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Spellbook Secures $40 Million Debt Financing from RBCx to Fuel Growth and Reach $100 Million ARR.
Oct 08, 2026
Contract Type
contract
TorontoSoftware
Description
Spellbook, an AI infrastructure leader for contract workflows, has raised $40 million in debt financing from RBCx. This financing follows their previous $50 million Series B round and supports their growth strategy as they aim to achieve $100 million in annual recurring revenue.
Company Information
Company
Spellbook
Location
Toronto, Ontario, Canada
About
Spellbook is a legal software company which launched the first generative AI contract drafting tool in September 2022. The technology, powered by large language models like OpenAI’s GPT-4, is optimized using legal datasets for superior contracting performance. More than 1,700 law firms and legal team customers across the industry use Spellbook to support their lawyers with the resources to make more accurate and efficient legal decisions when drafting contracts and supporting documents.
TorontoSoftware