Eying An IPO In The Next Year, LegalZoom Raises $66M From Kleiner Perkins And IVP

You may have heard of LegalZoom, which is basically an online service that helps people create their own legal documents. The site makes its relatively easy to do simple legal functions such as writing a last will, incorporating a business, trademark a name or creating a real estate lease. The fact is that paying a lawyer to draw up these documents can be expensive and LegalZoom wants to democratize legal document creation. Investors are betting big on the service as well. A few months ago, LegalZoom announced that it had raised funding from Kleiner Perkins and Institutional Venture Partners. At the time, the company declined to reveal how much it has raised. And now the company is willing to talk numbers?Kleiner and IVP put a whopping $66 million into LegalZoom. That brings the company's total funding to over $100 million.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/C_aEUlIH9D0/

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