Venture Capital News: Case Status Raises $1.5M in Series Seed II
2020-03-11
BIRMINGHAM, AL, Case Status announced today that it has received Series Seed II investment funding of $1.5M from venture investment firm BIP Capital.
Case Status, a client relationship management and marketing platform for law firms, announced today that it has received Series Seed II investment funding of $1.5 million from venture investment firm BIP Capital. The funds will be used to support the company's continued rapid growth, including the addition of new veteran personnel and the development of new feature sets for specific practice areas.
Case Status saves lawyers time while improving the client experience through better, more efficient communications. By providing clients with a better experience, lawyers are able to build cases faster and increase referrals and positive reviews from existing clients.
"It's fascinating that in a world where you can track everything-from Amazon packages to the status of your pizza order-there was no way for clients to track the status of their case, one of the most important things going in their lives," said Lauren Sturdivant, lawyer, co-founder, and CEO of Case Status. While practicing, Sturdivant felt the pain of trying to keep all of her clients updated. She began looking for an available solution but was unable to find one. Sturdivant made the decision to leave her law firm and build a client relationship management solution for the legal industry.
"Lack of communication is the number one complaint to every state bar association in the country. Lawyers struggle with heavy workloads and often do not have the time to constantly update their clients. Yet at the same time, clients are scared and don't understand the process. They just want to know what's going on and need to feel that their lawyer cares and is working on their case," she said. "Case Status delivers a way to provide such communications more efficiently."
"We're excited to partner with Case Status to resolve a common but critical pain point between lawyers and their clients-a dearth in regular communications," said Dan Drechsel, senior vice president at BIP Capital. "We look forward to working with Lauren and the Case Status leadership team to continue the company's momentum in this untapped area."
About Case Status
Headquartered in Birmingham, Alabama, Case Status is a client relationship management and marketing platform for law firms. Its technology resolves the pain points lawyers face daily by managing the client relationship through technology, including the delivery of case updates, automated touches, scheduled messages, and more. Case Status enables lawyers to save time and grow their business, while improving the overall client experience. To learn more, visit www.casestatus.com or follow Case Status on LinkedIn or Twitter @CaseStatus.
About BIP Capital
BIP Capital is recognized as one of the most active venture investors in the Southeast, serving entrepreneurs, investors, and operators to grow the emerging company ecosystem. It applies experience and process to make investment decisions and operational recommendations, allowing its portfolio companies to achieve and stay on a glide path of growth. Areas of focus include Enterprise SaaS, Healthcare IT, Digital Media, Dev Tools, and MarTech. For more information, visit www.bip-capital.com or follow BIP Capital on LinkedIn or Twitter @BIPCapital.
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