Deep Space Ventures Managing Partner Stephen Hays just signed his seventh startup investment deal in Dallas-Fort Worth in past 12 months, investing in Legalinc, a Plano-based legal services company.
In addition to seven DFW deals, Hays’s venture capital fund has been busy elsewhere, completing 12 investments nationwide, 10 in Texas alone.
Hays is excited about the deal with Legalinc because he sees the company as an ideal investment because Legalinc is still early stage, and has shown tremendous growth.
“I’ve been in dialogue with (Treutlein) since early last year.”
Hays had been working on a deal with Legalinc founder Erik Treutlein for a long time.
“I’ve been in dialogue with (Treutlein) since early last year,” Hays told me. Treutlein co-founded the company with CTO Ben Johnson.
Hays said that after getting to know Treutlein and his company’s performance, “I felt strongly about him.”
Legalinc provides an automated backend registered agent, compliance, and entity formation services software platform for many of the nation’s top legal service providers.
It is the only automated legal platform that can be used to facilitate affordable LLCs, corporations, nonprofits, partnerships, and DBAs in all 50 states, Legalinc said.
Hays said he couldn’t disclose the amount of his investment because, “it was a private deal.”
He said it was right in line with his investment strategy, particularly since Legalinc is a successful Dallas startup.
DEEP SPACE VENTURES SUPPORTS DALLAS STARTUPS
Hays said he’s a big supporter of the Dallas startup community.
“We need more companies (in Dallas) that are growing like that,” Hays said of Legalinc.
Besides Legalinc, Hays’ Deep Space Ventures has invested in these companies:
- Pan Amplify
- Selery Fulfillment
- Tech EdVentures
- Tech Wildcatters
More reading on Deep Space Ventures
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