Fundz

Legal Software Startup Spellbook Collects $10.9M In Financing

PRIVATEMay 26, 2023

Amount Raised

$10.9 Million

Round Type

Funding Round

TorontoSoftware

Investors

Moxxie Ventures

Description

Moxxie Ventures, a San Francisco-based seed-stage venture capital firm, led the round.

Who to call at Spellbook, and when

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

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Company Information

Company

Spellbook

Location

Toronto, Ontario, Canada

About

Spellbook is a legal software company which launched the first generative AI contract drafting tool in September 2022. The technology, powered by large language models like OpenAI’s GPT-4, is optimized using legal datasets for superior contracting performance. More than 1,700 law firms and legal team customers across the industry use Spellbook to support their lawyers with the resources to make more accurate and efficient legal decisions when drafting contracts and supporting documents.

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

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Strategic

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Spellbook 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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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.