Investments in authorized tech obtained off to a sluggish begin in 2024. A tech-funding-upgrade-harvey/”>Crunchbase report simply final week stated that authorized tech startups had raised solely $356 million this yr, in comparison with $871 million final yr.
However within the final 30 days, in keeping with my monitoring, authorized tech corporations have raised not less than $414 million — suggesting each that investments are choosing up and that the sector may very well be on monitor to surpass final yr’s tally.
I would not have entry to the complete set of Crunchbase knowledge, so I have no idea if it contains any of those raises from the final 30 days. Its report was dated June 13, and a number of other of the investments under had been introduced after that date. I’ve not tallied the complete yr thus far.
However trying simply on the final 30 days, listed below are the offers I do know of.
(The chart doesn’t embody LawPro.ai, which stated on June 13 that it had acquired an undisclosed quantity of angel funding, or Arcadia Finance, a brand new litigation funding firm that stated on June 18 that it had secured entry to over $100 million in funding capital.)
| Firm | Quantity | Date | Spherical | Buyers | Principal Product |
| Wordsmith | $5,000,000 | 6/20/2024 | Seed | Led by Index Ventures, with participation by Basic Catalyst. Felix, Yellow and S16vc. | An AI-driven, lawyer-in-the-loop instrument for company authorized to supply fast recommendation. |
| DeepJudge | $10,000,000 | 6/18/2024 | Seed |  Led by Coatue, with participation from angel buyers resembling Gokul Rajaram and current buyers Thomas Dübendorfer, Daniel Sauter, Felix Ehrat and Christian Wenger. | Leverages AI to assist regulation companies and authorized departments search their very own information base, |
| Hona | $9,500,000 | 6/17/2024 | Collection A | Led by Costanoa Ventures with participation from Ludlow Ventures, Soma Capital and Y Combinator. | Automated shopper updates. |
| Litipay | $1,400,000 | 6/14/2024 | Not said. | SRM Ventures | Litigation funding |
| tech/”>Atticus | $7,200,000 | 6/11/2024 | Not said. | Skip Capital and Blackbird Ventures. | Doc evaluate and verification. |
| Alexi | $11,000,000 | 6/10/2024 | Collection A | Led by Drive Capital, with participation from current buyers together with Draper Associates. | Generative AI for authorized analysis and litigation. |
| FirmPilot | $5,000,000 | 6/10/2024 | Collection A | Led by Blumberg Capital, with participation from new and current buyers Valor Ventures, SaaS Ventures, FJ Labs, and Connexa Capital. | AI advertising engine for regulation companies. |
| CaseMark | $1,700,000 | 6/10/2024 | Seed | Led by Gradient Ventures, an funding agency backed by Google, with participation from Cambrian and the Journey Dwelling AI Fund. | Makes use of AI for doc summarization, analysis, and authorized evaluation. |
| Structureflow | $6,000,000 | 5/30/2024 | Collection A | Led by FINTOP Capital, with follow-on funding from Venrex, a part of Choose Fairness Group, a US asset administration fund. | Visually fashions company buildings. |
| Transcend | $40,000,000 | 5/28/2024 | Collection B | Led by StepStone Group. | Knowledge privateness and compliance. |
| Skribe | $3,500,000 | 5/24/2024 | Seed | Not disclosed. | Makes use of AI to create transcripts of deposition testimony. |
| ActiveNav | $8,000,000 | 5/23/2024 | Gresham Home Ventures. | Knowledge discovery and cleanup. | |
| Superlegal | $5,000,000 | 5/24/2024 | Seed | co-led by Aleph and Disruptive AI fund, with the participation of Alicorn Enterprise Capital and former Thomson Reuters CEO Tom Glocer. | Contract evaluate for small and mid-sized companies. |
| DeepL | $300,000,000 | 5/22/2024 | Not said. | Led by Index Ventures with participation from ICONIQ Progress, Lecturers’ Enterprise Progress, IVP, Atomico and World Innovation Lab. | Translation. |
| KonProz | $700,000 | 5/20/2024 | Angel | Led by Dr. Ruchi Parekh, RDB Group and angel buyers. | AI-driven analysis on India tax, authorized and regulatory regulation. |
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