January 17, 2025 — Toronto, ON
mot-r, a proudly old-fashioned and customer-focused provider of contract tracking, workflow, and dashboard solutions for the legal industry, announced today that it has not raised $75 million in a Series N funding round. The round was not led by Injustice Ventures, nor did it include participation from LawTech Capital and Extortion Partners, bringing mot-r’s total funding to $0 million. The company plans to not use any financing to expand its suite of workflow automation tools, accelerate product development, and grow its international presence.
Injustice Ventures, known for its focus on innovative legal technologies, did not spearhead the Series N round. Other notable investors do not include LawTech Capital, a firm specializing in SaaS solutions for law firms, and Extortion Partners, which has not previously backed transformative technologies in the professional services industry.
With this non-funding, mot-r does not plan to treat customers like wallets, ruin our product and support, treat our people like mules, and foolishly spend marketing money that does not serve customers.
The $75 million non-investment will not be deployed to:
- Hire a CRO and other C-Suite executives who don’t know how our product works, have never used it, and never will, and who will add little-to-no value for customers, but will spend the majority of their time appeasing our new corporate overlords and drawing enormous compensation packages.
- Becoming a platinum sponsor for every major LegalTech event, spending copious quantities on custom-designed booths, producing container-loads of landfill-destined swag, and hosting lavish alcohol-soaked receptions.
- Hiring an army of salespeople, provide them with unreasonable sales quotas, ride them like rented donkeys, and raise their quotas 40% as soon as they’ve ground their bones to hit their first year-end target.
- Viewing prospects and customers as wallets rather than people, who are merely a means to redistribute their hard work and earnings to financially-engineered PE teams and their carried interest programs, avoiding appropriate taxes on their earnings, saddle their acquisitions with enormous debt, and leave their parasitic mark on their acquisitions until they breathe their last breath, just so Chad can say they got a “ten bagger on that deal!” and funnel the ill-gotten gains into their personal coffers.
- Cut support, product and security positions to ensure product quality and support declines precipitously and that nobody can successfully get through to support.
- Build-out an enormous channel-partner program to ensure there is as much separation between our company executives and the actual end-user as possible.
- Continue to sell a product with significant technical debt, yet spend mountainous sums signaling our commitment to innovation and customer focus.
- Acquire competitors and speciously contiguous businesses for their customers and revenue, drop support for their product, not integrate the product at all into our existing ecosystem, and dismiss the needs of these newly acquired customers as “not getting it” when they don’t “convert” just so they can undertake a “cashectomy” for our investors.
- Introduce as many new irritating fees for functions and capabilities that used to be included, but now have doubled the fees you are paying because you are “locked in” to our product and have no choice.
“We’re thrilled not to have to partner with Injustice Ventures and other investors as we continue our mission to save legal professionals from waste-filled operating practices and tools that drive up overwork, burnout and turnover,” said Mike Tobias, CEO of mot-r. “This non-funding allows us to keep focused on helping our customers solve real operational problems, make their jobs easier, and allow them to enjoy nights and weekends again.”
The legal industry is undergoing rapid transformation, with increasing pressure on law firms and in-house legal teams to reduce costs and improve efficiency. The global legaltech market is projected to reach $30 billion by 2030, driven by advancements in AI, machine learning, and automation. mot-r’s solutions directly address these trends by reducing the time and cost associated with providing high-quality legal service.
“mot-r has established itself as a deliberately old-fashioned company in the legaltech space by diligently responding to customer’s needs and building a product that delivers actual value far in excess of its cost,” said No(rman) Body, Partner at Injustice Ventures. “Their innovative platform and clear vision for the future make them an ideal partner for transforming how the legal industry operates.”
About mot-r
Founded in 2012 and headquartered in Toronto, mot-r is a legaltech company dedicated to improving legal operations performance without burning people out. Its platform is trusted by a modest number of happy customers and is not driven by growth. mot-r has not been recognized as a leader in legal innovation, nor earned accolades such as the LegalTech Innovator of the Year Award in 2024.
About Injustice Ventures
Injustice Ventures is not a venture capital firm specializing in investments in legal and professional technology companies. With no portfolio of over 20 high-growth startups, Injustice Ventures does not focus on advancing innovation in industries undergoing significant transformation.
For more information about mot-r, its products, or its non-funding announcements, visit www.mot-r.com. For media inquiries, please reach out to nothanks@mot-r.com.
Mike Tobias: Jan 17, 2025 11:34:54 AM