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MoFo Advises Theo AI on $4.2 Million Seed Funding Round

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MoFo advised Theo AI, the AI-driven prediction platform for litigation, on a $4.2 million seed round. The round was co-led by...

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MoFo advised Theo AI, the AI-driven prediction platform for litigation, on a $4.2 million seed round. The round was co-led by returning investor NextView Ventures and new investor Collide Capital. The funds will be used to expand proprietary data pipelines, enhance legal corpus, and reinforce supervised learning with legal experts. Theo Ai is the first predictive engine designed by technical and legal professionals to forecast the outcome of legal disputes. Its AI models are trained on historical case data and incorporate real-time analytics with predictive modeling to deliver accurate and actionable insights. The MoFo team was led by San Francisco corporate partner Murray Indick and New York corporate associate Max Rich, with assistance from San Francisco corporate associate Elizabeth Hein Bick and New York corporate associate Matthew Kwon. Read <a href="https://www.prnewswire.com/news-releases/theo-ai-secures-4-2mm-seed-round-to-advance-ai-powered-settlement-prediction-for-big-law-302458280.html" target="_blank">Theo AI’s press release</a>.

MoFo Advises Theo AI on $4.2 Million Seed Funding Round

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Murray Indick is a corporate partner in the Emerging Companies + Venture Capital Group.Murray represents fast-growing innovative businesses, catering to a diverse range of clients that span from visionary entrepreneurs to well‑established companies in later stages of development. With almost forty years of experience in corporate law, investment funds, and related fields, Murray has garnered extensive expertise through private practice as well as his roles as partner and general counsel to Blum Capital Partners (1997 – 2004) and partner and general counsel to Prides Capital Partners (2004 – 2010). Throughout his tenure with these firms, which collectively raised and deployed approximately $6 billion, Murray successfully made strategic investments across the globe.In recognition of his exceptional client service, Murray was honored as one of only twelve attorneys from the Bay Area named to BTI Consulting Group’s prestigious list of “Client Service All-Stars” in 2015. Notably, he has also been consistently recognized by Chambers USA and Legal 500 as a leading national lawyer in the field of Startups and Emerging Companies. Legal 500 US has also acknowledged Murray’s exceptional capabilities in M&A/Corporate work since 2017.Murray’s transactional experience encompasses a broad spectrum of corporate matters, including venture financings, acquisitions, mergers, fund formation, PIPE investments, corporate restructurings, corporate governance, and compliance programs. His clients, regardless of their size, rely on his ability to provide practical, innovative, and insightful advice to navigate legal challenges and pivotal transactions successfully.A substantial portion of Murray’s practice is dedicated to the formation of investment funds, with a particular focus on venture capital funds. He consistently provides transactional and advisory services to these funds, often serving as their trusted outside general counsel.Murray routinely collaborates closely with senior management teams and board of directors of various businesses. He brings valuable expertise to the table, having previously served on corporate boards of esteemed public companies. He also actively contributes his insights as a board member to start-up companies and private businesses, leveraging his extensive experience in this capacity.In 2014, Murray took on the role of outside counsel for the Los Angeles Clippers, supporting the team during the transitional period after the NBA suspended their owner, Donald Sterling. His expertise played a crucial role in facilitating the smooth transition to new ownership. Murray attained his Juris Doctor (J.D.) degree with honors, magna cum laude, in 1984 from Georgetown University Law Center and his undergraduate degree in 1981 from the University of Pennsylvania, where he studied history and English and graduated magna cum laude. Following law school, Murray clerked for Judge Walter E. Black, Jr., in the U.S. District Court in Baltimore, Maryland.

Murray Indick

Partner

Maxwell Rich is of counsel in the New York office of Morrison Foerster, and a member of the firm’s Emerging Companies + Venture Capital Group.Maxwell represents clients across a wide range of corporate matters, including general corporate, financings, transactional, regulatory securities matters, and mergers and acquisitions. His representation of operating companies and investment vehicles spans the entire corporate life-cycle, from formation to exit across multiple industries.Prior to joining the firm, Maxwell served as a Deputy General Counsel, Corporate Secretary, and Vice President of Regulatory Affairs at a venture-backed financial services unicorn. While at the company, he was responsible for company-wide legal operations, legal strategy, and compliance, serving as the chief compliance officer of a FINRA-member and a registered investment adviser, respectively, during his tenure. He acted as a regulatory liaison and advocate for the company’s various regulated entities; and managed corporate structure and supervised growth of the business, including leading acquisitions and spinouts, both foreign and domestic.Maxwell has a strong commitment to giving back to his community and industry. Max volunteers as a traveling expert for the State Department-backed Financial Services Volunteer Corps, a non-profit whose mission is to build sound banking and financial systems in developing and transition countries seeking to develop market-oriented economies. During intersessions at Georgetown University School of Law, Maxwell is an adjunct, teaching “Formation to Exit – Capital Formation for Startups. Max is also an adviser for The Association of Online Investment Platforms ("AOIP"), and organization that champions expanding investment opportunities in private companies to the general public, advocates for the responsible growth of private investment platforms, and educates the investors, legislators and regulators about the private markets in a transparent, honest manner.Maxwell earned his J.D., with honors, from Boston University School of Law, and holds a B.A., summa cum laude, from Drew University.

Maxwell Rich

Of Counsel

Elizabeth Bick is an associate in Morrison Foerster’s San Francisco office, and a member of the Emerging Companies + Venture Capital Practice Group.Before joining Morrison Foerster, Elizabeth was a summer associate in the San Francisco office. She also spent time as a student attorney for Duke’s Start-Up Ventures Clinic and as a judicial intern for the Honorable Walter P. Schwarm.Elizabeth earned her J.D. and L.L.M. in Law & Entrepreneurship at Duke University School of Law. While at Duke, she served as a staff editor on Law and Contemporary Problems. She received her B.A. magna cum laude from Colgate University, where she majored in English and French.