A naukri.com initiative
Insider
1M
18
Image Credit: Insider
Legaltech startups have raised over $1 billion this year. Here are 10 companies to watch.
- Legaltech startups have raised over $1 billion in funding this year, attracting significant investor interest despite a slowing funding market.
- AI-driven legaltech firms are leveraging artificial intelligence to streamline legal work, leading to a surge in funding for companies in the legal and legaltech industries.
- Companies like Harvey, Luminance, Legora, Eudia, Supio, Eve, Spellbook, Paxton, Theo Ai, and Marveri are among the notable legaltech startups that have raised substantial funding.
- Harvey, with over $500 million in total funding, stands out in the legaltech landscape with breakthrough momentum and a growing list of competitors.
- Luminance, with $165 million in total funding, is experiencing soaring demand for its legal contract review and drafting platform, fueled by revenue growth and additional Series C funding.
- Legora, with $120 million in total funding, aims to help lawyers speed up legal research and drafting with a focus on tight customization for major law firms.
- Eudia, having raised $105 million in total funding, targets in-house legal teams with custom agents to enhance efficiency in legal tasks, following the success of founder Omar Haroun's previous startup sale.
- Supio, with $91 million in total funding, offers a platform for plaintiff law firms, utilizing AI to parse legal documents and assist lawyers in building medical chronologies and drafting briefs.
- Eve, with $61 million in total funding, helps automate tasks for plaintiff firms and has shown progress in attracting law firm customers, especially in the personal injury and employment law sectors.
- Spellbook, with over $30 million in total funding, has seen consistent growth and is known for its contract drafting and review tool, currently in talks to raise a Series B round.
Read Full Article
1 Like
For uninterrupted reading, download the app