Rasa Legal Receives $1M Investment from NextLadder Ventures

The investment is part of Rasa’s previously announced $5M late seed funding round, and the company plans to use the funds to expand its operations and continue developing its technology.

Rasa Legal currently offers criminal record sealing and expungement services in Pennsylvania, Utah, and Arizona, and plans to continue expanding across the United States.

Rasa Legal has helped over 30,000 people access their criminal records, and understand their eligibility for relief. Since launching its platform in 2022, the company has also successfully cleared more than 5,000 records.

Ryan Rippel, CEO of NextLadder Ventures, said Rasa Legal aligned closely with the fund's mission to expand economic opportunity. "More than 20 million Americans are carrying a criminal record that is eligible to be expunged -- meaning, according to the law, the individual is eligible to have it removed and stop impacting their ability to get a job, find housing, and build a life," said Rippel. "Rasa Legal provides an affordable and easily accessible path to clear their record after serving their time. Research shows the massive gains in wages and opportunities that this clean slate can deliver to low-income people and the economy. That's why we're proud to back their efforts to expand their reach across the country."

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"We are incredibly excited to partner with a fund that is deeply aligned with our mission and vision for expanding access to opportunity," added Sudbury. "NextLadder understands that technology can play a transformative role in helping people navigate complex system's, remove barriers and build better futures. Their support will help us scale our impact and reach more people across the country who deserve a second chance."

About Rasa Legal

Founded by Noella Sudbury, Rasa Legal is a legal tech company focused on making it easier and more affordable for people to clear their criminal records. The company uses simple tools, and a streamlined legal process, with lawyers providing record sealing, and expungement services in several states.

About NextLadder Ventures

Founded by Rhett Dornbach-Bender, NextLadder Ventures is a time bound venture focused on helping millions of Americans reach their potential by 2040. Backed by more than $1 billion in capital, it invests in breakthrough technologies that reduce barriers to economic opportunity, and help people take control of their futures.

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