VC News | nvp capital closes second fund
The LegalTech Fund has announced the close of its second fund at $110 million.
nvp capital:
nvp capital, a New York-based seed-stage venture firm investing globally in enterprise software and vertical artificial intelligence (AI), has announced the close of its second fund totaling $80 million.
Fund II includes capital from a diverse mix of institutional investors, including Prudential Financial, Rutgers Endowment, Ford Foundation, Liberty Mutual Investments, and corporate partners such as Audible (an Amazon Company) and Horizon Mutual Holdings, Inc., the parent company of New Jersey’s largest health insurer, bringing total assets under management to $200 million.
nvp capital, co-founded by Dan Borok and Vaughn Crowe, partners with founders leveraging AI to modernize under-digitized industries, including healthcare, industrials, financial services, workforce management, commerce enablement, and more.
“We back extraordinary people building businesses that will revolutionize legacy operations through AI by modernizing outdated processes,” said Crowe, Managing Partner at nvp capital. “Our model isn’t just capital—we’re dot connectors, providing founders with exclusive access to leading experts in their industries to help them scale faster, sell smarter, and build trust with the right customers.”
The LegalTech Fund:
The LegalTech Fund (TLTF), the first and only fund exclusively focused on investing in legal technology companies, has announced the close of its second fund at $110 million.
This represents a fourfold expansion over Fund I ($28.5 million). Leading global law firm and Anchor Partner McDermott Will & Schulte reinvests with $10 million, enabling the firm to partner with TLTF’s entrepreneurs on the ideas and technologies that will define the future of legal services. Strategic partner Consilio, a global leader in legal technology solutions and enterprise legal services, also joined as a lead investor, reinforcing its commitment to legal innovation.
According to the news release accompanying the announcement, the close marks a rare achievement in today’s challenging venture capital environment, reflecting strong investor conviction that the legal industry is entering a sustained era of technology-driven transformation. It highlights the growing recognition of legal technology as a durable investment category and a key driver reshaping how legal services are delivered.
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