Fundz

Parachute raises $1.8 million in a pre-seed round led by Rampersand's Andrew Poesaste to build an AI-powered legal operating system for SME law firms.

PRIVATEFeb 17, 2026

Amount Raised

A$1.8 Million

Round Type

Pre-Seed

SoftwareArtificial IntelligenceLegalLegal Tech

Investors

Rampersand

Description

Parachute has successfully raised $1.8 million in a pre-seed funding round. The investment was led by Andrew Poesaste of Rampersand. Parachute aims to develop an AI-powered legal operating system for small- and medium-sized law firms. The company seeks to address the legal tech gap that many Australian law firms face.

Quick answer

Parachute raised A$1.8 Million in a Pre-Seed round, dated February 17, 2026. Investors: Rampersand.

How much did Parachute raise?
Parachute raised A$1.8 Million in a Pre-Seed round on February 17, 2026.
Who invested in Parachute?
Rampersand is named as investors in this round.
What does Parachute do?
Parachute is a legal AI platform aimed at addressing the needs of small- and medium-sized law firms.

Source: Fundz verified event record.

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

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

  • MiAI Law raised $1.5M on March 20, 2026.
  • Avvoka raised $19M (Funding Round) on March 10, 2026.
  • Advocacy raised $3.5M (Seed) on March 9, 2026.
  • DeepIP raised $25M (Series B) on March 3, 2026.
  • Inhouse raised $5M (Seed) on February 25, 2026.
  • Checkbox raised $23M (Series A) on January 28, 2026.

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Company Information

Company

Parachute

About

Parachute is a legal AI platform aimed at addressing the needs of small- and medium-sized law firms. Founded by Ryan Zahrai, who previously ran his own legal practice, the company seeks to offer tailored solutions that larger competitors overlook. The platform focuses on providing accessible legal technology to enhance operational efficiency for these firms.

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Parachute 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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