London-based startup Definely, a legal tech company, has raised $30 million in a Series B funding round to support lawyers streamline their work with the aid of AI. Paris-based VC firm Revaia led the funding round, with participation from Alumni Ventures, Beacon Capital, Clio, Octopus Ventures, Zrosk Investment Management, The Raine Group, and Cornerstone VC, according to Vest Bee.
“We are proud to lead Definely’s Series B and support a company that is setting the standard for AI-powered legal technology,” Morgan Kessous, Partner at Revaia, declared.
What is Definely?
Founded by two former Magic Circle lawyers, Nnamdi Emelifeonwu and Feargus MacDaeid – who is registered blind – the duo set out to create legal documents more accessible to those with visual impairments before realizing their solution had wider implications.
Features of Definely’s suite include automating proofreading checks, enabling editing of defined terms and cross-references, and providing AI-assisted drafting and review through its product Enhance.
The AI-powered software is currently utilized by more than 100 in-houtilize legal teams and law firms worldwide, including several Magic Circle and White Shoe firms, as well as corporate legal departments at companies such as BT Group and Deloitte.
$30 million seed B funding round
The majority of the $30 million from the Series B funding round will be utilized to expand the company’s global presence, with a specific focus on the US market.
Last October, the startup raised a $7 million Series A investment round, led by Octopus Ventures and including participation from Cornerstone VC, Zrosk Investment Ltd., and notable angels such as Ajay Patel and Babatunde Soyoye.
“Although the landscape remains tough, with Black and disabled founders facing significant systemic barriers, I hope what Feargus (registered blind) and I have achieved offers a tiny reminder that it can be done,” Emelifeonwu declared on LinkedIn.
Image: Definely
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