in 2014). Justin is on a mission to bring innovations in business and technology to the $96 billion legal services industry. The company’s goal is to build a legal technology company to automate repetitive, low-value work and to allow firms to deliver speed, transparency, and cost certainty to their clients.