Toronto-based MinuteBox has raised a $5 million CAD ($4 million USD) seed round led by Michael and Richard Hyatt to fuel its expansion plans.
Co-founded by a group of former lawyers, MinuteBox provides cloud-based legal entity management software. Like other legaltech startups, MinuteBox saw demand for its solution increase during the pandemic as COVID-19 led slow-moving, traditionally tech-conservative law firms switched to the cloud by necessity to stay in business.
Now, with the backing and guidance of experienced operators in the brothers behind BlueCat—MinuteBox aims to build on its pandemic growth and capture more of the North American market for cloud-based legal solutions.
“We were just set to go to market in and around when the pandemic hit,” MinuteBox co-founder and CEO Daniel Levine told BetaKit in an interview. “What was amazing [was] after the initial confusion and uncertainty wore off … we really saw the business start to accelerate incredibly.”…