Fundz

Definely raised $7M in a Series A funding round led by Octopus Ventures to help lawyers easily understand legal contracts

PRIVATEMay 08, 2024

Amount Raised

$7 Million

Round Type

Series A

LondonSoftwareLegalLegal Tech

Investors

Babatunde SoyoyeAjay PatelComron SattariClaire Hughes JohnsonFlockHarbizZrosk Investment LtdCornerstone VCOctopus Ventures

Description

London-headquartered Definely, a legaltech startup, has secured $7 million in a Series A funding round, led by London-based Octopus Ventures. The investment will be used to change how the world’s top lawyers access and understand contracts, and to expand its highly-experienced technical team.

Quick answer

Definely raised $7 Million in a Series A round, dated May 8, 2024. Investors: Babatunde Soyoye, Ajay Patel, Comron Sattari, Claire Hughes Johnson, Flock, Harbiz, Zrosk Investment Ltd and Cornerstone VC. Definely is based in London, England, United Kingdom.

How much did Definely raise?
Definely raised $7 Million in a Series A round on May 8, 2024.
Who invested in Definely?
Babatunde Soyoye, Ajay Patel, Comron Sattari, Claire Hughes Johnson, Flock, Harbiz, Zrosk Investment Ltd and Cornerstone VC are named as investors in this round.
What does Definely do?
Definely is a legaltech startup with a focus on making it easier for lawyers to read, edit, and understand legal documents.
Where is Definely based and how big is it?
Definely is based in London, England, United Kingdom. Fundz records about 120 employees.
Who are the decision-makers at Definely?
Fundz holds 1 contact at Definely. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Legal and Legal Tech around the same time

Companies in the same sectors as Definely that raised within 45 days of this round, from Fundz verified event records.

  • DeepJudge raised $11M (Seed) on June 18, 2024.
  • CaseMark AI raised $1.7M (Seed) on June 4, 2024.
  • Jupus raised $1.4M (Seed) on June 3, 2024.
  • StructureFlow raised $6M (Series A) on May 30, 2024.
  • Skribe.ai raised $3.5M (Seed) on May 22, 2024.
  • Parrot AI raised $3.5M on May 21, 2024.

Who to call at Definely, and when

A new round usually means Definely is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Definely

Location

London, England, United Kingdom

About

Definely is a legaltech startup with a focus on making it easier for lawyers to read, edit, and understand legal documents. Headquartered in London, with over 60 employees located globally, the company provides technology to some of the largest legal firms in the world.

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

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Definely 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, with the decision-maker attached.

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