All of the monikers and buzz has paid off as Juristat today announced that they have successfully closed a funding round led by Arsenal Capital Management. The funding round, totaling $1,200,000, also saw participation from Dave Peacock, former president of Anheuser-Busch; Jack L. Oliver III, Senior Policy Advisor for the law firm of Bryan Cave; Rick Holton of Holton Capital Group; and Jim Eberlin, founder of Gainsight, Host Analytics, and TopOpps. Eberlin also formally joined Juristat’s Board of Directors as an independent, outside director a few months ago and jumped at the first opportunity to invest in the company. This round of strategic funding is going to help Juristat plan an expansion of their development and sales teams as they prepare to debut new products and scale the business over the 2015 year.
“Big data and predictive analytics have exploded into multi-billion dollar industries,” adds Holton. “And Juristat is leading the charge to bring big data to the largely untapped legal market. I have been consistently impressed with Drew and his team, and I’m confident their innovative vision will exceed all of my expectations.”
