Leading legal AI platform LegalFly has secured approximately €15 million in a Series A funding round.
The round was led by Notion Capital, with participation from redalpine and Fortino Capital.
The funding will support LegalFly’s aggressive expansion goals, which include expediting feature development and increasing the company’s present workforce by year’s end. The money will also help LegalFly maintain its growth throughout Europe and strengthen its alliances with top businesses and law firms, opening the door for next-generation legal services that are safe and efficient.
With its comprehensive line of legal AI agents, which automate legal services and boost efficiency, LegalFly is transforming legal and compliance departments. The €884 billion legal services industry is turning to artificial intelligence (AI) to increase productivity and reduce expenses. LegalFly is leading the way in safe legal AI with industry-leading security.
Additionally, LegalFly aims to enhance human efficiency, not replace it. Automating legal services saves legal teams significant time, reduces reliance on external lawyers, and democratizes legal knowledge, giving everyone in the organization instant access to high-quality legal services. This streamlines processes reduces costs, and mitigates the risks of uninformed business decisions.
LegalFly’s methodical approach guarantees that confidential client information is never lost from a business’s location. Through on-premise anonymization, data is secured before it ever reaches the LLMs, thanks to a well-tuned model. LegalFly boosts product efficacy and security when used with an LLM-agnostic platform that chooses the optimal foundational models for any legal issue.
According to LegalFly CEO Ruben Miessen,
“LegalFly is revolutionizing the delivery of legal services, making them more accessible in a corporate setting while maintaining the highest levels of security and efficiency.” With this investment, we can expand our operations and innovate even more, advancing the global legal services digital transformation that our clients demand.”
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Only eight months have passed since the company’s €2 million seed round, headed by redalpine, in which prominent figures from the sector, such as Mehdi Ghissassi, Director of Product at Google Deepmind, participated early on.
A group of former Tinder product specialists, including Ruben Miessen, Kasper Verbeeck, Dennis Montégnies, and Gregory Vekemans, formed LegalFly in 2023 to democratize legal services for businesses. The company has quickly gained traction with its sophisticated and user-friendly legal AI solutions designed for law firms and internal teams, especially in the banking and insurance industries. LegalFly serves dozens of top European law firms and businesses as a client and has established strategic alliances with major players in the market, including Slaughter & May and Allianz.
Jos White, General Partner at Notion Capital, stated:
“AI perfectly fits the legal sector. We have been considering investing in the market for some time, and we are very confident that LegalFly will be one of the most enduring success stories. The incredibly skilled group has already created a product that leads the market and has a clear vision for the future. The real litmus test for this is how the market reacts to it, which has been phenomenal in just a year.”
Sebastian Becker, General Partner at redalpine, continued:
“LegalFly’s quick rise demonstrates their outstanding strategy and execution, reaffirming their position as the industry leader in legal AI products. In addition to satisfying a crucial industry need, their singular emphasis on enterprise-grade security and an LLM-agnostic platform fuels their ongoing growth and innovation. Moreover, we are proud to have led their seed round and to witness their robust and sustained growth. Transforming legal services with secure, AI-driven solutions.”