Funding Round attributes
Genie AI, a London-based company developing artificial intelligence-powered legal tools, has raised £13.3 million in a Series A funding round. The investment was led by GV (Google Ventures) with participation from Khosla Ventures, bringing the company’s total funding to £15 million. Genie AI provides an advanced platform, known as "Agentic Legal AI," that helps users draft, review, edit, and negotiate legal documents. Additionally, the platform features a legal editor and a comprehensive public legal library with templates and toolkits.
The raised funds will support the further enhancement of Genie AI’s platform, which is already serving over 100,000 companies across more than 120 jurisdictions. The company aims to expand its capabilities, improving efficiency for businesses dealing with complex legal documents and processes.
GV’s decision to lead the funding round reflects confidence in Genie AI's potential to transform the legal tech landscape by making legal documentation more accessible and user-friendly. The company’s focus on using AI to streamline legal tasks offers a competitive edge in a sector where efficiency and accuracy are crucial.
The founder of Genie AI expressed enthusiasm about the funding, noting that it would help them continue developing their platform to better meet the needs of businesses worldwide. With AI transforming industries across the board, Genie AI is well-positioned to lead innovations in legal technology. This investment will enable the company to scale its operations, improve its technology, and serve a broader range of customers seeking more efficient legal solutions.
The funding round marks a significant milestone for Genie AI as it continues to grow and make a mark in the legal tech sector. By combining advanced AI with accessible legal tools, Genie AI aims to revolutionize how businesses handle legal documentation and compliance, simplifying processes that traditionally require significant time and resources.
