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Casetext

AcquiredYC S13

San Francisco, US · Founded 2013 · 50 employees · 22 known investors

Find your way into Casetext

181 people in our graph share verified history with the Casetext team — schools, employers, funds. One of them is your warm intro.

Julia Gonzalez Sandersunlockedknows Jake Heller · together at Ropes & Gray LLP (overlapped)
×7knows the team · via Stanford Law School
×2knows the team · via Casetext
×2knows the team · via Ropes & Gray LLP

Thomson Reuters is a content and technology company providing AI-powered tools and information services—including CoCounsel and ONESOURCE—for legal, tax, accounting, risk, fraud, and government professionals. Its products support compliance, research, and decision-making workflows for professional services firms and corporations.

Also known as Casetext (S13) · Casetext, Inc.

AI & Machine LearningEnterprise SoftwareLegalTechArtificial IntelligenceLegalUnited States of AmericaAmerica / CanadaFully Remote

Founders & leadership· Y Combinator alumni (S13)

Casetext was founded in 2013 by Jake Heller.

JHJake Heller
Jake Hellerin𝕏Founder/CEOHe has a background in law and technology.30 Under 30 2014
SHSteve Hasker
Steve HaskerinFounder

Board

JBJohn Buttrick
John Buttrick𝕏Board directorPartner at Union Square Ventures (USV)

Investors · 22

Also in the syndicate · 1

Touchdown Ventures

Funding

SEC filings, press & company announcements

$60M disclosed across 5 of 7 rounds · 2013–2025

$25MraisedJan 2022 · 16 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Jacob HellerExecutive Officer, Director
  • Laura SafdieExecutive Officer, Director
  • John ButtrickDirector
  • Rebecca LynnDirector
  • Jeroen PlinkDirector
  • Jim CurryDirector
Offering amount
$25M
Amount sold
$25M
First sale
Dec 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$8.2MraisedMar 2020 · 9 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Rebecca LynnDirector
  • Laura SafdieExecutive Officer, Director
  • Jacob HellerExecutive Officer, Director
  • John ButtrickDirector
  • Jeroen PlinkDirector
Offering amount
$10M
Amount sold
$8.2M
First sale
Feb 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$10.3MraisedApr 2019 · 8 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • John ButtrickDirector
  • Laura SafdieExecutive Officer, Director
  • Rebecca LynnDirector
  • Jacob HellerExecutive Officer, Director
  • Jeroen PlinkDirector
Offering amount
$11.7M
Amount sold
$10.3M
First sale
Mar 2019
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$10.5MraisedNov 2016 · 34 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • John ButtrickDirector
  • Jacob HellerExecutive Officer, Director, Promoter
Offering amount
$11.3M
Amount sold
$10.5M
First sale
Jan 2015
Incorporated
Corporation, Delaware, 2013
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Casetext was a California-based provider of technology for legal professionals, founded in 2013 by Jake Heller, Pablo Arredondo and Laura Safdie. It began as a crowdsourced, free-to-access legal research resource — an effort to make case law and court documents broadly available and understandable — and later applied natural language processing and machine learning to legal research, producing tools such as Brief Analyzers and the CARA AI contextual search engine, which used the context of a user's own documents to surface on-point authorities.

The company's best-known product is CoCounsel, an AI legal assistant launched in 2023 and powered by GPT-4, which performed document review, legal research memos, deposition preparation and contract analysis. Casetext was granted early access to OpenAI's GPT-4 model, which it used to develop and refine legal use cases. At the time of its acquisition the company reported more than 10,000 law firm and corporate legal department customers and 104 employees, and stated that CoCounsel processed more than 2 billion words per day.

Thomson Reuters agreed in June 2023 to acquire Casetext for $650 million in cash and closed the transaction in August 2023. The standalone Casetext product was subsequently retired on April 1, 2025, with the underlying CoCounsel technology continuing under Thomson Reuters and packaged with its Westlaw ecosystem.

Founding story

The idea originated with Jake Heller, who noticed as a Stanford Law School student how difficult and expensive it was to retrieve legal information compared with everyday consumer search. After a clerkship on the First Circuit U.S. Court of Appeals and two years as an appellate associate at Ropes & Gray, he set out to build a free legal crowdsourcing tool — described as a Wikipedia for the law. The concept was accepted into Y Combinator (Summer 2013 batch), and Casetext launched in October 2013 backed by $1.8 million in seed funding. Heller was introduced to Pablo Arredondo, a former Kirkland & Ellis patent litigator, co-founder of the Sequoia-backed Occam Law and a fellow at the Stanford Center for Legal Informatics, by Paul Lomio, then associate dean of the Stanford law library; Laura Safdie, a Yale Law graduate, joined as the third co-founder.

Business model

Casetext sold AI-based legal research, document review and drafting software on subscription to law firms and corporate legal departments, ranging from solo practitioners and legal aid organizations to Am Law 100 firms. Following the acquisition, the successor CoCounsel offering was repackaged into per-user tiers, with fuller capabilities bundled with Thomson Reuters' Westlaw ecosystem rather than sold as the standalone product Casetext subscribers had used.

Traction

At acquisition Casetext had 104 employees and more than 10,000 law firm and corporate legal department customers, and reported CoCounsel processing over 2 billion words per day. Y Combinator's profile lists a team size of 50.

Latest developments

Thomson Reuters closed the $650 million cash acquisition on August 17, 2023, folding Casetext's brand, talent and products into its legal portfolio. On April 1, 2025, Thomson Reuters shut down the standalone Casetext product; it is no longer sold or supported, and CoCounsel — built on Casetext technology — continues as Thomson Reuters' legal AI offering, sold in per-user tiers alongside Westlaw.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Described as the most widely used AI legal research technology at the time, adopted across the market from the largest Am Law 100 firms to solo practices, and positioned as a lower-cost alternative to legacy research platforms such as Westlaw and Lexis. Its award-winning technology and CoCounsel launch established it as an early entrant in generative AI for law.

Casetext combined conventional search with context-aware AI retrieval (CARA) and, with early access to GPT-4, was first to market with a generative AI legal assistant (CoCounsel) that automated document review, research memos, deposition preparation and contract analysis at a standalone price point accessible to small firms.

Technology

The product line combined conventional legal search with AI: CARA AI provided contextual search that used the context of a user's research to locate on-point authorities, while Brief Analyzers applied natural language processing and machine learning to filings. CoCounsel was built on OpenAI's GPT-4, to which Casetext had early access, and handled document review, research memos, deposition preparation and contract analysis. The team included former litigators from top law firms alongside PhD data scientists and AI engineers.

Go-to-market

Attorneys and legal teams, including Am Law 100 firms, small firms and solo practitioners, corporate legal departments, and nonprofits such as the Innocence Project; more than 10,000 law firms and corporate legal departments were customers at acquisition.

Geography

Headquartered in San Francisco, California; coverage spanned all 50 U.S. states and federal courts.

History

Founded in 2013 and launched that October out of Y Combinator's Summer 2013 batch, Casetext initially pursued crowdsourced legal knowledge but found that billable-hour incentives discouraged attorney contributions. The team pivoted to automated approaches based on natural language processing and machine learning, producing Brief Analyzers as its first AI tool and later the CARA AI contextual search product. CoCounsel, described by the company as the first legal AI assistant, beta-launched in March 2023. Thomson Reuters signed a definitive agreement to acquire Casetext in June 2023 and completed the $650 million cash acquisition in August 2023, roughly ten years after founding. The Casetext product was shut down on April 1, 2025.

Risks & controversies

The post-acquisition shutdown of the Casetext product on April 1, 2025 disrupted litigators, small firms and solo practitioners who had built research workflows around it, with reported loss of access to affordable standalone pricing and uncertainty over saved searches, annotations and in-progress research, as well as the absence of an export tool for research history.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Acquisition priceAug 2023$650M
Customers (law firms and corporate legal departments)Aug 2023more than 10,000
EmployeesJun 2023104 employees
Team size (Y Combinator profile)Jan 202350 employees
Words processed per day by CoCounselJun 20232B+

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 2

by search overlap

Companies competing with Casetext for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 5

launches, deals, and filings
Apr 2025
Thomson Reuters shuts down the Casetext product

Less than two years after the acquisition, Thomson Reuters retired the standalone Casetext product; it is no longer sold or supported, with users directed to CoCounsel.

source ↗

Aug 2023
Thomson Reuters completes acquisition of Casetext

Thomson Reuters closed the acquisition of Casetext, Inc. for a purchase price of $650 million in cash.

$650M source ↗

Jun 2023
Thomson Reuters signs definitive agreement to acquire Casetext for $650M

Thomson Reuters Corporation announced a definitive agreement to acquire Casetext, a California-based provider of legal technology, for $650 million in cash, subject to regulatory approvals.

$650M source ↗

Mar 2023
CoCounsel AI legal assistant beta launch

Casetext beta-launched CoCounsel, an AI legal assistant powered by GPT-4 handling document review, legal research memos, deposition preparation and contract analysis.

source ↗

Jan 2013
Casetext participates in Y Combinator Summer 2013 batch

Casetext was accepted into startup incubator Y Combinator and is listed in its Summer 2013 batch.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Casetext do?
Legal AI company behind CoCounsel and CARA, founded 2013 and acquired by Thomson Reuters for $650M in 2023.
Who founded Casetext?
Casetext was founded by Jake Heller in 2013.
Who are Casetext's investors?
Casetext's investors include 8VC, Access Venture Partners, Allen Institute for AI (AI2) Incubator, BuildGroup, Canvas Ventures, Cerity Partners Ventures, Crosslink Capital, Gradient Ventures and 13 more.
How much funding has Casetext raised?
Casetext has disclosed $60M raised across 5 of its 7 known rounds.
Where is Casetext headquartered?
Casetext is headquartered in San Francisco, US.