Funds Flow
- jayleviste
- Jul 1
- 3 min read
BRINGING YOU THE LATEST IN LEGALTECH NEWS
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Fundings
Cequence, an AI startup automating contract workflows, raised a $2M Seed round from Czech Jet Ventures, Look AI Ventures, and Slido angels, to fuel international expansion.
ConductorAI, an AI platform for U.S. federal agencies, received a strategic investment from Booz Allen Ventures, to modernize operations and enhance service efficiency.
Cyborg, a Vector DB that keeps inference data end-to-end encrypted, raised an undisclosed amount by iGan Partners, to advance confidential AI for regulated industries.
Definely, a document drafting and knowledge management company, raised $30M Series B, to accelerate its global expansion and AI product roadmap.
Flank, an AI-powered legal and compliance automation company, raised $10M, led by Insight Partners, to scale autonomous legal agents.
Harvey, a legal LLM, raised $300M Series E, co-led by Kleiner Perkins and Coatue, to expand globally and enter into new professional services like tax accounting.
Laurel, an AI time platform, raised $100M, led by IVP, with participation from Google Ventures and 01A, to transform the professional services industry.
Midpage, a legal research platform, raised a $4M Seed round from a legal publishing house, a chief innovation officer from one of the Am Law top 30 firms and LEA Partners, to continue building for legal researchers.
Ontra, an AI legaltech for private markets, raised $70M in debt financing, from Silicon Valley Bank, to accelerate product development.
Pactum, an agentic AI platform for enterprise procurement, raised $54M Series C, led by Insight Partners, to expand operations and its development efforts.
ProfitSolv, a practice management and payments software for professional services firms, received an undisclosed strategic investment co-led by FTV Capital and Lightyear Capital, to continue product innovation.
Qanooni, an AI platform for legal professionals, raised $2M Pre-Seed, from Village Global, Salica Investments, TA Ventures, and angel investors, to expand its team and scale operations in the UAE and UK.
Solve Intelligence, an AI for patents platform, raised $12M Series A from Microsoft (via M12), Thomson Reuters (via TRV), 20VC, and Y Combinator to advance R&D and product.
Valla, a legal platform for workers in the UK, raised a $2.7M Seed round from Ada Ventures, to make legal recourse more accessible to employees.
Wordsmith AI, a platform to build and deploy intelligent agents, raised $25M Series A from Index Ventures, to deploy fleets of legal AI agents and power the rise of legal engineers.
Acquisitions
BayPine acquired a majority stake in legal tech consultancy Harbor Global to fuel next wave of digital transformation.
Consilio acquired TrueLaw, a legal AI research lab, to expand AI and advanced narrative generation capabilities.
Clio will acquire vLex, a legal intelligence and research platform, for $1B USD in a combination of cash and stock, to expand global footprint and unlock agentic AI capabilities.
Wolters Kluwer will acquire Brightflag, an AI-powered legal spend and matter management platform, for €425M in cash to expand its reach among mid-sized U.S. and European corporations.
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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.