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BRINGING YOU THE LATEST IN LEGALTECH NEWS


TLTF & Friends in the News

  • 🎉We’re proud to share that we closed $110M Fund II, a milestone that reflects growing conviction in legaltech as a category reshaping how the $1T legal industry operates. We’re backing the founders building the infrastructure, AI, and automation that will define the future of law. Learn more here.

  • 🎉 NLPatent, an AI-driven patent research engine and intelligence platform, raised $3M in a round, co-led by Draper Associates and Mighty Capital


In the Money: Fundings

  • Clio, a legaltech provider of business and practice of law solutions, raised a $500M Series G, led by New Enterprise Associates (NEA) and a $350M debt facility led by Blackstone and Blue Owl Capital.

  • GC AI, an AI platform for in-house legal teams, raised a $60M Series B, led by Scale Venture Partners and Northzone.

  • Norm AI, a regulatory AI company, raised $50M from Blackstone and Stonecroft Management, and launched New York based law firm, Norm Law.

  • Coverbase, a third-party AI procurement and risk management platform, raised a $16.5M Series A, led by Canapi Ventures.

  • DeepJudge, a precision AI search platform for legal teams, raised a $41.2M Series A, led by Felicis.

  • Formalize, a compliance software company, raised a €30M Series B, co-led by Acton Capital and BlackFin Tech. 

  • Greenshoe, an AI-powered platform to streamline SEC disclosure drafting, raised a $3M Seed, led by AIX Ventures. 

  • Kaizen, a developer of e-government solutions, raised a $21M Series A, led by NEA. 

  • IP Author, an all-in-one AI workspace for patent professionals, raised an undisclosed amount of funding, led by eLab and Illuminate Ventures.

  • Ruli AI, a legal intelligence platform for in-house teams, raised a $6M Seed, led by Album VC. 

  • TrialView, an AI litigation software, raised $4.1M in growth funding, led by Elkstone Ventures.

  • GitLaw, an AI legal companion built for businesses, raised a $3M Pre-Seed, led by Jackson Square Ventures.

Acquisitions

  • Icertis, an AI-powered contract intelligence platform, acquired Dioptra, a contract intelligence AI layer, to accelerate its AI technology for enterprise contracting.

  • SimpleDocs, an AI contract drafting, review and redlining platform, acquired Law Insider, a database of contracts and clauses, to combine AI drafting with a contract database.

See more about TLTF’s Portfolio Companies

  • View TLTF’s Portfolio Companies here.

  • Interested in working in legaltech? Fill out this form to stay on TLTF & our Portfolio Companies’ radar.

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About The LegalTech Fund We invest in companies transforming the world of law. This newsletter is put together by the team at The LegalTech Fund. Follow us on LinkedIn.

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