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Reflecting on a Record-Breaking 2024: A Year in Review at DealCloser

Written by DealCloser | Jan 23, 2025 3:28:06 PM

 

As we close out 2024 and kick off 2025 with incredible momentum, we find ourselves filled with gratitude and pride. The past year has been nothing short of extraordinary—marked by rapid growth, groundbreaking innovation, and an unwavering commitment to empowering legal professionals. From expanding our global footprint to introducing industry-first technologies, our journey has been transformative as we solidify our position as the market leader. Let’s take a look back at the milestones that made 2024 a record-breaking year for DealCloser.

A New Chapter Begins

Our 2024 journey was propelled by a defining moment in June 2023: a successful USD $2.5M funding round led by Jag Dhariwal, with investment from Bryce Catalyst (DealCloser’s majority owner) and Fernwood Holdings. This pivotal investment fueled our ambitious growth plans, setting the stage for an exciting new era. With Jag Dhariwal stepping in as CEO, his extensive experience as a serial founder, investor, and growth advisor brought a fresh vision—one rooted in innovation, collaboration, and customer-centric growth.

Under Jag’s leadership, we assembled a powerhouse team with over 50 years of combined expertise in transaction management, legal workflows, and go-to-market strategies. This dynamic team played a crucial role in laying the foundation for rapid scaling while reinforcing our commitment to delivering unparalleled value to the legal industry. 

Among the most transformative moments of the year was our strategic partnership with Thomson Reuters, officially launched at the beginning of 2024. This collaboration introduced the legal industry’s first true end-to-end transaction management solution, significantly expanding our reach, influence, and impact.

2024 Highlights: A Year of Breakthroughs

From cutting-edge technology to global expansion, DealCloser achieved significant milestones in 2024. Here’s a glimpse of what we accomplished:

AI-Powered Transactions: Redefining Deal Management

We pushed the boundaries of transaction management with the launch of DealCloser Intelligence—the industry’s first AI-powered platform designed to automate deal workflows and provide real-time insights. By integrating key data points directly into users’ workflows, DealCloser Intelligence enables legal professionals to make more strategic decisions, streamline negotiations, and close deals faster. Powered by proprietary data and advanced AI, this innovation marks a new era of efficiency and intelligence in transaction management.

Remarkable Growth & Global Expansion

  • 3.5x Revenue Surge – Fueled by strong platform adoption and a globally expanding customer base.

  • 38% Customer Base Growth – Rapid user adoption and expansion into new verticals.

  • Global Presence – Entered five new countries: UK, Germany, Netherlands, Sweden, and Switzerland, while strengthening our footprint in Canada and the U.S.

  • Certified Expertise – Awarded 14 DealCloser Certified designations, enhancing transaction management expertise across the U.S. and Europe.

Impact at Scale

DealCloser handles a substantial volume of document-heavy transactions while remaining fast, reliable, and seamlessly efficient. This unwavering performance is reinforced by a deep commitment to exceptional customer support.

  • 35,000+ deals completed

  • 1M+ documents managed

  • 500K+ signatures collected

  • 94% top-tier customer satisfaction ratings

Empowering Legal Teams Across Key Practice Areas

DealCloser has been a trusted partner to legal teams across diverse sectors, including M&A, Real Estate, Corporate, Banking & Finance, Venture Capital, Litigation, Employment, and Tax. In 2024, we welcomed additional corporate and venture capital firms, helping them optimize legal spend while enhancing operational efficiency.

Innovation in Action: Elevating the DealCloser Platform

With relentless innovation at our core, 2024 saw major advancements under the expert leadership of Mike O’Connor (Co-Founder & CTO) and Darren Yuhar (Director of Product).

Some of the key enhancements included:

  • Breakaway Signature Pages – Fully automated signature page creation with customizable templates, streamlining execution and finalization.

  • iManage On-Premises Integration – Seamless communication with iManage Work 10 DMS, enhancing document workflow efficiency.

  • HighQ File Sync – Automated document synchronization, ensuring teams always work from the latest versions.

  • Signature Page Templates – Customizable, branded templates for consistency and efficiency across firms.

  • Reports & Data Export – Comprehensive insights into user activity, project summaries, and platform adoption, with seamless integration into PowerBI.

  • DocuSign Envelope Management – Enhanced organization and visibility for signature workflows, with improved flexibility and control.

Looking Ahead to 2025

As we reflect on an extraordinary year, we recognize that none of this would have been possible without you—our customers, partners, and team. Your trust, collaboration, and dedication fuel our passion and drive our commitment to transforming transaction management.

The milestones of 2024 are just the beginning. With groundbreaking advancements, deeper partnerships, and expanded opportunities ahead, we’re more excited than ever for what’s to come in 2025. From all of us at DealCloser, thank you for being part of this journey. Here’s to another year of innovation, collaboration, and shared success!

About DealCloser

DealCloser, a majority-owned portfolio company of Bryce Catalyst, is a transaction management solution designed to maximize your legal team's productivity and enable faster deal closings. Our all-in-one platform accelerates deal velocity by eliminating inefficiencies and providing the automation and speed needed for seamless transactions. With DealCloser, legal professionals can streamline every stage of the closing process—from creating and managing checklists to simplifying contract negotiations, automating signature page workflows, and generating complete closing sets in seconds.

Trusted by firms across a broad range of transaction types, including M&A, Banking and Finance, Real Estate, Venture Capital, Private Equity, and Restructuring, DealCloser brings simplicity, speed, and precision to deal management. Say goodbye to time-wasters and hello to innovation you can close on.