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Legal tech platform Definely raises $30M Series B to make contract reviewing more efficient
- Nnamdi Emelifeonwu and Feargus MacDaeid, colleagues at Freshfields, launched Definely in 2017 to help lawyers navigate complex contracts efficiently.
- Definely, an AI legal tech startup, raised $30 million in a Series B funding round from European and North American investors.
- The platform offers a productivity suite with features like Draft, Vault, Proof, and PDF to streamline legal drafting and review processes.
- Enhance, an agentic AI system recently launched by Definely, collaborates with Microsoft Word to streamline tasks for legal professionals.
- The Series B fundraising process for Definely was described as arduous but rewarding by Emelifeonwu.
- The funding will support Definely's expansion into the U.S., investing in AI technology, hiring more employees, and further growth.
- Other companies in the legal contract space include Luminance, Robin AI, and ContractPodAi.
- Emelifeonwu, a Nigerian immigrant in the U.K., transitioned from being a lawyer to an entrepreneur after experiencing challenges firsthand.
- He aims to inspire others, especially Black founders, by showing that it's possible to raise capital and create a lasting impact.
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