Reynen Court LLC has secured US$3 million of additional financing in preparation for its Q1 2020 commercial launch. 

Backed by a consortium of nineteen leading global law firms and designed to accelerate the legal industry’s adoption of AI and other new technologies, Reynen Court’s platform has been live in Beta stage since August of 2019. More than fifty law firms and corporate legal departments are working towards a platform launch in the first part of the new year, and over 120 third-party legal tech vendors are in the process of making their products available on the platform.  

The Reynen Court platform eliminates the legal industry’s need to chose between innovation and security / stability. By combining a solution store for legal technology with a powerful control panel, law firms and legal departments can safely run modern cloud based applications in private clouds. This ‘one-stop’ shop also enables firms to manage software subscriptions and provides usage monitoring & advanced application-specific metrics to deliver better predictability of IT software and infrastructure maintenance and expenditure.  

Prins H LLC, an investment vehicle controlled by Reynen Court founder and CEO Andrew D. Klein, is investing in this round together with Ventech, a global early-stage venture capital fund that partners with entrepreneurs to develop and deploy transformative technologies. This round follows the company’s initial $7 million funding in December 2018 by Prins H, Latham & Watkins and Clifford Chance.

“We are delighted to welcome Ventech as a partner,” said Mr. Klein. “We hope to leverage their experience and skill in steering fast growing global technology companies.”

“This additional capital allows us to keep our heads down to focus on on-boarding application vendors and robustly supporting the law firms launching our platform,” Klein continued. “To each vendor and law firm we offer substantial assistance in project planning and technical implementation. This new funding provides us greater capacity to provide these services and thus will help us accelerate adoption by both sides of the marketplace we are creating.” 

“Given the clear benefits of standardization to both the buyers and sellers of legal technology, we believe Reynen Court has the potential to play a significant role in the modernization of the legal industry globally,” commented Ventech general partner Jean Bourcereau. “We are impressed with the vision and the speed at which Andy and his very strong team have built a commercially viable product and secured the support of influential parties on both sides of the marketplace. We look forward to supporting Reynen Court.”