Genie AI, a London, UK-based AI-powered legal editor provider, has raised €16 million in Series A funding, bringing its total raised to over €18 million.
Investors
The round was led by GV (Google Ventures), with participation from Khosla Ventures.
Founded in 2009, GV is Alphabet's venture capital arm based in San Francisco, focusing on enterprise, life sciences, consumer, and frontier technology sectors. With offices in Cambridge, London, and New York, GV manages over $10 billion in assets and supports 400 active portfolio companies across North America and Europe.
Genie AI Use of Funds
The company will use the funds to accelerate product development, expand its AI-driven legal drafting capabilities, and scale operations globally.
About Genie AI
Founded by Rafie Faruq and Nitish Mutha, Genie AI is a legal technology company that uses artificial intelligence to automate and streamline the drafting and reviewing of legal documents. Its flagship product is an AI-powered legal editor that generates personalized, professionally formatted agreements. The platform uses machine learning to improve accuracy and enhance the efficiency of lawyers' workflows. Over 100,000 companies, including 11 FTSE100 firms, 20 Global200 law firms, top US banks, and two of the UK's 'big four' supermarkets, have used Genie AI to draft or review contracts across 120+ jurisdictions, including the UK, US, India, Australia, and Germany.
Funding Details
Company: Genie AI Ltd.
Raised: €16.0M
Round: Series A
Funding Date: October 2024
Lead Investor: GV (Google Ventures)
Additional Investors: Khosla Ventures
Company Website: https://www.genieai.co/
Software Category: AI Legal Editor
Source: https://www.eu-startups.com/2024/10/london-based-genie-ai-raises-e16-million-to-reduce-legal-friction-and-boost-economic-efficiency/