KingsCrowd, a data and analytics provider in the investment crowdfunding sector, has announced the acquisition of Lawcloud.
Lawcloud has been a longtime entry in the Legaltech sector of crowdfunding by providing a partially automated service for issuers to file their required documents to the Securities and Exchange Commission. Previously marketed as iDisclosure, Lawcloud initially had the backing of prominent names in the crowdfunding sector.
Kingscrowd pursued a successful Reg A+ securities offering on StartEngine this year, raising sufficient funds to acquire complementary firms.
Kingscrowd said that it was relaunching Lawcloud as “raisepapers,” following the release of its valuation tool this past week.
The company said that raisepaper will become a “key pillar” for the company as they build out a suite of tools to assist founders in the process of building a company.
raisepapers will act as a key pillar for KingsCrowd to build a suite of tools focused on serving founders with data-driven solutions.
Kingscrowd revealed that during the past 9 months, they have been investing in raisepapers to improve the service and introduce new features in 2024.
Chris Lustro of raisepapers stated:
“One of the things I get most excited about is leveraging KingsCrowd’s IP to provide data-driven insights to help founders navigate these online capital raising waters in an informed and intelligent way.
For instance, we will use our valuation tool with founders to help inform their terms prior to raising and think through what type of security they want to offer. We will also help founders to file their annual reports in a simple and very cost effective way ensuring that we can provide investors with more founder updates and financial data, says Chris Lustrino, founder & ceo of KingsCrowd.
Our goal is to keep more money in founders pockets and more time in their day for raising money and running their business. At the core of what we do, our mission is to make the online private capital markets more accessible to founders just as we have done with investors for 5+ years.”