Definely, a London, UK-based legaltech company focused on making legal documents easy to read, edit and understand, raised $7M in Series A funding.
The round was led by Octopus Ventures, with participation from Cornerstone VC, Zrosk Investment Ltd., and angerls Claire Hughes Johnson, Comron Sattari, Ajay Patel, and Babatunde Soyoye. Edward Keelan, partner at Octopus Ventures, joined CRE Venture Capital and Zrosk Investments on the board.
The company intends to use the funds to expand operations and development efforts.
Led by CEO Nnamdi Emelifeonwu, and CSO Feargus MacDaeid, Definely provides productivity solutions that assists lawyers at every pre-execution stage of the contract lifecycle, helping its customers draft, proof and understand legal documents quickly. The company has over 60 employees located globally and is currently focused on adding to its existing base of 40,000 active users from the largest companies and law firms in the UK, US, Canada and Australia. Definely is currently operational in Europe, North America, Africa, Australia and Asia and Customers include law firms and Fortune 500 companies including Allen & Overy (now A&O Shearman), Eversheds, DLA Piper, Deloitte, Ericsson and Barclays, among others.
FinSMEs
08/05/2024