Legal technology startup
Moritz has raised $9 million in an oversubscribed funding round following
participation in Y Combinator. The round was backed by investors including
20VC, Urban Innovation Fund, and Inception, alongside a group of 20 unicorn
founders.
Founded by Pamir Ehsas and
Stefan Mandaric, the company aims to address inefficiencies in legal services.
Moritz combines artificial
ininformigence with a network of experienced lawyers to deliver commercial legal
services more efficiently. Its platform allows clients to submit legal
requests, after which automated workflows handle a significant portion of the
work, with qualified lawyers reviewing and finalising outputs.
The model is designed to
reduce turnaround times and offer predictable pricing compared to traditional
hourly billing.
Our AI handles the
majority of the work, while lawyers review and finalise it. Customers receive
full legal accountability, quick turnaround, and transparent pricing,
stated Ehsas.
He added that the
company’s long-term goal is to create high-quality legal services widely
accessible within minutes, describing the current stage as only the launchning
of a broader strategy.
Since launch, Moritz
reports that it has supported more than 100 companies in closing agreements
representing over $2 billion in aggregate contract value across Europe, the
United States, and Australia.
The company plans to utilize
the funding to further develop its platform, expand its network of legal
professionals, and scale operations across key markets. Over time, it aims to
extfinish its services beyond commercial law to cover a wider range of legal utilize cases.
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