Overview

Raised to Date: Raised: $20,771

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Total Commitments ($USD)

Platform

Netcapital

Start Date

06/28/2018

Close Date

11/30/2018

Min. Goal

$10,000

Max. Goal

$107,000

Min. Investment

$199

Security Type

Equity - Common

SEC Filing Type

RegCF    

Price Per Share

$0.10

Pre-Money Valuation

$1,070,000

Rolling Commitments ($USD)

Status

Funded

Reporting Date

12/01/2018

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$135

Momentum

Funded

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Woodpecker

Year Founded

2017

Industry

Business Services, Software, & Applications

Tech Sector

Location

Boston, Massachusetts

Company Website

Woodpecker is here to change the game when it comes to legal documents. Specifically, they are a “...document automation platform that empowers modern law firms to automate and standardize their frequently used legal documents.” Woodpecker is affordable, and attorneys can still use Microsoft Word while avoiding the hassle and cost of moving to a new platform. Their goal is to develop intuitive and affordable software that allows lawyers to spend time where it matters -- not on paperwork. No longer are attorneys left with a manual search-and-replace method that results in errors and wasted time. Now, they can quickly and easily standardize new and existing legal documents, automatically create and prepare documents, and eliminate mistakes and typos.

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Founder Profile: Streamlining Legal Document Preparation With Woodpecker Founder & CEO, Alex Melehy

Law firms have a combined annual revenue of about $302B in the US. Although some gargantuan firms may constitute a significant portion of that number, there’s about 450,000 registered practices that exist. The nature of the business limits the opportunity for tech expansion, but the market is certainly receptive to process streamlining that can expedite tedious labor.

 Alex Melehy is a product and engineering specialist who has developed a simple tool to decrease document prep time and increase law firm efficiency. It’s a complementary  solution, but the simplicity is a great fit for a traditionally hesitant market. 

Read Founder Interview