Friday, July 31, 2015

UpCounsel Raises $10 Million in New Funding

Led by Menlo Ventures, UpCounsel, a legal service that provides small businesses with big law attorneys, raised $10 million in new funding. 

"'By eliminating the partner pool and reducing overhead costs with its free practice management software, UpCounsel charges clients a third of what a major law firm would charge, on average, while their attorneys bring in comparable salary.'"

Source: TechCrunch

Thursday, July 30, 2015

Oliver, A New Apartment Finding App, Seeks to Eliminate Brokers

After raising $1 million seed round from New York real estate angels, Oliver, a new apartment-fixing app that aggregates rent inventory directly from landlords and managers, seeks to eliminate the brokerage layer, or “the middleman,” by connecting renters seamlessly with apartments.

"'All the other players - Zillow, Trulia, StreetEasy, RentHop, NakedApartments - are 'lead generation' platforms and their revenue model comes from charging middle men. We plan on eliminating that by becoming Uber for rental where you actually connect directly, seamlessly with the apartment/landlord,' said Shemesh."