United States · Seed startup

Who invested in TermScout

3 rounds we have observed, with the 5 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Legaltech

Funding summaryUpdated 26 Oct 2026

$5.6Mraised across 3 rounds since 2014, from 3 sources

$635KSeed$5.0MSeed
Latest round
Seed, $5.0MMay 2022
Step-upi
7.9×
Investors
5
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

20142016201820202022
$635KSeed?Round$5.0MSeed
First round
Seed, $635K
Jun 2014
Biggest round
$5.0M
Seed · May 2022
Usual gap between rounds
7 years
the median of 2

The rounds

  1. May 2022
    Seed$5.0M4 new

    Source recorded

  2. Apr 2015
    RoundAmount undisclosed1 new

    From a historical funding recordSEC filing: $245K sold, first sale Mar 2015

  3. Jun 2014
    Seed$635K

    No investor was named in the report.

    From a historical funding recordSEC filing: $635K sold, first sale May 2014

Founders and team

From TermScout's own website and the SEC filings it signed: 4 on the team.

  • Olga V. MackCEO
  • Renee DonisHead of Marketing
  • Spencer LasleyVP of Product
  • Chris LyndeExecutive Officer, Director, Promoteri

On the board, as filediDavid DeMarshJohn PostKevin NelsonNancy Pierce

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Everyone who backed them

TechstarsVC firm1round
ReachVC firm1round
NFXVC firm1round
The LegalTech FundVC firm1round
NAR REACHAccelerator1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 2 firms list TermScout as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

Ground Up VenturesVC firmPer its own site
Sachse Family FundFamily officePer its own site

Quick answers about TermScout

Who invested in TermScout?

TermScout's investors include Techstars, Reach, NFX, The LegalTech Fund and NAR REACH.

How much has TermScout raised?

TermScout has raised $5.6M across 3 rounds since 2014. One round did not disclose an amount, so the total is a floor.

When did TermScout last raise?

TermScout's most recent round was a Seed of $5.0M in May 2022.

What was TermScout's biggest round?

Its most recent round, $5.0M in May 2022, is also its largest on record.

Who backed TermScout first?

TermScout's first round on record, in Apr 2015, was backed by NAR REACH.

What stage is TermScout at?

TermScout's latest named round is a Seed, in May 2022.

Where is TermScout based?

TermScout is based in the United States.

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