Lawhive, a London, UK-based legaltech startup, raised $40M in Series A funding.
The round was led by GV (Google Ventures) and TQ Ventures, with participation from Balderton Capital, Jigsaw, Episode 1 and Premier League footballers Harry Maguire and Reece James.
The company intends to use the funds to accelerate its US expansion, using AI to make legal services more accessible and affordable.
Founded in 2019 by co-founders Pierre Proner (CEO), Jaime Van Oers (CTO) and Flinn Dolman, Lawhive offers an AI-powered platform for lawyers, providing them with tools covering workflow management, compliance and payments. Lawyers can work with their own clients or be matched with consumers and small businesses through the Lawhive marketplace. By using AI to handle many aspects of legal work, the platform enables huge time-savings for lawyers and major cost and efficiency benefits for their clients.
At the core of Lawhive’s platform is Lawrence, an AI lawyer that automates routine legal tasks. In tests, Lawrence has matched the performance of human lawyers and passed part one of the Solicitors Qualifying Examination (SQE).
FinSMEs
05/12/2024