Woodpecker
About this raise
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.
Investment Overview
Invested $20,771 :
Deal Terms
Company & Team
Company
- Year Founded
- 2017
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Location
- Boston, Massachusetts
- Company Website
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Visit Website
Team
- Employees
- 5
Financials
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Company Funding & Growth
Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
11/30/2018 | Netcapital | $1,070,000 | $20,771 | Equity - Common | Funded | RegCF |
Founder Profile
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.