Funding

Wordsmith Funding News – Wordsmith Secures $5M Funding from Index and General Catalyst

Jun 21, 2024 | By Team SR

Wordsmith announce $5M seed round led by Index Ventures with participation from General Catalyst, Felix, Yellow and S16vc. The legal industry is undergoing a seismic shift in how services are going to be provisioned in the future. The ability to scale legal intelligence at a speed and quality that has never been seen before.

SUMMARY

Wordsmith announce $5M seed round led by Index Ventures with participation from General Catalyst, Felix, Yellow and S16vc.
Wordsmith Founded by Robbie Falkenthal (COO), Ross McNairn (CEO), and Volodymyr Giginiak (CTO) in 2023,

While massive focus has been on platforms for professional services. There is an acute pain for in-house legal teams. Lawyers are too often viewed as a ‘necessary friction’. A risk mitigation that the business needs to accept if they want to operate like an adult. While they bring incredible value, there is little tolerance for the perception that they are slowing down the company.

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While the scope of tasks legal teams cover is broad we see incredible opportunity in building safe lawyer-in-the-loop tooling for employees to rapidly get advice. In applying that knowledge to contracts, letting the legal team set policies, control risk and get work routed to them when it's required, and self service when it's not. Giving legal oversight, control and the ability to see everything.

About Wordsmith

Founded by Robbie Falkenthal (COO), Ross McNairn (CEO), and Volodymyr Giginiak (CTO) in 2023, Wordsmith’s mission is to unlock a real appreciation for the quality and value that lawyers add, without the trade-off that comes with moving slowly or getting in the way. By building backwards from employees and making their experience delightful, meeting them in their workflows so they love using legal.