AI-powered authorized tech firm, Definely, has raised $30m (£22m) in Collection B funding to speed up its world growth and AI product roadmap.
The spherical contains buyers from Europe and North America, and it’s led by development investor Revaia, alongside Alumni Ventures, Beacon Capital, and authorized tech large, Clio.
Early buyers, together with Octopus Ventures, Zrosk Funding Administration, The Raine Group, and Cornerstone VC have additionally participated within the spherical.
Launched in 2020 by Nnamdi Emelifeonwu and Feargus MacDaeid – who labored collectively at Freshfields – Definely was born from lived expertise, together with that of co-founder MacDaeid, who’s registered blind after being recognized with a degenerative eye situation at age 11.
Definely virtually tripled its ARR in 2024, and is now utilized by over 100 in-house authorized groups and personal observe corporations.
Its prospects embody high Magic Circle and White Shoe corporations, together with A&O Shearman, Slaughter and Might, DLA Piper, and Dentons, and in-house company counsel for blue-chip corporations resembling BT Group, Deloitte, and P&O Cruises.
Definely has gained sturdy traction within the US market, which now accounts for 30% of its income.
The most recent fundraise will assist additional growth, with key staff shifting to the East Coast and the place Definely has just lately appointed a US-based Normal Supervisor.
The funding will even be used to additional develop new and current merchandise. This funding spherical follows Definely’s current launch of its multi-agent AI system, Improve.
Definely is constructed for legal professionals working below strain on advanced, high-stakes offers. The platform integrates inside Microsoft Phrase, and permits legal professionals to retain contextual understanding of authorized paperwork by immediately surfacing related info inside, and throughout, contracts.
Nnamdi Emelifeonwu, co-founder and chief government of Definely, mentioned: “This newest funding spherical is a testomony to the laborious work of an unimaginable crew and the belief our prospects have positioned in us.
“As a enterprise, we’re deeply dedicated to constructing human-first merchandise, leveraging generative AI not for the sake of it – however to resolve actual and tangible issues that legal professionals face at present. As a former lawyer myself, I witnessed a few of these issues first-hand.
“As a enterprise, now we have remained extremely capital environment friendly, prioritising sustainable development fairly than development in any respect prices. I imagine this strategy, mixed with our world-class crew and merchandise, will permit us to succeed as we develop into new markets.”
This extra funding brings the full quantity raised by Definely since inception to $40m (£30m).
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