Edmonton's dealcloser secures $1.75M seed round from Bryce Catalyst
Legal transaction management hub dealcloser has secured a $1.75 million seed round from U.S.-based investment firm, Bryce Catalyst.
The company serves legal firms by automating and modernizing the deal-closing process to eliminate non-value-added tasks that can lead to error. The investment, which was announced on Jan. 26, will help the company scale up as it heads into 2021.
"We've proven now that dealcloser is a valuable product that people want and that we make an impact on the day-to-day working lives of lawyers, paralegals and assistants all over North America. With that foundation, the funds will be used to fuel growth. We'll be able to spend more on things like digital advertising to hiring more developers to turning around new features faster," Amir Reshef, CEO of dealcloser, told Taproot.
Investment firm Bryce Catalyst is managed by Bryce Partners and was formed in October 2020. Its co-founders, Cary Burch and Erik Baklid, have 60 years of experience combined working with global technology-based companies, and connections throughout the legal tech industry, said Reshef.