Virtual Legal Proceedings, a Cary startup that offers its vTestify platform as a way to virtualize court proceedings to produce an “official cloud record” and thus cut legal costs, is looking to raise $3 million.
Accepted into the Duke Law Tech Lab accelerator program where it earned “Audience Favorite” at the lab’s demo day, vTestify disclosed the fundraiser in an SEC filing.
Formed last year, vTestify raised more than $300,000 from investors in two earlier fundings.
So far in the latest fundraiser, vTestify has closed on $91,000 from three investors.
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The company is led by Michael Hewitt, a former CEO of Mobile Reach International.
vTestify enables remote depositions and provides transcriptions.
“At Virtual Legal Proceedings, we take the axiom ‘access to justice’ to heart,” the startup says.
“Our flagship virtual testimony platform, vTestify, was developed to leverage advances in technology to improve both the quality of testimony and the methods through which it is obtained.”
vTestify says it offers customers the opportunity to:
“Conduct and record a remote deposition for $99 for the first 90 minutes. $0.50 per minute after the first 90 minutes. You can also purchase an optional digital transcription of your deposition.
“No need for the person performing the deposition, or the deponent, to leave their home or office. Start orchestrating remote depositions today with our tools. There is no affiliation to a court reporter service required.”
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