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Avvo Accepts Series E Venture Capital Financing

Thursday, July 30, 2015 5:30:00 AM PDT | VentureDeal
   Seattle, Washington  --  Legal website company Avvo has secured $71.5 million in its fifth round of institutional venture capital financing.

Avvo has developed a free website that "empowers consumers to handle their legal matters with confidence."

The site provides profiles and ratings of every attorney listed, as well as client reviews, attorney disciplinary records and any peer endorsements.

Technology Crossover Ventures (Jay Hoag) led the round, which include previous investors Coatue Management (Thomas Laffont) and Vulcan Capital.

The company said it would use the funding to  accelerate various marketing initiatives, expand its product offerings and hire additional personnel.

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