Wordsmith raises $5m in a seed funding round led by Index Ventures, with participation from General Catalyst and angel investors to accelerate hiring and launch core product

Jun 20, 2024•over 1 year ago

Amount Raised

$5 Million

Round Type

seed

EdinburghLegalArtificial IntelligenceSoftware

Investors

Angel InvestorsGeneral CatalystIndex Ventures

Description

Edinburgh based artificial intelligence-powered legal assistance platform, Wordsmith, has raised $5m in a seed funding round led by Index Ventures. The company plans to use the capital to accelerate hiring in Scotland and the US, as well as launch its core product to the wider market.

Company Information

Company

Wordsmith

Location

Edinburgh, Scotland, United Kingdom

About

Wordsmith AI provides legal automation tools specifically designed for in-house legal departments. The platform enables procurement, sales, and finance teams to access instant legal support for drafting contracts, completing compliance questionnaires, and answering legal queries - without bypassing legal review. Legal teams can create and manage custom playbooks, templates, and knowledge bases, ensuring all outputs are accurate and compliant. Wordsmith integrates seamlessly with Slack, Notion, Confluence, Zapier, Sharepoint and email, and features robust security and privacy controls so legal teams can scale support across the business without compromising quality or control.

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Funding Insights

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