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Spellbook Secures $40M Debt Financing from RBCx to Expand Through Acquisitions in the Legal AI Market.
PRIVATEMar 04, 2026•5 months ago
Amount Raised
$40 Million
Round Type
Debt Financing
TorontoSoftware
Investors
Rb Cx
Description
Spellbook has secured $40 million in debt financing from RBCx. This financing aims to support strategic acquisitions as the legal AI market consolidates. Previously, the company raised $50 million in a Series B round. The new funding will enhance Spellbook's capabilities and market presence.
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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TorontoSoftware