KonProz raised $700K in a funding round led by Dr. Ruchi Parekh from the RDB Group to expand legal tech and the team.
May 21, 2024•over 1 year ago
Amount Raised
$700,000
Round Type
seed
New DelhiSaasArtificial IntelligenceSoftwareInvestors
Rdb GroupDr. Ruchi Parekh
Description
Generative artificial intelligence (GenAI) startup KonProz has secured $700,000 in fresh funding led by Dr. Ruchi Parekh from the RDB Group, with support from several angel investors. The funds will be utilized for advancing its innovative AI technology tailored for the legal domain, expanding its team, and scaling operations to enhance platform capabilities.
Funding Insights
Based on industry dataVC-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