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LegalZoom Readies for IPO After Raising $66M in New Capital

Posted Jul 25, 2011 10:23 AM CDT
By Debra Cassens Weiss

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Updated: Do-it-yourself legal document service LegalZoom is readying for an initial public offering after raising $66 million from two venture capital firms.

LegalZoom raised the money from Kleiner Perkins and Institutional Venture Partners, Tech Crunch reports. The latest capital infusion brings total funding for LegalZoom to $100 million.

LegalZoom CEO John Suh told Tech Crunch an IPO is on the horizon but there is no rush to go public.

Prior coverage:

ABAJournal.com: “Alabama Bar Group Files Suit to Ban LegalZoom”

ABAJournal.com: "Suit Claims LegalZoom's Document Prep is Unauthorized Practice"

ABAJournal.com: "Wash. AG’s Settlement with LegalZoom Bars Fee Comparisons Absent Disclosure"

Story updated on July 26 to state that LegalZoom CEO John Suh says an IPO is on the horizon, to accord with revised TechCrunch story.


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