Reynen Court Invites Individuals to Participate in Series A of Online Share Offering


Reynen Court today (September 21) announced the launch of an online share offering that will open its Series A investment round to individual shareholders outside of its current law firm and backers venture capital.

Founded in 2018, Reynen Court provides a platform, similar to an app store, that makes it easier for law firms and legal departments to find, test, adopt and manage cloud-based third-party software applications without having to relinquish control of their data.

Venture capital funds and four major law firms have invested $19 million in seed capital to date.

The new online offering, which will be conducted pursuant to Rule 506(c) of the federal securities laws and available to https://invest.reynencourt.comis an extension of the company’s recently completed funding round led by Ventech, a $1 billion global venture capital fund.

Speaking to Legal IT Insider to explain why the extra funding is needed, Founder and CEO Andrew Klein said, “Like all start-ups, smart development requires you to find a balance between having too much money (turns very dilutive by collecting too much too soon) or too little (big problem if you wait too long to reroll the next round.) I think we’re handling this well, but in the current economic climate, we’re also not looking to be too smart.

“We have a healthy cash trail and the business (the important point) is growing steadily with increasing momentum. But given current market conditions, we would much rather push back the date when we will raise a larger Series B.

“So the question is how best to do it. And if you follow the threads of my personal story, it shouldn’t surprise you that we’ve been set on a very atypical path: raising additional capital from people who understand the issues we’re addressing and share our passion for the future consider us.

“As you know, Reynen Court has benefited immensely from the incredible support we have received from our consortium law firms and in particular from the big four firms who have also become shareholders. These companies have taught us a lot about the needs of large companies; they also helped us develop standards and meet and influence application vendors. We think it makes perfect sense to now try to deepen our alignment with so many other lawyers and legal tech enthusiasts – and getting them to invest money with us creates a super powerful bond, while providing us with the additional capital that extends our trail.”

He added: “I would also like to note that we are making the current offer available to individual investors on the same terms and at the same price as those recently negotiated by our institutional shareholders (notably Ventech (a billion dollars), Latham & Watkins and Clifford Chance). “It hasn’t been easy on tech stocks over the past few quarters. What I mean is, I think we’re making a very fair offer to the public investors that we’re now inviting to join Series A.”

Klein founded Reynen Court with a consortium of 20 of the world’s leading law firms to help him grow the business from its early phase. More recently, Reynen Court formed a second consortium of 22 of the most influential corporate legal services. Global law firms Latham & Watkins, Clifford Chance, Nishimura & Asahi and Orrick were early investors.

“We believe passionately in the power of community,” Klein said. “We intend to secure capital to fuel our growth and, at the same time, significantly improve our alignment with the broader legal community, lawyers, technologists and innovation professionals who are the real drivers of the future of our sector. »

This isn’t Klein’s first online fundraiser. His first venture after leaving Cravath was a microbrewery called Spring Street Brewing Co. In 1995, he came up with the idea of ​​raising capital for the brewery by offering stock via the internet to the growing community of craft beer consumers. The brewing company has raised a few million dollars in what has become widely recognized as the world’s first online stock offering.

The offering is open to accredited US investors. To access the offer, visit


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