The LegalTech Fund’s Support and Our Path Ahead
- Feb 3
- 2 min read
Updated: Feb 5
Fund formation work has changed a lot in recent years. Lawyers are handling more investor requests, faster closing timelines, and growing compliance demands. We see this every day through the teams we work with, and it continues to shape how we think about building ProVision.
The LegalTech Fund recently shared their thoughts on why they chose to invest in Intelligent Legal Solutions. Many of the points they raised reflect what we hear from our customers: that fund formation workflows have become more demanding, and that lawyers need tools that make this work easier.
Across the fund formation world, legal teams are dealing with more investor requests, tighter deadlines, and greater compliance expectations than ever before. These pressures have highlighted something we see often: many of the tools’ lawyers rely on were simply not built for the realities of today’s work. To move forward, the next generation of legal technology needs to deliver accuracy at scale while making life easier for already busy teams. At ILS, our focus has always been on creating technology that supports legal judgment rather than displacing it. Fund counsel operate in an environment where nuance matters, obligations interact, and the cost of error is high. ProVision was designed to bring structure and reliability to this environment: helping lawyers work with clarity especially as their workloads intensify.
The strength of workflow-driven technology lies in the way it replaces messy, manual steps with a system that lawyers can trust. Side letters, most favoured nation selections, and investor tracking often involve countless details across many documents and closing stages. When those processes are structured properly, everything becomes more consistent and easier to manage. For our customers, the biggest gains show up in the day-to-day: clearer collaboration, fewer errors, and a noticeable lift in how quickly work moves.
It has been encouraging to see this shift taking place across the wider industry. As Zach Posner, Co-Founder and Managing Partner of The LegalTech Fund, noted:
“Legal technology is no longer niche; it is starting to be understood that it sits at the center of every business transaction.”.
Partnering with The LegalTech Fund gives us even stronger momentum in pursuing this mission. Their support shows how important it is for us to build tools that make sense in real legal work and meet lawyers where they are. This is especially true as Intelligent Legal Solutions continues to expand.
As we take our next steps, we are keeping our focus on what matters most: giving lawyers the support they need to manage increasingly complex work. The fund formation world is moving quickly, and we are excited to keep building with the teams who are driving that change.
