Legislate, a London, UK-based software platform built on patented knowledge graph technology, secured $3.6 million in funding.
The round was led by London-based Parkwalk Advisors, with participation from Oxford Capital and several high-profile angel investors.
With the new funds, it has plans to double down on UK sales and prepare for international expansion in 2023.
“We are delighted to have secured additional funding capable of helping us continue to drive innovation in this sector. The grant of our second patent last year has put our technology in an extremely strong position coming into 2023—we're making it easier for businesses of all sizes to create and manage complex contracts quickly and in a way that allows them to extract and aggregate data afterward. We’re looking forward to what we can achieve this year as we focus on our sales capability”, commented Charles Brecque, Founder and CEO of Legislate.
Legislate aims to simplify lengthy contracting processes. It reduces the time spent in creating contracts for small businesses, landlords, and letting agents by providing templates that can be altered depending on individual business needs.
In addition to this, the company was granted the second US patent for semantic document generation in 2022. Customers primarily use Legislate for employment, consultancy, internal contracts, and terms of business agreements.
Company: Legislate Technologies Limited
Raised: $3.6M
Round: Unknown
Funding Month: March 2023
Lead Investors: Parkwalk Advisors
Additional Investors: Oxford Capital
Company Website: https://legislate.ai/
Software Category: Contract Management Software
About the Company: Founded in 2020 by Charles Brecque, Legislate is a legal technology company that makes it easy for non-lawyers to safely create, manage, and search for lawyer-approved contracts. Legislate's contract management software is built on patented knowledge graph technology which makes contract data usable and searchable at scale. With its proprietary AI-based knowledge graph technology, Legislate streamlines the entire process of contract creation and aggregates data to unlock insights. The company’s technology ensures that contracts are first made machine-readable. It also allows business users to easily compare, create, query, and sign every contract without the need for outside legal involvement.
Source: https://techfundingnews.com/this-oxford-startup-secures-3-6m-to-expand-its-ai-solution-that-simplifies-contract-creation/