Indianapolis-based venture studio High Alpha has launched its third startup in six weeks. Doxly is a legal transaction management platform that it says will bring law firms and their clients a better way to manage the deal process.
The company was co-founded by attorney Haley Altman. Doxly says the platform automates workflows for dilligence and closing checklists, provides analytics and reports, allows legal teams and clients to collaborate on documents and archives all transaction-related information into digital "closing books."
Doxly says the platform is currently undergoing private beta testing with several firms, including Indianapolis-based Ice Miller LLP. It is expected to become generally available this fall.
"Companies and their legal teams are still managing diligence checklists and closing worksheets in email inboxes and file folders," said Mike Fitzgerald, partner at High Alpha. "With Haley’s experience, and her passion for pioneering a better way to manage deals, coupled with High Alpha’s expertise in software as a service, we will redefine legal transaction management with a modern online solution built to serve the needs of today’s attorney."
Doxly is the latest portfolio company for High Alpha, which launched software provider Zylo at the end of June and ClearScholar just two weeks earlier. The venture studio’s first company, Sigstr Inc., announced a $1.4 million expansion in downtown Indianapolis last month, which is expected to add up to 111 jobs.