On May 8, 2024, the London, UK-based AI legal tech startupDefinelyannounced it successfully raised $7 million in Series A funding. The round was led by Octopus Ventures, with participation from Cornerstone VC and Zrosk Investment Ltd, along with well-known angel investors Claire Hughes Johnson, Comron Sattari, Ajay Patel, and Babatunde Soyoye joining the investor list. Octopus Ventures partner Edward Keelan joined Definely's board of directors.
The company plans to use the raised funds to expand its client and law firm client base and grow its technical team.
Founded in 2020 by Feargus MacDaeid and Nnamdi Emelifeonwu, Definely is an AI legal tech company aimed at making legal documents easier to read, edit, and understand. Definely is offered as a Microsoft Word add-in, making it easy to adopt and quickly roll out across legal teams. Definely's software is available by subscription, assisting lawyers at every pre-execution stage of the contract lifecycle, helping clients quickly draft, review, and understand legal documents.
(Source:Tech.eu）