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BRINGING YOU THE LATEST IN LEGALTECH NEWS


TLTF & Friends in the News

  • 🤠 See you in Austin for the 4th annual TLTF Summit in 1 week! Explore the 2025 lookbook with the full agenda here.

  • 🎉 Nexl, an AI-driven CRM and growth platform for law firms, raised $23M Series B, led by Tidemark Capital. 

  • 🎉 Spellbook, an AI contract drafting platform, raised $50M Series B, led by Khosla Ventures.

  • 🎉 Truth Systems, an AI governance platform, raised $4M Seed, led by Gradient, with participation from The LegalTech Fund. 


In the Money: Fundings

  • Crosby, a hybrid AI law firm, raised $20M Series A, from investors including Cooley.

  • Deel, a global HR and payroll platform, raised $300M Series E, co-led by Ribbit Capital and Andreessen Horowitz.

  • EvenUp, an AI platform for plaintiff bar case preparation, raised $150M Series E at $2B valuation, led by Bessemer Venture Partners.

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

  • FurtherAI, an AI solution for insurance professionals, raised $25M Series A, led by Andreessen Horowitz.

  • Harvey, a legal AI platform, raised $150M, led by Andreessen Horowitz, following a recent €50M strategic investment from EQT Growth.

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

  • Legora, a collaborative AI platform for lawyers, raised $150M, led by Bessemer Venture Partners.

  • Lucio, an AI-native legal workspace, raised $5M Seed, led by DeVC.

  • Matters, an AI-native data security platform, raised $4.8M Seed, led by Kalaari Capital.

  • Oqood, an AI platform that streamlines legal workflows, raised $1M Seed, from angel investors.

  • Oneleet, a security compliance platform, raised $33M Series A, led by Dawn Capital.

  • Syntracts, a secure legal AI infrastructure startup, raised $5.3M, led by Hyperplane.

  • Vesence, an agentic AI solution for law firms, raised $9M Seed, led by Emergence Capital and Y Combinator.

  • Vulcan Technologies, a regulatory technology company, raised $10.9M Seed, led by General Catalyst.

Acquisitions

  • Aderant, a suite of legal billing software, acquired Virtual Pricing Director, a SaaS legal pricing solution, to be available standalone and integrated into Aderant's existing suite.

  • Eudia, an AI platform for in-house legal teams, acquired Out-House, a legal service provider, to expand its leadership as the trusted AI platform for Fortune 500 legal teams.

  • Elevate, a software-powered law company, acquired Legadex, a Dutch ALSP, to transform legal service delivery through technology and innovation.

  • Law Business Research, a portfolio company of the ICG asset management business, acquired Legal Geek, a legaltech community, expanding further into Europe and into legal operations, technology and service provider markets.

  • LegalOn, a legal AI platform built for contracting, acquired Fides, a compliance platform, to streamline governance for in-house legal teams.

  • Opus 2, a litigation platform, acquired Dutch startup Uncover, an AI-driven case management company, to expand the business and provide more AI capabilities.

See more about TLTF’s Portfolio Companies

  • View TLTF’s Portfolio Companies here.

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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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