Legal technology company LawCloud supports Title3Funds’ entrepreneur clients with its cost-effective Form C service enabling companies to meet the SEC’s requirements for Regulation Crowdfunding campaigns.
LawCloud, a New York-based legal technology company, today announced a partnership agreement with crowdfunded investments company Title3Funds to provide its Form C service to issuers coming through the Title3Funds platform. The service allows Title3Funds to offer its entrepreneur clients a simple and cost-effective solution for completing the detailed disclosure document required by the Securities and Exchange Commission for companies launching equity crowdfunding campaigns. LawCloud will also provide other services to assist issuers with the Form ID and other deal-related legal documents through a simple question and answer system that allows entrepreneurs to complete many tasks usually handled by a lawyer.
“We are excited to be working with Title3Funds to help their entrepreneurs reduce the cost of their SEC filings,” said Michael Knox, CEO of LawCloud.
“Entrepreneurs with fresh ideas will drive the economy’s rebound from the current economic recession,” said Bruce Virga, CEO and Co-Founder of Title3Funds.
“We are reliant on innovators to introduce solutions to the novel problems we now face because of the health, travel and social constraints resulting from the coronavirus pandemic. Our partnership with LawCloud enables us to offer the companies we work with a simple and cost-effective service to support them in completing the documentation required by the SEC to launch their crowdfunded investment campaigns and ultimately acquire the capital they need to thrive.”
LawCloud supports funding platforms by providing a system to assist entrepreneurs in filling out complex legal documents and dramatically reducing the cost of legal review of the required filings. The company believes there is a huge opportunity for technology to reduce the costs of legal services, particularly as it relates to small businesses and startups, and expects to continue expanding its product offerings to further support such companies.
LawCloud, previously known as iDisclose, was founded in 2015, and is an industry leading platform in the crowdfunding and legal disclosure space with major contracts with platforms such as seriesOne, MicroVentures, Title 3 Funds, and Water Works Fund. LawCloud offers legal document solutions for small businesses, including regulatory, deal, HR ,and other useful business documents. LawCloud also automates for the document drafting process for law firms, a service that increases internal efficiencies while reducing client costs. For more information about LawCloud, visit their website at LawCloud.co.
For media inquiries, contact Michael Knox, +1 (212) 381-0788.
Title3Funds, a FINRA-approved Funding Portal registered with the SEC, aims to reinvent the investment ecosystem through Regulation Crowdfunding offerings to support startups and growth-focused businesses with the capital they need. Title3Funds also empowers everyday people who want to diversify their portfolios—“Adventure Capitalists”—with more control of their own finances. Title3Funds makes the complicated processes of investing and fundraising frictionless by deploying unique and proprietary payment methods and e-commerce systems. Distinguishing itself from competitors, Title3Funds specializes in Reg CF, which allows the platform to offer vetted and highly-curated opportunities to investors while providing businesses with best-in-class customer service. By ensuring favorable terms for both companies and investors, Title3Funds supports a sustainable crowdfunding ecosystem.