UK-based legaltech startup Definely has successfully raised $30 million in Series B funding, bringing its total funding to $40 million since its launch in 2020. This significant investment will fuel Definely's global expansion, particularly in the US market, and accelerate the development of its AI-powered legal tools. The company integrates directly within Microsoft Word, offering lawyers a streamlined way to access and process legal information, significantly improving workflow efficiency.
Definely's innovative approach focuses on enhancing legal professionals' productivity through AI, with its latest product, "Enhance," already delivering a 40% speed improvement for users. The company boasts over 100 clients, including prominent law firms and in-house legal teams from major corporations. This impressive client base and rapid growth underscore Definely's market traction and the potential of its technology.
The Series B round was led by Revaia, with participation from Alumni Ventures, Beacon Capital, Clio, Octopus Ventures, Zrosk Investment Management, The Raine Group, and Cornerstone VC. This strong investor lineup reflects confidence in Definely's future and its potential to disrupt the legal tech industry. The funding will support further product development, expansion into new markets, and team growth, with plans to increase its employee count from 84 to over 100 by the second half of 2025.
