LegalFly, a Ghent, Belgium-based legal AI platform provider, has secured over €15 million in Series A funding.
Investors
The round was led by Notion Capital, with participation from redalpine and Fortino Capital.
Notion Capital is a venture capital firm focused on European B2B SaaS and Cloud, managing assets worth more than $700 million and having made over 100 investments.
LegalFly Use of Funds
The company will utilize the funding for growth plans, which include tripling its current team by the end of the year and accelerating the development of new features. Additionally, the investment will facilitate LegalFly's expansion across Europe and strengthen its partnerships with leading law firms and enterprises.
About LegalFly
Founded in 2023 by Ruben Miessen, Kasper Verbeeck, Dennis Montégnies, and Gregory Vekemans, LegalFly is a cutting-edge legal technology company specializing in artificial intelligence solutions for the legal industry. LegalFly offers a suite of AI agents designed to automate various legal tasks, including contract analysis, regulatory compliance, and document management. The company serves dozens of leading European law firms and enterprises and has forged strategic partnerships with industry giants such as Slaughter & May and Allianz.
Funding Details
Company: LegalFly BV
Raised: €15.0M
Round: Series A
Funding Month: July 2024
Lead Investors: Notion Capital
Additional Investors: redalpine, Fortino Capital
Company Website: https://www.legalfly.ai/
Software Category: Legal AI
Source: https://www.eu-startups.com/2024/07/ghent-based-legalfly-bags-e15-million-to-expand-product-in-power-corporate-legal-teams/