Ghent-headquartered LegalFly, a legal AI platform, has snapped €15 million in Series A funding led by Notion Capital, which recently invested in atmio, with participation from Redalpine, which invested in Infinite Roots and Proxima Fusion and Fortino Capital. This investment comes just eight months after the company’s €2 million seed round, which saw early participation from industry leaders, including Mehdi Ghissassi, Director of Product at Google Deepmind.
This investment comes at a time when several legal startups are offering AI tools to automate lawyers’ tasks. Some of these startups include Juristic, Lawhive, and Luminance.
Funds utilisation
The investment will fuel LegalFly’s ambitious growth plan, tripling its current team by year’s end and accelerating feature development. The funding will also support the company’s continued expansion across Europe and enhance its partnerships with leading law firms and enterprises, paving the way for next-generation legal services that are both effective and secure.
“The legal industry is a perfect fit for AI. We have been looking at investing in the market for sometime and in LegalFly we are very confident that they will be one of the enduring success stories,” said Jos White, General Partner at Notion Capital. “The super-talented team has a clear vision for the future and has already built a market-leading product. The true test of this is how it’s being received in the market which has been nothing short of amazing after only a year.”
“LegalFly’s rapid ascent showcases their exceptional vision and execution, solidifying their product leadership in the Legal AI space. Their unique focus on enterprise-grade security and an LLM-agnostic platform meets a critical industry need and drives their continuous expansion and innovation. Transforming legal services with secure, AI-driven solutions, we are proud to have led their seed round and witnessed their robust and sustained growth.” said Sebastian Becker, General Partner at Redalpine.
Tinder alums’ Brainchild
LegalFly was founded in 2023 by four Tinder tech veterans – Ruben Miessen, Kasper Verbeeck, Dennis Montégnies, and Gregory Vekemans. Its vision is to democratise legal services for enterprises.
The Belgian company is revolutionising legal and compliance departments with a full suite of Legal AI agents designed to automate legal services and enhance productivity. As the legal services market likely worth €884 billion turns to AI to boost efficiency and cut costs, LegalFly sets the global standard for responsible legal AI featuring unrivalled security.
Its unique approach ensures that sensitive client data never leaves a company’s premises. This is achieved through on-premise anonymisation, where a fine-tuned model secures data before it ever reaches the LLMs. Coupled with an LLM-agnostic platform that selects the best foundational models for each legal scenario, the company increases product efficacy and security.
It swiftly built momentum in the market with its advanced and intuitive legal AI solutions tailored for law firms and in-house teams, especially within the finance and insurance sectors. Now, LegalFly counts dozens of leading European law firms and enterprises as customers and has forged strategic partnerships with industry giants such as Slaughter & May and Allianz.
“LegalFly is redefining how legal services are delivered, ensuring they are more accessible within a corporate environment while upholding the highest standards of security and efficiency,” stated Ruben Miessen, CEO of LegalFly. “This investment enables us to scale our operations and innovate further, driving forward the digital transformation in legal services that our clients require globally.”
What do we think about LegalFly?
The company’s innovative approach, combining AI-driven legal services with enterprise-grade security, positions it for significant growth. The €15 million Series A funding will accelerate its European expansion and feature development, tripling its team by year’s end. With strategic partnerships and a strong market presence, LegalFly is set to become a leader in legal AI, transforming legal services globally with secure, efficient solutions.
