Rapidly growing lawyer directory Avvo has received a further $71.5 million in financing.
The latest funding round was led by Technology Crossover Ventures, with participation from Vulcan Capital and existing investor, Coatue.
In an announcement, Avvo said it will use the cash to accelerate hiring, increase Avvo brand awareness through marketing initiatives, and expand its product offerings.
The latest financing round brings the total venture investment in Avvo to $132 million.
In the last year, Avvo has doubled the number of contacts it makes between consumers and attorneys – now 650,000.
Avvo’s legal Q&A forum is the largest online, with nearly 7.5 million questions and answers, and Avvo attracts around 8 million visitors a month to its website.
In 2014, Avvo closed $37.5 million in financing led by Coatue, with additional investment from Benchmark Capital, Ignition Partners and DAG Ventures.
Bloomberg has reported that Avvo is valued at around $650 million, a remarkable figure for a legal sector business that was only founded in 2007.
According to Avvo CEO Mark Britton, the company may go public in the future.
Pictured: Avvo office in Seattle, from Glassdoor