LegalMation, a Los Angeles, CA-based company specializing in generative AI-driven solutions for high-volume litigation, has raised $15 million in a Series A funding.
SaaS Investors
The round was led by the venture capital team at Aquiline Capital Partners LP, Aquiline Technology Growth ("Aquiline"), with participation from existing investors Motley Fool Ventures, REV Venture Partners, Key Venture Partners, Quick Set LLC, and Brentwood Investments.
Aquiline Technology Growth ("ATG") seeks to invest in early and growth-stage technology companies that are bringing innovation to the insurance and financial services ecosystems. ATG is managed by Aquiline Capital Partners LP, a private investment firm based in New York and London that invests across financial services and technology.
LegalMation Use of Funds
The company plans to use the funding to further enhance its platform's functionality and expand its customer base in the insurance and legal industries.
About LegalMation
LegalMation is a SaaS technology company that provides suite of generative artificial intelligence solutions to help litigation attorneys and other legal professionals practice at their highest levels. LegalMation's ground-breaking generative AI platform dynamically produces fully formatted responsive pleadings, discovery requests and responses, and other documents. The platform tailors the claims, allegations, and requests in the legal documents, incorporating jurisdictional requirements as well as the attorney's own style, and response strategy.
Funding Details
Company: LegalMation, Inc.
Raised: $15.0M
Round: Series A
Funding Month: October 2023
Lead Investors: Aquiline Capital Partners LP, Aquiline Technology Growth
Additional Investors: Motley Fool Ventures, REV Venture Partners, Key Venture Partners, Quick Set LLC, Brentwood Investments
Company Website: https://www.legalmation.com/
Software Category: AI-Powered Litigation Support Platform
Source: https://www.prnewswire.com/news-releases/legalmation-announces-15m-in-new-funding-to-drive-its-commitment-to-becoming-the-leading-ai-powered-litigation-support-platform-across-the-legaltech-and-insurtech-ecosystems-301966746.html