MinuteBox launches revolutionary store and announces Seed funding led by Michael and Richard Hyatt
TORONTO, Canada - March 7, 2022 – MinuteBox, the cloud entity management platform trusted by legal professionals, announces a $4M USD seed-round investment to support continued growth.
MinuteBox is the only no-code legal entity cloud that supports tens of thousands of entities at scale with industry-leading end-to-end security. MinuteBox enables corporate legal professionals to easily share, work and collaborate with one another at a global scale.
“This funding provides the company an opportunity to accelerate its growth and achieve its vision of bringing legal practice into the 21st century. We’re excited to grow our already exceptional team, increase investment in our product to help serve legal professionals and further our growth in Canada and the United States.” says Co-Founder and CEO, Daniel Levine.
MinuteBox is currently used by Canada’s largest and most innovative law firms. Loopstra Nixon LLP, an early adopter of MinuteBox, was looking for a solution to modernize its corporate law practice and transition to the cloud.
“We are proud to have been an early partner of MinuteBox. They have been instrumental in helping us transform our corporate records management system into a more accurate and accessible system for our clients.” says Michael Otto, Partner at Loopstra Nixon LLP.
The financing is led by two of Canada’s most successful entrepreneurs and investors – Michael Hyatt and Richard Hyatt, founders of BlueCat Networks. In connection with this fundraising, Michael Hyatt has also joined MinuteBox’s Board. Additional notable investors include Cowie Capital and Jai Shekhawat, Founder and former CEO of Fieldglass.
“We believe strongly in legal technology as a growth opportunity and align with the mission of MinuteBox. We are impressed by MinuteBox’s growth to date, highlighted by marquee enterprise clients in Canada and the United States, which include some of the largest and most reputable law firms in the world. They have figured out how to transform legal from physical to the cloud, a must for innovative law firms.” says Michael Hyatt.
Since launching, MinuteBox has been a market-leader in innovation, arriving first-to-market with e-signature integration, no-code document automation and multi-factor authentication with industry-leading security.
MinuteBox is announcing today the launch of another industry first: the MinuteBox App Store. It is the first, and only of its kind, legal entity management marketplace. App Store is designed to enhance and support the delivery of services to clients and is launching with a growing library of hundreds of templates, precedents, workflows, integrations and guides.
Today’s launch of MinuteBox App Store highlights the launch of legal automation workflows, which are designed to streamline and automate routine entity management tasks, such as annual minutes, corporate resolutions and shareholder management. MinuteBox App Store includes stock certificate templates and other beautifully-designed legal stationery that enable branded legal experiences.
This launch is yet another industry-first for MinuteBox, who revolutionized entity management with many industry-firsts including its e-signature integration, no-code document automation and unrivaled security posture.
In less than two years, MinuteBox has taken the legal industry by storm, achieving 40% market share of Canada’s Seven Sister law firms, 25% of the Big Four accounting firms and 30% of Ontario’s top 10 regional firms, who join a growing list of innovative, cloud-ready law-firms and legal departments.
About MinuteBox MinuteBox was founded by Daniel Levine, Steven Pulver, Sean Bernstein and Brian Hunt with the vision of bringing corporate legal practice into the 21st century. MinuteBox is an innovation leader in legal tech and, since 2008, its products have taken entity management into the future with multiple legal-industry firsts including cloud storage, document automation and e-signature. MinuteBox allows users to easily visualize reports, ledgers, registers, ownership charts and capitalization tables without the need to generate PDFs. MinuteBox values ease of use, security and efficiency at the heart of everything it does. For more information about MinuteBox, visit www.minutebox.com.