The LegalTech Fund Research
Investment Thesis
The LegalTech Fund (TLTF) was founded in 2021 as the first venture capital fund dedicated exclusively to legal technology. The firm's thesis is that legal technology has moved from a niche category to infrastructure sitting at the center of every business transaction, and that the $1 trillion legal services industry is undergoing the kind of systemic technology transformation fintech and healthtech experienced a decade earlier. TLTF backs founders building AI platforms, workflow automation tools, analytics systems, legal hiring solutions, data security products, and technology that improves speed, accuracy, and scalability across the legal ecosystem. Co-founder Zach Posner has framed the opportunity directly: "Legal technology is no longer niche; it is starting to be understood that it sits at the center of every business transaction."
Sector Focus
TLTF invests exclusively within legal technology and adjacent regtech, spanning:
- AI-enhanced litigation and deposition intelligence
- Contract lifecycle management and contract intelligence
- Workflow and practice-management automation for law firms
- Legal recruiting and staffing platforms
- Compliance, data security, and access-to-justice tooling
- Legal analytics and outcome prediction
Stage Focus
The fund invests at pre-seed, seed, and seed-plus, with selective follow-on participation through Series A and, in some cases, Series B. TLTF explicitly funds pre-revenue companies, with a stated preference for founders who have former-lawyer or law-firm operating backgrounds.
Check Size
Exact check sizes are not publicly disclosed. Based on round sizes TLTF has participated in (e.g., $5.5M-$6.5M seed rounds as one of several co-investors), typical initial checks are estimated in the low-to-mid six figures at pre-seed/seed, with capacity to write larger checks from the $110M Fund II for follow-ons into Series A.
Lead Tendency
TLTF appears in most disclosed rounds as a participant alongside other institutional and strategic investors (e.g., Golden Section, Long View Tech Ventures, Alliance VC) rather than as the sole or clearly-stated lead. Lead tendency is best classified as "follows" pending clearer deal-level attribution.
Recent Activity
TLTF closed its second fund, a $110M vehicle, in November 2025 - roughly 4x its $28.5M debut fund. Lead investors in Fund II include global law firm McDermott Will & Schulte ($10M commitment) and legal-services company Consilio, with participation from Clio, Docusign, Harbor, Orrick, Thomson Reuters Ventures, and Burford Capital. In March 2026, TLTF announced a formal ecosystem-investing partnership with Harvey (the legal AI company), under which Harvey and TLTF will co-invest in and help systematize inbound startup opportunities across the legal AI ecosystem; the two organizations also launched Phase 2 of "Pathways: The Future of Law," a joint research project on the legal industry's trajectory through 2040. In March 2026, TLTF also participated in seed rounds for Newcode.ai ($6.5M, an AI operating system for legal work) and Skribe ($5.5M, a deposition intelligence platform).
Portfolio Highlights
TLTF has made roughly 122 investments across two funds. The public portfolio page lists ~90 active and exited companies, including AI-native litigation and contract tools (Wexler, Spellbook, Cloverleaf AI, Entegrata, Foundation AI, Newcode.ai), workflow and practice-management platforms (Lawmatics, FirmPilot, Oddr, Streamline AI), legal recruiting (Flo), compliance and data security (BlackCloak, Qualytics), and access-to-justice products (HelloPrenup, Solo, Easy Expunctions). Notable exits/liquidity events include Aumni, an investment-analytics platform acquired by J.P. Morgan Chase in March 2023 (J.P. Morgan later announced it would wind down the standalone Aumni product in 2026). Other portfolio companies flagged as exited on the firm's own site include Clara, Lexverify, Monadd, Noetica, Screens (Agiloft), and The Contract Network, though public, source-backed detail on each individual exit was not found during this pass.
Team
TLTF is led by co-founders Zach Posner and Sam Elhag as Managing Partners, supported by a nine-person core team and six venture partners:
- Zach Posner - Managing Partner & Co-Founder. Three-time entrepreneur turned investor; 15+ years as an early-stage CEO with venture and board experience.
- Sam Elhag - Managing Partner & Co-Founder. 15+ years as an early-stage CPO/co-founder with technical product and operational expertise.
- Gordon Crenshaw - Partner. 10+ years across venture, growth, and private equity; formerly at the University of Virginia endowment and Citi investment banking; MBA Wharton.
- Carly Levin - Partner, Strategic Initiatives. 15+ years in deal-making and capital markets; formerly J.P. Morgan and Chief Strategy Officer at Cover Whale.
- Ryan McQueeney - Chief Financial Officer. 15+ years as a VC/PE-backed startup CFO.
- Casey Tierney - Investor. Formerly Corp Dev at AvidXchange and Valuation & M&A at Grant Thornton.
- Tanner Rogers - Investor. Formerly technology investment banking at D.A. Davidson; JD/MBA UC Irvine.
- Rebecca Engel - Head of Platform. Formerly strategy/CX leadership at UCHealth and Planned Parenthood.
- Shannon McCaw - Business Operations Associate. Formerly sponsor coverage at Clearsight Advisors.
- Rick Banks, JD - Venture Partner. Professor at Stanford Law; Faculty Director, Stanford Center for Racial Justice.
- Matt Garretson - Venture Partner. Founding partner/CEO of Garretson Resolution Group.
- Erez Kalir - Venture Partner. Formerly Tiger Management and McKinsey; JD Yale Law School.
- Michael B. Moradzadeh - Venture Partner. Founding CEO of Rimon PC and NovaLaw; JD Columbia Law School.
- Bill Murphy - Venture Partner. Managing Partner of Cresting Wave; former CTO of Blackstone; co-founder/former CTO of Capital IQ.
- Jeroen Plink - Venture Partner. Co-founder/COO of Legal Technology Hub; former CEO of Practical Law US (sold to Thomson Reuters).
Decision Process
Not explicitly disclosed. Given the partnership structure (two co-founder Managing Partners plus a Partner-level investment team) and the presence of dedicated Investor-title staff who source and diligence deals, "partnership" is the best available classification.
Founder Preferences
TLTF has stated a preference for founders with former-lawyer or law-firm operating experience, funding pre-revenue teams building AI-native or workflow-automation products for the legal industry. The firm emphasizes access to its "unparalleled network" of legal-industry leaders (law firms, in-house counsel, legal-services companies) as a differentiated value-add beyond capital.
Geographic Focus
Global, with a base in Fort Lauderdale, FL (offices listed at 501 East Las Olas Boulevard). Portfolio companies span the US, UK, Brazil, and Australia, reflecting an international mandate within legal tech specifically.