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Legal software company Spellbook raises $20m in Series A funding Spellbook, a legal software company focused on contracts, has raised $20m in a Series A funding round. The funding was led by Montreal-based venture capital firm Inovia Capital, with participation from investors including The LegalTech Fund, Bling Capital, and Thomson Reuters Ventures. Spellbook offers an artificial intelligence (AI) contract drafting and review tool that utilizes large language models, including OpenAI's GPT-4. The tool is designed for corporate and commercial lawyers in law firms and companies, providing contract language suggestions and negotiation points. The company's core customer base consists of small and midsize firms and solo lawyers, but it has also sold to larger firms and in-house legal teams. Spellbook previously focused on automating routine legal tasks and recently rebranded from Rally. The legal AI market is attracting new investors, with startups like Norm AI, Robin AI, and Harvey raising significant funding for their AI products Subscribe to Legal Slice if you want to stay up-to-date on the latest news and trends in the legal world: ➡️ https://lnkd.in/dZp_tvpt #law #Legal #legaltech #legalai #lawyers #venturecapital #legalfunding #legalstartups

Today Belgian legaltech startup LegalFly announced the successful completion of its Seed funding round, raising over €2 million. The round was led by Redalpine, with Mehdi Ghissassi, Director of Product at Google DeepMind, contributing and underscoring the AI industry’s confidence in LegalFly’s mission. LegalFly is an artificial intelligence copilot tailored for legal teams, merging cutting-edge technology with exclusive legal data pooled from key partnerships. According to CEO Ruben Miessen: “Our goal is to supercharge legal teams across law firms and corporate counsels, enhancing every aspect of their professional journey with our AI-driven Copilot. Our product-first mindset, refined through our experiences at Tinder and Match Group, drives us to create solutions that precisely meet user needs.” Sebastian Becker, General Partner at Redalpine and newly appointed board member, shared: “The exceptional technical team at LegalFly has created a standout product leading to exceptional customer usage. This, combined with their highly effective go-to-market strategy, makes LegalFly perfectly positioned to lead the way in the fast-moving legal sector.” https://lnkd.in/e7DGbdwN #Legal #Legaltech #Legaltechtalk #Law #Funding

New AI legal assistant startup Eve raises $14m in funding The legal artificial intelligence market is becoming more competitive as new startups attract investors. Eve, a new entrant, has launched with $14m in seed funding. The San Francisco-based company offers a personalized AI legal assistant that automates tasks such as document review and legal research. Eve's enterprise software comes with customizable skills for law firm customers. The legal AI market is still evolving, with no clear leader. Other legal AI startups, such as LegalMation, EvenUp, Paxton AI, and Harvey AI, have also recently raised capital. Law firms are also developing their own chatbots to ensure data security. Subscribe to Legal Slice if you want to stay up-to-date on the latest news and trends in the legal world: ➡️ https://lnkd.in/dZp_tvpt #LegalTech #LegalAI #AIStartups #EveStartup #SeedFunding #LegalAssistant #AIInLegal #LawTech #LegalInnovation #SanFranciscoStartup #LegalAutomation #DocumentReview #LegalResearch #AIEnterpriseSoftware #LegalIndustry #LegalTechInnovation #LawFirmTech #LegalSoftware #LegalAICompetition #ArtificialIntelligenceLegalAssistant #LawFirmInnovation #TechInvestment #LegalTechTrends #LegalAICompetitors #LegalAICompanies #NewLegalTech #AISeedFunding

LegalTech Pioneer LegalFly Raises Over €2M in Seed Funding Belgian legaltech startup LegalFly has successfully raised over €2 million in a Seed funding round led by Redalpine, with contributions from Mehdi Ghissassi, Director of Product at Google DeepMind. LegalFly offers an artificial intelligence copilot designed for legal teams, utilizing advanced technology and exclusive legal data partnerships. The AI anonymizes legal documents, ensuring secure on-premise use for law firms focusing on efficiency in litigation, contract review, and drafting. Users report a 60% reduction in contract-related tasks. The funding will accelerate product development, business expansion to the US, and outreach to new customers. Ruben Miessen #LegalTech #LegalFly #AICopilot #SeedFunding #Redalpine #LegalData #ContractReview #Litigation #LawFirms #LegalInnovation

This is another reminder in the legal tech industry that underscores the ever-growing interest and investment in AI-driven solutions. A legal AI startup has successfully raised $20 million, highlighting the sector's increasing appeal to investors. This funding marks a significant milestone, reflecting the potential of AI to revolutionize the legal field with enhanced efficiency and innovation. The investment in this startup is not just a win for the company but signifies a broader trend of embracing technology in legal practices. #LegalTech #AI #Innovation #Investment #LegalIndustry https://lnkd.in/dnc9qCuY

This is another reminder in the legal tech industry that underscores the ever-growing interest and investment in AI-driven solutions. A legal AI startup has successfully raised $20 million, highlighting the sector's increasing appeal to investors. This funding marks a significant milestone, reflecting the potential of AI to revolutionize the legal field with enhanced efficiency and innovation. The investment in this startup is not just a win for the company but signifies a broader trend of embracing technology in legal practices. #LegalTech #AI #Innovation #Investment #LegalIndustry https://lnkd.in/eRG_zGKu

This is another reminder in the legal tech industry that underscores the ever-growing interest and investment in AI-driven solutions. A legal AI startup has successfully raised $20 million, highlighting the sector's increasing appeal to investors. This funding marks a significant milestone, reflecting the potential of AI to revolutionize the legal field with enhanced efficiency and innovation. The investment in this startup is not just a win for the company but signifies a broader trend of embracing technology in legal practices. #LegalTech #AI #Innovation #Investment #LegalIndustry https://lnkd.in/dnc9qCuY

This is another reminder in the legal tech industry that underscores the ever-growing interest and investment in AI-driven solutions. A legal AI startup has successfully raised $20 million, highlighting the sector's increasing appeal to investors. This funding marks a significant milestone, reflecting the potential of AI to revolutionize the legal field with enhanced efficiency and innovation. The investment in this startup is not just a win for the company but signifies a broader trend of embracing technology in legal practices. #LegalTech #AI #Innovation #Investment #LegalIndustry https://lnkd.in/dnc9qCuY

This is another reminder in the legal tech industry that underscores the ever-growing interest and investment in AI-driven solutions. A legal AI startup has successfully raised $20 million, highlighting the sector's increasing appeal to investors. This funding marks a significant milestone, reflecting the potential of AI to revolutionize the legal field with enhanced efficiency and innovation. The investment in this startup is not just a win for the company but signifies a broader trend of embracing technology in legal practices. #LegalTech #AI #Innovation #Investment #LegalIndustry https://lnkd.in/dnc9qCuY

Spellbook, a legal software company focused on contracts, said that it has raised $20 million in a Series A funding round led by Montreal-based venture capital firm Inovia Capital. Spellbook says it offers a generative artificial intelligence contract drafting and review tool that is built on large language models including OpenAI's GPT-4. The product, aimed at corporate and commercial lawyers in #lawfirms and companies, can suggest contract language and negotiation points. Investors including The Legaltech Fund, Bling Capital and Thomson Reuters Ventures, a fund operated by Reuters' parent company Thomson Reuters, also participated in the round, the Canada-based company said. Sara Merken has more: https://reut.rs/4b8Wps3 #ai #legal #legalindustry