LegalOn Technologies, a Tokyo and San Francisco-headquartered legal tech startup, secured $50 million in Series E funding. Growth Equity at Goldman Sachs Alternatives led the round, with participation from existing investor World Innovation Lab (WiL). New investors included Mori Hamada & Matsumoto, Mizuho Bank, and Shoko Chukin Bank.
This latest round brings LegalOn's total funding to $200 million since its 2017 inception. The company develops AI contract review software for AI legal workflow. This funding will scale its agentic AI product development and enhance go-to-market efforts.
Driving AI Innovation in Legal Tech
The capital will accelerate LegalOn's business in the U.S. and U.K., where its operations quadrupled over the past year. LegalOn serves over 7,000 organizations across Japan, the U.S., and the U.K. The company leads the Japanese market, supporting 25% of public companies.
Its AI contract review tool, Review, identifies risks and suggests edits based on attorney-built playbooks. This system cuts review time by up to 85% while improving quality. LegalOn recently launched Matter Management, a tool for tracking contract requests and improving collaboration.
The company is expanding beyond contract review to launch AI agents supporting legal teams by 2025. A non-equity tech partnership with OpenAI provides access to advanced models. This accelerates product development for artificial intelligence in legal applications.
The legal tech sector continues to attract significant investment. For example, Harvey AI secured $300 million in Series E funding in June, and Clio raised $300 million last year. LegalOn's focus remains on enhancing legal workflows, empowering professionals with advanced contract management tools.
