Litem sells $6.17M in equity after expanding beyond deposition AI
The filing covers cash and converted securities from 27 investors, with $500,000 left in a $6.67M offering.
By Ryan Merket · Published
Primary source: U.S. Securities and Exchange Commission
Why it matters
Litem's filing reveals a financing more than 10 times its earlier disclosed offerings as its founders turn a deposition assistant into a case-wide legal AI platform. The round supports a credible enterprise push, while its valuation, investors and new-cash component remain undisclosed.
Litem, founded by Mitchell Kossoris and Dongyang (Donnie) Li, has sold $6,173,982 of a planned $6,673,982 equity offering, according to a new Form D filed with the SEC on September 15th.…
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