London Legal Tech Company Definely Raises £7 Million in Series A Funding

Definely, a legal technology company with headquarters in London, has obtained £7 million through successful fundraising efforts. The company, founded in 2020, offers AI-powered tools to aid legal professionals in handling complex paperwork and is now considering expansion into the US.

The product, accessible through a Microsoft Word plug-in, utilizes natural language processing to simplify the review and amendment of legal documents, addressing the challenges of cross-referencing scattered wording and terms across contracts. This innovative solution was founded by Nnamdi Emelifeonwu and Feargus MacDaeid, both with experience in law and computer science.

Definely successfully raised the £7 million in Series A funding, with Octopus Ventures leading the investment round, along with Cornerstone Ventures and Zrosk Investment. The cash injection will be directed towards further research and development, as well as expanding sales and growing its workforce to meet the company's objective of broadening operations in the US.

The funding round has bolstered Definely's position in the legal tech industry, as they continue to innovate and provide valuable AI solutions to law offices on both sides of the Atlantic. With their sights set on US expansion, the company is poised for continued growth in the coming year, bolstered by a dedicated workforce and ongoing technological advancements.