Investments in legal tech got off to a slow start in 2024. A Crunchbase report just last week said that legal tech startups had raised only $356 million this year, compared to $871 million last year.

But in the last 30 days, according to my tracking, legal tech companies have raised at least $414 million — suggesting both that investments are picking up and that the sector could be on track to surpass last year’s tally.

I do not have access to the full set of Crunchbase data, so I do not know if it includes any of these raises from the last 30 days. Its report was dated June 13, and several of the investments below were announced after that date. I have not tallied the full year to date.

But looking just at the last 30 days, here are the deals I know of.

(The chart does not include LawPro.ai, which said on June 13 that it had received an undisclosed amount of angel funding, or Arcadia Finance, a new litigation funding company that said on June 18 that it had secured access to over $100 million in investment capital.)

Company Amount Date Round Investors Principal Product
Wordsmith $5,000,000 6/20/2024 Seed Led by Index Ventures, with participation by General Catalyst. Felix, Yellow and S16vc. An AI-driven, lawyer-in-the-loop tool for corporate legal to provide rapid advice.
DeepJudge $10,000,000 6/18/2024 Seed  Led by Coatue, with participation from  angel investors such as Gokul Rajaram and existing investors Thomas Dübendorfer, Daniel Sauter, Felix Ehrat and Christian Wenger. Leverages AI to help law firms and legal departments search their own knowledge base,
Hona $9,500,000 6/17/2024 Series A Led by Costanoa Ventures with participation from Ludlow Ventures, Soma Capital and Y Combinator. Automatic client updates.
Litipay $1,400,000 6/14/2024 Not stated. SRM Ventures Litigation funding
Atticus $7,200,000 6/11/2024 Not stated. Skip Capital and Blackbird Ventures. Document review and verification.
Alexi $11,000,000 6/10/2024 Series A Led by Drive Capital, with participation from existing investors including Draper Associates. Generative AI for legal research and litigation.
FirmPilot $5,000,000 6/10/2024 Series A Led by Blumberg Capital, with participation from new and existing investors Valor Ventures, SaaS Ventures, FJ Labs, and Connexa Capital. AI marketing engine for law firms.
CaseMark $1,700,000 6/10/2024 Seed Led by Gradient Ventures, an investment firm backed by Google, with participation from Cambrian and the Ride Home AI Fund. Uses AI for document summarization, research, and legal analysis.
Structureflow $6,000,000 5/30/2024 Series A Led by FINTOP Capital, with follow-on investment from Venrex, part of Select Equity Group, a US asset management fund. Visually models corporate structures.
Transcend $40,000,000 5/28/2024 Series B Led by StepStone Group. Data privacy and compliance.
Skribe $3,500,000 5/24/2024 Seed Not disclosed. Uses AI to create transcripts of deposition testimony.
ActiveNav $8,000,000 5/23/2024 Gresham House Ventures. Data discovery and cleanup.
Superlegal $5,000,000 5/24/2024 Seed co-led by Aleph and Disruptive AI fund, with the participation of Alicorn Venture Capital and former Thomson Reuters CEO Tom Glocer. Contract review for small and mid-sized businesses.
DeepL $300,000,000 5/22/2024 Not stated. Led by Index Ventures with participation from ICONIQ Growth, Teachers’ Venture Growth, IVP, Atomico and World Innovation Lab. Translation.
KonProz $700,000 5/20/2024 Angel Led by Dr. Ruchi Parekh, RDB Group and angel investors. AI-driven research on India tax, legal and regulatory law.

 

 

Photo of Bob Ambrogi Bob Ambrogi

Bob is a lawyer, veteran legal journalist, and award-winning blogger and podcaster. In 2011, he was named to the inaugural Fastcase 50, honoring “the law’s smartest, most courageous innovators, techies, visionaries and leaders.” Earlier in his career, he was editor-in-chief of several legal publications, including The National Law Journal, and editorial director of ALM’s Litigation Services Division.