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Aug 142 min read

Funds Flow

TLTF & Friends in the News šŸ—ŗļø Check out our latest market map landscape of early-stage companies revolutionizing the transaction management space in legaltech! Ā 

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Fundings

  • Alma, an immigration automation platform that simplifies the visa process for technologists, founders and researchers, raised $5.1M in Pre-seed and Seed funding.

  • Clio, a cloud-based platform for legal client management and operations, raised a $900M Series F led by New Enterprise Associates (NEA).

  • Cytactic, a cybersecurity platform that manages threats and risks, raised a $16M Seed led by Evolution Equity Partners.

  • DecoverAI, a legal platform that uses AI to streamline e-discovery, raised a $2M Seed led by Leo Capital.

  • Definely, a contract management platform that simplifies document reading and drafting, raised an undisclosed amount of funding.

  • FinLegal, a litigation funding and management service provider, raised Ā£2m in funding.

  • Harvey, a generative AI tool for lawyers, raised a $100M Series C led by Google Ventures.

  • Hebbia, an artificial general intelligence developer for complex task management, raised a $130M Series B led by Andreessen Horowitz.

  • HerculesAI, an AI software that streamlines and automates admin tasks, raised a $26M Series B led by Streamlined Ventures.

  • LegalFly, a developer of AI copilot that enhances legal workflows, raised a $16.3M Series A led by Notion Capital.

  • Leya, an AI developer for legal professionals, raised a $25M Series A led by Redpoint Ventures.

  • netLex, a contract management platform, raised $22.7M in funding led by Riverwood Capital.

  • PointOne, an AI-powered software for legal billing, raised a $3.5M Seed.

  • Uncover Legal, a legal software for automated case management, raised an undisclosed amount of funding.

  • Xapien, an AI platform for global third-party risk research, raised a $10M Series A led by YFM Equity Partners.


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Acquisitions

  • Legaltech Hub, a directory for researching legal technology solutions and tools, acquired Legal Tech Consultants, an advisory services provider to legal operations.

  • Litera, an AI-powered document productivity platform for law firms, acquired FileTrail, a governance software for legal and corporate departments.

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