Atrium is announcing on Monday that it has raised $65 million in a round led by Andreessen Horowitz, with Y Combinator’s Continuity Fund, Sound Ventures and General Catalyst joining the round.
The funding comes as Atrium has helped some of tech’s fastest-growing companies raise a combined $500 million, including scooter company Bird, Alto, MessageBird and Sift Science—250 clients overall. Atrium served as the law firm for each, providing a lawyer on the customer end and using technology to automate some of the related filings under the hood. The startup will use the funding to hire more employees on both its legal services and technical sides.
“This was a problem I’d seen in my own experiences, where all these parts around legal were like a blocker to what I wanted to do, and the legal bills felt like Russian roulette,” says Kan. “It’s almost like a tax you have as a business owner. That’s why I wanted to attack this problem.”
Founded in mid-2017 after Kan left Y Combinator to do a startup incubator, Atrium’s full stack law firm approach means that it’s got an unusual mix of legal-trained employees, business operations professionals and engineers. Kan’s cofounders Augie Rakow and Nick Cortes come from backgrounds at law firm Orrick, where Rakow represented Cruise in its $1 billion acquisition by GM, and McKinsey.