Legaltech Startup LegalFly secures €2 million in seed funding. The round was led by Redalpine, with Mehdi Ghissassi, Director of Product at Google DeepMind, contributing and underscoring the AI industry’s confidence in LegalFly’s mission.
LegalFly is an artificial intelligence copilot tailored for legal teams, merging cutting-edge technology with exclusive legal data pooled from key partnerships.
One of its standout features is the stringent anonymisation of all legal documents, ensuring unparalleled data security for on-premise use. This makes LegalFly not just a tool, but a game-changer for law firms seeking to boost their legal efficiency in litigation, contractreview, and drafting.
The seed investment comes at a crucial time as the company accelerates its growth to meet the overwhelming demand, evident by the extensive waiting list of over 100 law firms and corporations eager to access LegalFly’s AI solutions.
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Sebastian Becker, General Partner at Redalpine and newly appointed board member, said: “The exceptional technical team at LegalFly has created a standout product leading to exceptional usage among its customers. This, combined with their highly effective go-to-market strategy, makes LegalFly perfectly positioned to lead the way in the fast-moving legal sector.”
CEO Ruben Miessen speaks to the core of the company’s mission: “Our goal is to supercharge legal teams across law firms and corporate counsels, enhancing every aspect of their professional journey with our AI-driven Copilot. Our product-first mindset, refined through our experiences at Tinder and Match Group, drives us to create solutions that precisely meet user needs.”
This seed funding will enable us to build and ship solutions faster, expand its business operations to the U.S., and bring its transformative product to the many lawfirms waiting to experience the next level of legal practice.
In early 2023, four seasoned Tinder IT professionals started LegalFly. At LegalFly, they have a very clear vision: to bring about a paradigm shift in the legal industry through offering lawyers with never-before-seen time and cost reductions.
Their flagship Legal AI product is a powerful tool that has been painstakingly created to enhance and enhance the many aspects of a legal professional’s workflow, from discovery and litigation processes to contract evaluations and drafting.