New Era ADR Receives Strategic Investment From Marquee Ventures
December 4, 2023 | Originally Published in Pulse 2.0
New Era ADR – a dispute resolution technology platform – recently announced an investment by Marquee Ventures, a venture capital fund spun out from the Chicago Cubs. And OnDean, the family office of Andrew Sieja, founder and former CEO of legal tech and eDiscovery giant Relativity also participated in this round.
Marquee’s investment enables New Era to accelerate the company’s growth, hire top talent, invest in its platform and enhance customer support. Also participating in this funding round are Jai Shekhewat, Founder of SAP Fieldglass, and leaders at the forefront of the legal industry, including Jae Um, Haley Altman, Ed Sohn, and the LexFusion founding team (Joe Borstein, Casey Flaherty, Paul Stroka).
KEY QUOTES:
“Marquee Ventures and its affiliated entities, including the Chicago Cubs, Wrigley Field, Marquee Development, and Marquee Sports Network, understand how solving business disputes more amicably can have a significant and positive impact on brands and customer experiences, and we are grateful they recognize the significance of our mission. We were fortunate to be in a position to not need additional investment, but the opportunity to bring on Andrew, other legal and tech leaders, and Marquee and its talent and network of their investors represented a collaboration we couldn’t pass up. This partnership accelerates not only our growth in the sports world – building on our entry into Olympic sports and our work with the U.S. Anti-Doping Agency – but also in industries and with organizations far beyond sports.” — Rich Lee, CEO and Co-Founder of New Era ADR
“We see tremendous opportunities for New Era’s tech platform to help parties solve disputes in a more rational and efficient way across a variety of industries. Their blue-chip customers are a testament to how the platform reduces overly slow, expensive and unnecessarily painful litigation. The company’s success in sports, entertainment, real estate, staffing and financial services, and other sectors, demonstrates the scale of the problem the team is solving.” — Erik Hammer, Managing Partner of Marquee Ventures
Check out articles about our other investors: New Era ADR Annouces Oversubscribed 4.6M Seed Round
