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Legaltech startup Darrow secured $35 million in Series B funding led by Y Combinator to enhance its AI platform despite recent layoffs.

PRIVATEJul 07, 20263 months ago

Amount Raised

$35 Million

Round Type

Series B

New YorkArtificial IntelligenceMachine LearningLegalLegal Tech

Investors

AlephNfxEntrée CapitalY Combinator

Description

Darrow raised $35 million in a Series B funding round to support its AI platform for legal violations. Despite being profitable for three years, the company announced layoffs affecting one-third of its workforce. Investors include Y Combinator, Entrée Capital, NFX, and Aleph. The funds will help Darrow adapt to market changes and continue its growth.

Company Information

Company

Darrow

Location

New York, New York, United States

About

Darrow is an AI-powered LegalTech company founded in 2020, on a mission to fuel law firm growth and deliver justice for victims of class and mass action lawsuits. Their Justice Intelligence Platform leverages generative AI and world-class legal experts and technologists to uncover egregious violations across legal domains spanning privacy and data breach, consumer protection, securities and financial fraud, environment, and employment.

Fundz sees it the moment Darrow raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

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Predictive Intelligence
Strategic

ML-powered predictions for Darrow's next move

See what Strategic adds

Funding Insights

Based on industry data
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Darrow raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick. $29 a month, billed annually, and if it does not pay for itself in a year we refund it.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 285,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.