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Magnar raises $8M in a Series A funding round led by 6 Degrees Capital and Hi Ventures to expand its AI platform for legal services in Latin America.

PRIVATESep 09, 2026•about 2 hours ago

Amount Raised

$8 Million

Round Type

Series A

SoftwareArtificial IntelligenceMachine LearningLegalLegal Tech

Investors

CareyBeccar VarelaNascent VenturesPlatanus VenturesFen VenturesHi Ventures6 Degrees Capital

Description

Magnar has successfully raised $8 million in a Series A funding round. The company aims to use the capital to scale its development team and enhance its tools for legal research and document drafting. A significant portion of the funds will facilitate the company's expansion into Brazil and Mexico. Founded in 2025, Magnar currently serves 30,000 users and 350 law firms in multiple Latin American countries.

Company Information

Company

Magnar

About

Magnar is an artificial intelligence platform provider for lawyers in Latin America. The company offers tools for legal research, document drafting, and analysis integrated with Microsoft Word and Outlook. It currently supports 30,000 users and 350 law firms across multiple countries. Founded in 2025, Magnar automates routine legal tasks to enable lawyers to focus on higher-level decision-making.

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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

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