Fundraising

Atrium’s Next Phase of Growth

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When we founded Atrium just over a year ago, it was just an idea: how could we transform the legal industry to be better for founders and for lawyers? In the past year, we’ve made significant progress towards realizing that vision, and today is another milestone on that path.

I’m happy to share the good news that Atrium has raised a $65M round of funding led by Andreessen Horowitz with General Catalyst, YC Continuity Fund, and Sound Ventures as co-investors. Andrew Chen and Michael Seibel will be joining our board, and Marc Andreessen will be joining as a board observer.

This is incredible news for Atrium. We’ve always been focused on becoming the most client-centric platform for legal applications for fast growing companies and it feels great that we’ve received such strong support from others. Andreessen Horowitz is one of the world’s most prestigious VC firms. They have backed amazing companies and founders, making early investments in companies including Airbnb, Facebook, Lyft and Skype.

New Board Members

I’m excited to welcome three board members who I know will help accelerate the vision of our business, each in their own way.

Marc is someone that I’ve looked up to for a long time, and I know I’m not the only one. I’ve always admired his strategic mind, and drive to push founders to think bigger. When I made the list of all the investors I wanted involved with Atrium, Marc was at the top.

Andrew has been a supporter of Atrium since day one, when he angel invested in our first round last year. When I first told him about Atrium and the problem we were looking to tackle, he understood it immediately and asked to help. Read more on his take here.

Michael and I have been friends for decades. He joined me in founding Justin.tv (which later became Twitch). Since then he’s gone on to become a leader in the startup community, advising hundreds of founders, and is currently CEO at Y Combinator. I can’t think of a better voice to help represent the needs of startups as we build Atrium into a company that helps startups grow faster.

What’s Next?

Since launching Atrium 14 months ago we have made great strides. We’ve helped over 250 clients raise a total of over $500 million in primary financings, and have built the A-team into over 110 great employees who are motivated to change this industry. We are also announcing that this summer we acquired the AI company Tetra to help us build our technology platform. This weekend we’re hosting Atrium Scale to help founders professionalize their fundraising process (read more here). I couldn’t be more proud of our team so far.

As I’ve been known to say, a round of financing isn’t a destination: it’s a means to continue to grow and deliver better service. However, this one feels especially great and we’re thrilled our new partners will help us along our journey to make Atrium the preferred law firm for high-growth companies.

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Justin Kan is an internet entrepreneur and investor known for founding various companies, including Twitch--a video game streaming platform (acquired by Amazon for $970mm). He served as Partner at Y Combinator, where he impacted over 900 companies and funded more than 130. Currently, Justin serves as CEO of Atrium, where he's building technology to revolutionize the $450bn legal industry.

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