Dealcloser: A New Wave of Innovation in Legal Transaction Management

Securing $2.5M in funding, North America’s fastest growing transaction management hub, Dealcloser, accelerates expansion and platform development.

Key Takeaways:

  • Dealcloser, a transaction management hub, secures a funding round of $2.5 million, co-led by Bryce Catalyst and Fernwood Holdings.
  • The funding will fuel growth in North America and Europe, expand the platform’s capabilities, and allow the company to serve customers in other verticals.
  • Dealcloser is trusted by AM Law 200 firms and has seen a 310% increase in deals created on its platform over the past year.
  • The company recently added industry veteran Jag Dhariwal as Chief Growth Officer and launched integrations with DocuSign, iManage, and NetDocuments.

Redefining Transaction Management: Dealcloser’s Innovative Journey

As a rapidly expanding entity in the legal tech space, Dealcloser’s newest funding round announces the company’s intent to continue its trajectory of transformative growth. The Alberta-based transaction management hub recently secured a capital investment of $2.5 million, co-led by Bryce Catalyst and new investor Fernwood Holdings, along with participation from other investors.

This significant financial injection is destined to not only accelerate the growth of Dealcloser’s user base but also to further enhance its robust platform. The funds will enable the company to hire additional sales and marketing personnel, allowing Dealcloser to extend its reach to law firms across North America and Europe. Furthermore, the financial boost is intended to spur the development of the platform, extending its capabilities to serve a wider variety of customer verticals.

CEO Amir Reshef notes, “Dealcloser is trusted by AM Law 200 firms, and our incoming investment will accelerate our mission to deliver a market-leading solution for the world’s largest law firms.”

Steady Growth and Continued Confidence

Dealcloser’s journey from an early-stage transaction management platform to a mature, comprehensive solution has been bolstered by sustained investor confidence. Cary Burch, CEO of Bryce Catalyst, reflects on the company’s evolution, saying, “Since our last investment, Dealcloser has grown from a promising early-stage transaction management platform to a mature, all-in-one solution used by an impressive and growing list of firms.”

Dealcloser has consistently demonstrated its value and efficacy in the market, boasting a record-breaking year marked by a 310% increase in deals created on its platform over the last 12 months. This impressive uptake underscores Dealcloser’s value proposition and the market gap it fills. Fernwood Holdings partner and new investor Bill Glenn affirms, “Having witnessed firsthand the market gap the product fills, we believe the company is well-positioned to continue on its strong trajectory and establish itself as a market-leading solution.”

Reinforcing Leadership and Enhancing Capabilities

Further testament to Dealcloser’s commitment to growth and development was the addition of legal tech veteran and serial entrepreneur Jag Dhariwal to the leadership team as Chief Growth Officer. Alongside this key appointment, Dealcloser has announced integrations with DocuSign, iManage, and NetDocuments, continually improving and refining their software capabilities.

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About Dealcloser

Dealcloser is a software designed for corporate legal professionals at all levels, firm sizes, and stages of the deal closing process. Offering a more streamlined experience than other transaction management platforms, Dealcloser handles everything from project checklists and version control to e-signatures and closing binders on its platform.

About Bryce Catalyst and Fernwood Holdings

Bryce Catalyst and Fernwood Holdings are venture capital firms with a knack for recognizing and investing in high-growth potential companies. Their combined expertise and strategic investments have bolstered the growth and development of companies like Dealcloser, enabling them to leverage their innovative solutions to scale and thrive in the ever-evolving tech space.

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