Atrium (company)

Atrium (company)

B2B company providing legal services for startups through tech-based platform.

Atrium is a business-to-business (B2B) company that provides legal services for startups through a tech-based platform. It was founded in 2017 by Justin Kan, Augie Rakow, Bebe Chueh, and Chris Smoak. The company aims to solve three common problems that the founders encounter when accessing legal services: unpredictable pricing, unpredictable response times, and a lack of transparency from the service provider to the client. Atrium is headquartered in San Francisco, California.

Services

Atrium offers four primary services: Atrium Counsel, Atrium Financing, Atrium Contracts, and Atrium FinTech & Blockchain. Atrium Counsel provides a team of paralegal and attorney that can provide legal services such as legal advisory, contracts review, and compliance of employment-law through a subscription and project-based model of payment. Atrium Financing offers legal counsel for startups who are seeking funding from venture capital firms. Atrium Contracts focuses on helping clients prepare and review legal contracts. Atrium FinTech & Blockchain aids clients operating in the financial technology and blockchain industry to navigate the regulations that affect them.

Funding

Since its establishment, Atrium has received $75.5 million in funding through three funding series, with its latest being a Series B funding round which was held in September 2018 and raised $65 million. As of March 2019, the company has 99 investors, with two lead investors. Some venture capital firms who have funded Atrium are Sound Ventures, Y Combinator, Andreessen Horowitz, and Socii Capital.

Timeline

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Atrium funding round, September 2018
65,000,000
September 2018
2 Results
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People

Name
Role
LinkedIn

Augie Rakow

Founder/Head of Legal

Chris Szymansky

Head of Engineering

David Cheng

Head of Product

Elaine Vega

Head of Management Operations

Hans Kim

Partner/General Manager Atrium Counsel

Jenny Jongejan

Head of Recruitment

Joanna Shevelenko

Chief Business Officer

Jonathan O'Connell

Partner/General Manager Atrium Financing

Justin Kan

Founder/Chief Executive Officer

Max Cantor

Head of Data

Nicholas Cortes

Founder/Head of Operations

Steven Boone

Head of Growth

Further reading

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Date

Documentaries, videos and podcasts

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Date
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Companies

Company
CEO
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News

Title
Author
Date
Publisher
Description
Alex Wilhelm
March 6, 2020
TechCrunch
Hello and welcome back to Equity, TechCrunch's venture capital-focused podcast, where we unpack the numbers behind the headlines. This week was packed with news, most of it pretty bad. But Zoom did well, so there's that. Happily we had our dynamic pairing, Alex "Have I Died" Wilhelm and Danny "Good Hair" Crichton on hand to parse [...]
Josh Constine
March 3, 2020
TechCrunch
Justin Kan's hybrid legal software and law firm startup Atrium is shutting down today after failing to figure out how to deliver better efficiency than a traditional law firm. The startup laid off all its employees, just over 100, today. It will return some of its $75.5 million in funding to investors, including Series B [...]
Josh Constine
January 13, 2020
TechCrunch
$75 million-funded legal services startup Atrium doesn't want to be the next company to implode as the tech industry tightens its belt and businesses chase margins instead of growth via unsustainable economics. That's why Atrium is laying off most of its in-house lawyers. Now, Atrium will focus on its software for startups navigating fundraising, hiring, [...]
December 4, 2019
WebWire
Leading semiconductor test equipment supplier Advantest Corporation (TSE: 6857) will exhibit a wide variety of its latest products and solutions at SEMICON Japan 2019 on December 11-13 at Tokyo Big Sight. Advantest's exhibit will address the test challenges of advanced ICs that make 5G communication a reality and accelerate the development of other cutting-edge applications, from AI/machine learning and smart manufacturing to smart cities. This year's product showcase will highlight our...
Josh Constine
June 20, 2019
TechCrunch
Law firms have little incentive to build or buy software that will save their lawyers time because they often bill clients by the hour. Tasks like tracking down legal documents, extracting key information and drawing up hiring offers or funding term sheets add up to make lawyers expensive, even if they're constantly repeating mindless busy [...]
Villari, Brandes & Giannone, P.C.
Invalid Date
www.prnewswire.com:443
DES MOINES, Iowa, Feb. 18, 2019 /PRNewswire/ -- After nearly five years of intense litigation, and just before the start of the eighth day of trial, the...

References

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