Newport Beach-based private equity firm Carrick Capital Partners said today it had invested in Pittsburgh-based LegalSifter, a legal services software company. The amount of the investment was not disclosed.
LegalSifter “leverages differentiated artificial intelligence and human expertise to provide pre- and post-signature contracts-related software and managed services,” the companies said in a statement.
The funding will be used to expand LegalSifter’s offerings and to scale operations. The company focuses on contracts.
As part of the transaction, Carrick Co-CEO Jim Madden and Director Ivan Whittey will join the LegalSifter board of directors, along with Varun Mehta, CEO of Factor, a Carrick portfolio company that is investing alongside Carrick in the transaction.