Esquify Secures $710,000

Enterprise IT startup Esquify announced it has raised $710,000 in seed financing. Three investors participated in the round: Network Ventures, Foley Ventures, and Bridge Investment Fund.

Founded in 2014 and based in Chicago, Esquify’s goal is to use technology to revolutionize how attorneys practice law, particularly in eDiscovery. The company replaces current in-person litigation document review with a virtual solution using a patented, machine-learning technology.

Esquify’s proprietary supervisory technology and communication tools allow reviewers to perform virtual, secure, and efficient reviews using existing e-discovery platforms to access documents. As a result, customers have reduced their review costs by 20 to 45 percent while receiving better, more efficient reviews.

According to the company, the seed financing came on the heels of an exceptional year for Esquify, which saw rapid growth of more than 500 percent.