Wednesday, May 4, 2011

LegalZoom Adds Kleiner, IVP As Investors

Glendale-based LegalZoom said last week that it has added Institutional Venture Partners and Kleiner Perkins Caufield & Byers as investors in the firm. No details on the investment were disclosed. KPCB and IVP join Polaris Venture Partners as backers of the company, which has been rumored to be prepping for an IPO since at least August of last year, according to multiple sources in the Los Angeles technology community. LegalZoom said it now has more than 500 employees and has served more than 1 million customers. LegalZoom operates an online service which allows users to purchase legal documents.

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