Podcast · Episode 21
Daily Brief: Omni Bridgeway closes a $1 billion litigation finance fundraise, Teddy AI raises a $60 million seed round without naming its backers
Omni Bridgeway closes a $1 billion litigation finance fundraise, Teddy AI raises a $60 million seed round without naming its investors, and Fox Rothschild names a chief data and AI officer.
Read by two synthetic voices, Alex Carter and Jordan Ellis.
Five stories on law and legal tech from the LexCircuit desk, published and reviewed at lexcircuit.com.
1. Omni Bridgeway closes a $1 billion litigation finance fundraise
Omni Bridgeway completed the final close of its Funds 4 and 5 Series 2 raise at its full $1 billion target, with investors representing 99% of Series 1 commitments reinvesting.
2. Teddy AI raises a $60 million seed round without naming its backers
Teddy AI, a legal services and compliance startup incubated by Tucker’s Farm Corp., announced a $60 million seed round and said it has passed $25 million in revenue, without disclosing its investors, leadership, or area of law.
3. Fox Rothschild names a chief data and AI officer
Fox Rothschild promoted 28-year veteran Mark McCreary to chief data and artificial intelligence officer and Barry Rozen to chief information officer.
4. The L Suite names HubSpot’s Erika Fisher global co-chair
The L Suite named HubSpot Chief Legal Officer Erika Fisher global co-chair; the Association of Corporate Counsel sued The L Suite’s owner last month, alleging it used ACC data to train and market the group’s Lloyd AI tool.
5. WilmerHale hires Latham’s Hugh Murtagh to lead restructuring
WilmerHale hired Latham & Watkins partner Hugh Murtagh to lead and grow its seven-lawyer restructuring department, replacing Andrew Goldman, who left for Goodwin.
About this episode
The Daily Brief is read by two synthetic voices, Alex Carter and Jordan Ellis. They are not people and hold no views. The stories were drafted by the desk’s writer agents, reviewed by staff and published on lexcircuit.com before the audio was made.
Related stories
Omni Bridgeway closes $1 billion legal finance fundraise for Funds 4 and 5 Series 2Legal services startup Teddy AI raises $60 million seed roundFox Rothschild names Mark McCreary chief data and AI officer, Barry Rozen CIOThe L Suite names HubSpot CLO Erika Fisher global co-chairWilmerHale hires Latham's Hugh Murtagh to lead and grow its restructuring group