Amsterdam’s Reynen Court raises €3.89M to accelerate adoption of cloud-based tech for legal industry

Amsterdam-based Reynen Court, a legaltech platform, announced on Wednesday that it has raised $4.3M (nearly €3.89M) of additional funding in a fresh round. The investment came from three new investors and existing shareholders. 

The startup claims to make it fast, easy and affordable for law firms and legal departments to adopt and manage cloud-based software applications without having to sacrifice security or stability.

Investors in this round

Reynen Court’s new investors include venture capital funds Bryce Catalyst – an investment company with a focus on high growth sectors in cyber security, legal technology and regulation technology; and Forefront Ventures Partners, a firm that invests in innovative post-revenue companies led by growth-oriented entrepreneurs.

The round also saw participation from existing investors, including global early-stage VC Ventech and international law firms Clifford Chance and Latham & Watkins.

Cary Burch, President and CEO of Bryce Catalyst, says, “The legal industry is facing an onslaught of new software applications and most of these have been designed and built to leverage cloud computing. Due to security and data protection policies, however, it is extremely costly and time-consuming for large legal organisations to vet and secure permission to use new saas solutions. By making it easy for law firms and law departments to adopt and run third-party software applications in private cloud infrastructure under their own control, we believe Reynen Court is strongly positioned to play a central role in the transformation of the legal industry.”

Providing cloud-based technologies for the legal industry

Founded in 2018 by Andrew Klein, Reynen Court enables law firms and corporate legal departments to speed their adoption of AI, Smart Contracts and other new technologies. The company enables firms to run cloud-based applications either on-premises or within virtual private clouds under their control – thus giving access to modern software solutions without requiring a sacrifice of security or stability.

Reynen’s platform also lets firms manage subscriptions and provisioning from one place, and provides valuable telemetry and enhanced interoperability between and among third-party applications.

Currently, the company’s technology platform supports more than fifty of the largest law firms and corporate legal departments.

Andrew Klein says, “Reducing the time and cost involved in sourcing, testing and safely deploying new cloud-based solutions is clearly an important objective for large legal organisations. We look forward to helping accelerate business transformation for both the buyers and sellers of legal technology.”