Alexi, a Toronto, Canada-based AI litigation platform provider, has secured a CAD $4.5 million debt facility.
The financing was from TD Innovation Partners (TDIP), a division of The Toronto-Dominion Bank. TDIP offers tailored banking and financing solutions for technology and innovation companies at all stages, including banking, lending, principal investments, and private banking services.
Alexi Use of Funds
The company will use the financing to accelerate product innovation, fuel expansion, and reinforce its mission to equip litigators with cutting-edge AI tools.
About Alexi
Founded in 2017 by Mark Doble, Alexi is an AI-powered litigation platform designed to help lawyers streamline legal research, analyze complex cases, and enhance decision-making. Alexi uses proprietary AI technology to provides litigators with essential legal insights. The platform serves small, mid-sized, and large law firms, with clients including McLeod Law, Oatley Vigmond LLP, and Stewart McKelvey.
Funding Details
Company: Alexi Technologies Inc.
Raised: CAD $4.5M
Type: Debt Financing
Funding Date: February 2025
Lender: TD Innovation Partners (TDIP)
Company Website: https://www.alexi.com/
Software Category: Legal AI Solutions
Source: https://www.businesswire.com/news/home/20250211664883/en