A legal tech startup cofounded by two lawyers has raised $1 million in pre-Seed funding, backed by LaunchVic’s Alice Anderson fund for female founders. Deeligence, founded by Elena Tsalanidis and Justin Hansky, is using artificial intelligence to tackle legal due diligence. They conceived the idea for the startup after realising that most law firms are still… Read more »
New Zealand lawtech startup VXT has raised NZ$1.8 million (A$1.65 million) in a pre-Series A. The round was led by existing investor GD1 with follow on-investments from Startmate and Phase One too as well as Silicon Valley entrepreneur and former Lattice boss J Zac Stein joining the cap table. VXT has developed an AI-powered communications… Read more »
Law firm Lander & Rogers will run its seventh accelerator program for legal tech startups in 2024, with applications now open. The focus is once again on artificial intelligence (AI), which, like so many traditional industries, is now transforming law. Since it began, the LawTech Hub accelerator has assisted 25 startups – all bar one… Read more »
The legal profession has already been using artificial intelligence (AI) for several years, to automate reviews and predict outcomes, among other functions. However, these tools have mostly been used by large, well established firms. In effect, certain law firms have already deployed AI tools to assist their employed solicitors with day-to-day work. By 2022, three… Read more »
Legal industry collaboration platform Nexl has raised $6.6 million in a Series A as it looks to modernise business law. The round was co-led by Shearwater Capital and existing backer EVP. The business has now raised $10 million in 2023. Philipp Thurner, the former head of innovation at top tier law firm Gilbert and Tobin,… Read more »
Online dispute resolution platform Immediation was placed in voluntary administration last week, seven months after the startup’s founder and CEO departed amid a $2.8 million capital injection. Joanne Dunn and David McGrath from FTI Consulting were appointed administrators to 3 Australian entities: Immediation Pty Ltd (the head company), Immediation Platform, and Disputech IP Holdco, on… Read more »
Legal automation startup, Josef, has raised $5.2 million in what the company is calling “pre-series” capital. The round led by OIF Ventures, supported by existing investor Carthona Capital as well as Flying Fox Ventures, Jelix Ventures and Saniel Ventures. Founded in 2018 by lawyers Tom Dreyfus and Sam Flynn and engineer Kirill Kliavin, the company… Read more »
New York private equity venture Insight Partners has made another investment down south, leading a NS$17 million (A$16.2m) series A into New Zealand legal tech LawVu. AirTree Ventures returned for this round, having been part of a A$2.3 million pre-series A in May that also saw investments from US-based Shasta Ventures and NZ Growth Capital… Read more »
Allens, the global Australian law firm, has taken the digital transformation of the legal system by the tassels of its silks and is backing seven startups in a new accelerator program called Auctus (Latin for “enriched”.) The startups, based in four different countries, tackle issues such as document automation, smart contracts and AI-driven knowledge management,… Read more »
Online legal marketplace Lawpath has raised $4.4 million as it looks to push into Asia. Adcock Private Equity lead the round, which was oversubscribed and saw existing backers Pollenizer Investments, LegalZoom, Fort Street Advisors, Machdoch Ventures and Nick Abrahams, now head of innovation at Australian lawfirm Norton Rose Fulbright return The Sydney legaltech startup previously… Read more »
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