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Legalmation Announces $15M In New Funding To Drive Its Commitment To Becoming The Leading Ai-Powered Litigation Support Platform Across The Legaltech And Insurtech Ecosystems

Oct 25, 2023about 2 years ago

Amount Raised

$15 Million

Los AngelesLegal TechNatural Language ProcessingLegalMachine LearningSaasArtificial IntelligenceSoftware

Investors

Brentwood InvestmentsQuick Set LlcKey Venture PartnersRev Venture PartnersMotley Fool VenturesAquiline Technology GrowthAquiline Capital Partners Lp

Description

LegalMation, Inc., the market leader in Generative AI-driven solutions for high-volume litigation, today announced it has raised a $15 million Series A financing round led by the venture capital team at Aquiline Capital Partners LP, Aquiline Technology Growth ("Aquiline"), with continued participation from existing investors Motley Fool Ventures, REV Venture Partners, Key Venture Partners, Quick Set LLC, and Brentwood Investments.

Company Information

Company

LegalMation

Location

Los Angeles, California, United States

About

LegalMation is a SaaS technology company led by a group of experienced litigators and technology specialists, dedicated to revolutionizing the practice of law through artificial intelligence aimed at legal departments of large corporates, insurance carriers, and law firms. LegalMation's ground-breaking generative AI platform dynamically produces fully formatted responsive pleadings, discovery requests and responses and other documents. The platform tailors the claims, allegations, and requests in the legal documents, incorporating jurisdictional requirements as well as the attorney's own style, and response strategy. For more information, visit https://www.legalmation.com.

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Funding Insights

Based on industry data
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