Robin AI Secures £18.1M Investment with Temasek Backing

UK legaltech firm Robin AI secures £18.1 million in funding, as confirmed by Companies House papers via Beauhurst. The round includes participation from Temasek, the Singaporean national wealth fund known for backing prominent startups. Ming You See, director of early-stage investments at Temasek, joined Robin AI as a director in November 2023.

Robin AI, employing generative AI for contract drafting, claims to cut legal bills by up to 75%. With notable customers like Clifford Chance and Blue Earth Capital, the startup collaborates with in-house lawyers to enhance its AI model. The recent investment follows a $10.5 million Series A round in February 2023 led by Plural and Tom Blomfield.

Temasek's reduced deal count in 2023 doesn't deter its support for promising ventures. The legaltech industry, experiencing growth fueled by AI, witnesses startups like Robin AI automating legal processes. The funding aligns with Temasek's commitment to innovative European projects, diversifying its portfolio beyond the legaltech sector.

As Robin AI expands its capabilities, the legaltech market evolves, with Temasek contributing to the startup's journey. The investment signifies continued confidence in legaltech's potential to transform and streamline traditional legal processes.