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Litem

Litigation intelligence platform for depositions

Overview

Litem provides a platform that delivers litigation intelligence across an entire case, focusing on deposition work. It handles large volumes of depositions for thousands of users, including lawyers at major Am Law 200 firms. The product helps teams prep depositions more quickly (in about a quarter of the time), identify contradictions while a witness is under oath, and ensure all team members work from the same factual foundation across the case. Compared with competitors, Litem targets large firms and high-stakes litigation with scalable workflows and case-wide collaboration, emphasizing speed, accuracy, and consistency. The company's goal is to streamline and improve the efficiency and reliability of litigation preparation and deposition management for legal teams.

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About Litem

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Industries

Enterprise SoftwareLegal

Company Size

11-50

Company Stage

Seed

Total Funding

$6.2M

Headquarters

Seattle, WA

Founded

2024

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Simplify's take

What believers are saying

  • Litem targets $10 million annual revenue by end of 2026 under signed contracts.
  • The company handles over 10,000 depositions monthly, proving recurring usage across litigation teams.
  • September 2026 launch of Litem for Agencies broadens distribution through court reporting partners.

What critics are saying

  • Litem Facts slips if Fall 2026 delivery misses, freezing the platform’s case-wide expansion.
  • September 2026 Form D shows only $6.17 million sold, limiting war chest for hiring.
  • Agency partners and court reporters can bottleneck distribution, hurting adoption before 2027 renewals.

What makes Litem unique

  • August 2026 rebrand from Deposely to Litem spans documents, depositions, and testimony.
  • Litem serves over 20,000 legal professionals at more than 50 Am Law 200 firms.
  • Its fact engine processes 100,000-page records and cites exact source words.

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Funding

Total Funding

$6.2M

Above

Industry Average

Funded Over

1 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Above Average

Industry standards

$3.3M
$2M
$2.3M
$3M
$6.2M

Company News

U.S. Securities and Exchange Commission
Oct 26th, 2026
EDGAR Filing Documents for 0002050445-26-000001

EIN.: 994176471 | State of Incorp.: DE | Fiscal Year End: 1231Type: D | Act: 33 | File No.: 021-597555 | Film No.: 261380617

LexBlog
Feb 18th, 2025
Deposely Launches Free Gen AI Tools for Deposition Work, Previews Comprehensive AI Deposition Platform

Legal technology startup Deposely today announced the launch of Deposely Essentials, a free suite of AI-powered tools for analyzing deposition transcripts, while also previewing its broader platform that provides comprehensive AI assistance for the entire deposition lifecycle.

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