# TermScout funding: rounds and investors > TermScout has raised $5.6M across 3 rounds since 2014. Investors include Techstars, Reach and NFX. Every round with its source. Source: https://millionrounds.com/company/termscout (Millionrounds; every figure on the page links to its filing or article) United States · [Seed startup](https://millionrounds.com/companies) # 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 summary Updated 26 Oct 2026 **$5.6M** raised across 3 rounds since 2014, from 3 sources **$635K** Seed **$5.0M** Seed - **Latest round:** Seed, $5.0M May 2022 - **Step-up i:** 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. 2014 2016 2018 2020 2022 **$635K** Seed **?** Round **$5.0M** Seed - **First round:** Seed, $635K - **Biggest round:** $5.0M - **Usual gap between rounds:** 7 years ## The rounds - **May 2022** Seed **$5.0M** *4 new* [Techstars](https://millionrounds.com/fund/techstars) [Reach](https://millionrounds.com/fund/reach) [NFX](https://millionrounds.com/fund/nfx) [The LegalTech Fund](https://millionrounds.com/fund/the-legaltech-fund) Source recorded - **Apr 2015** Round **Amount undisclosed** *1 new* [NAR REACH](https://millionrounds.com/fund/nar-reach) From a historical funding record SEC filing: $245K sold, first sale Mar 2015 - **Jun 2014** Seed **$635K** No investor was named in the report. From a historical funding record SEC 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. Mack** CEO - **Renee Donis** Head of Marketing - **Spencer Lasley** VP of Product - **Chris Lynde** Executive Officer, Director, Promoter i On the board, as filed i *David DeMarsh* *John Post* *Kevin Nelson* *Nancy 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. **Seed** 2014 **Round** 2015 **Seed** 2022 [Techstars](https://millionrounds.com/fund/techstars) [Reach](https://millionrounds.com/fund/reach) [NFX](https://millionrounds.com/fund/nfx) [The LegalTech Fund](https://millionrounds.com/fund/the-legaltech-fund) [NAR REACH](https://millionrounds.com/fund/nar-reach) ## Everyone who backed them [Techstars](https://millionrounds.com/fund/techstars) VC firm **1** round [Reach](https://millionrounds.com/fund/reach) VC firm **1** round [NFX](https://millionrounds.com/fund/nfx) VC firm **1** round [The LegalTech Fund](https://millionrounds.com/fund/the-legaltech-fund) VC firm **1** round [NAR REACH](https://millionrounds.com/fund/nar-reach) Accelerator **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=termscout). ## 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 Ventures](https://millionrounds.com/fund/ground-up-ventures) VC firm Per its own site [Sachse Family Fund](https://millionrounds.com/fund/sachse-family-fund) Family office Per 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. ## Companies like TermScout In the same sector, and raised in the last eighteen months. [**Longeye** $25M · Oct 2026](https://millionrounds.com/company/longeye)[**Chariot Claims** $23M · Oct 2026](https://millionrounds.com/company/chariot-claims)[**Confido** $82M · Sept 2026](https://millionrounds.com/company/confido)[**Harvey** $2.3B · Sept 2026](https://millionrounds.com/company/harvey)[**Covenant** $254M · Sept 2026](https://millionrounds.com/company/covenant)[**Notarize** $92M · Aug 2026](https://millionrounds.com/company/notarize) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app