Recently I got interested in applying AI to legal docs. As an entrepreneur I have to deal with different type of contracts frequently and I noticed that ChatGPT or Claude can be quite handy in analyzing contracts quickly. So I got curious if there are any specialised tools for contracts. Sure enough after some research I discovered that there are a handful of startups building in the legal AI space. Here is my quick overview of what’s going on in the legal AI space. It’s the data on legal AI companies that raised more than $1M in the past 12 months:
Harvey (San Francisco)
Funding: $300 m Series D — 12 Feb 2025, led by Sequoia, Coatue, Kleiner Perkins & GV
What it does: Full-stack Gen-AI workbench that BigLaw uses for contract analysis, diligence and litigation strategy.
EvenUp (San Francisco)
Funding: $135 m Series D — 8 Oct 2024, led by Bain Capital Ventures with Premji Invest, Lightspeed, Bessemer & others
What it does: Personal-injury claims-intelligence platform that drafts, values and reviews case files automatically.
Legora (Stockholm)
Funding: $80 m Series B — 21 May 2025, led by ICONIQ Growth & General Catalyst
What it does: Gen-AI copilot (Word/Outlook add-ins) that surfaces firm knowledge, drafts and redlines documents.
Luminance (London/Cambridge)
Funding: $75 m Series C — 18 Feb 2025, led by Point72 Private Investments
What it does: Proprietary “Legal-Grade™” transformer that negotiates, red-flags and analyses contracts end-to-end.
Supio (Seattle)
Funding: $60 m Series B — 30 Apr 2025, led by Sapphire Ventures with Mayfield & Thomson Reuters Ventures
What it does: Gen-AI document-intelligence stack tailored to plaintiff-side mass-tort and personal-injury firms.
Lawhive (London)
Funding: $40 m Series A — 4 Dec 2024, co-led by GV (Google Ventures) & TQ Ventures
What it does: “AI lawyer” platform that automates client intake, casework and billing for small/consumer-law practices.
Wordsmith AI (Edinburgh)
Funding: $25 m Series A — 3 Jun 2025, led by Index Ventures
What it does: Fleet-of-agents platform that answers business-unit queries and automates in-house legal workflows.
Genie AI (London)
Funding: $17.8 m Series A — 23 Oct 2024, led by GV with Khosla Ventures
What it does: Open-source contract editor with 1,800+ templates and an agentic drafting/review assistant.
Semeris (London)
Funding: $4.3 m Seed — 3 Feb 2025, led by Puma Growth Partners
What it does: AI parses 5,000+ CLO/ABS deals so finance lawyers can run “what’s-market” clause searches in seconds.
Theo Ai (Palo Alto)
Funding: $4.2 m Seed — 19 May 2025, co-led by NextView Ventures & Collide Capital
What it does: Predicts litigation outcomes and settlement ranges, helping firms quantify case risk early.
So the total funding raised by AI legal startups is almost a billion dollars in just last 12 months. All of them are in B2B segment, i.e. providing services to either different types of legal teams. But what about B2C case? Direct to consumer legal AI? Seems like a huge opportunity and some one should eventually go for it.