Definely Secures $7M Funding to Transform Legal Workflows
Unlocking the Future of Legal Documentation: In an era where efficiency is paramount, Definely, a pioneering legaltech company based in London, UK, is revolutionizing how legal documents are created and understood. The company recently secured an impressive $7M in Series A funding, a significant step that underscores its potential to redefine productivity within the legal sector. Led by Octopus Ventures, this funding round also saw contributions from notable investors including Cornerstone VC, Zrosk Investment Ltd., and angel investors such as Claire Hughes Johnson, Comron Sattari, Ajay Patel, and Babatunde Soyoye.
Under the expert leadership of CEO Nnamdi Emelifeonwu and CSO Feargus MacDaeid, Definely is dedicated to enhancing legal workflows for lawyers at every pre-execution stage of the contract lifecycle.
The platform empowers professionals to draft, proof, and comprehend legal documents with unprecedented speed and clarity. With a global team of over 60 employees and a rapidly growing user base of 40,000 active clients across major law firms and corporations in the UK, US, Canada, and Australia, Definely is poised for remarkable growth as it utilizes its recent funding to expand operations and development efforts.
Definely's reach extends far beyond its London roots, with operations spanning Europe, North America, Africa, Australia, and Asia. The company's client roster boasts prestigious names including Allen & Overy (now A&O Shearman), Eversheds, DLA Piper, Deloitte, Ericsson, and Barclays, highlighting its reputation as a trusted partner for both law firms and Fortune 500 companies. As investors continue to recognize the value of innovation in the legal industry, Definely stands at the forefront, poised to capture a significant share of the market as it fosters a new standard for legal documentation processes.
Key Terms Explained
- Legaltech
- This refers to the use of technology and software to provide legal services. Legaltech companies such as Definely aim to improve efficiency and productivity in the creation and interpretation of legal documents.
- $7M in Series A funding
- This refers to the amount of investment that Definely has received in its Series A funding round. Series A funding is a company's first significant round of venture capital financing.
- Octopus Ventures
- This is a venture capital firm that led the Series A funding round for Definely. Venture capital firms provide funding to startups perceived to have high growth potential in exchange for an equity stake.
Frequently Asked Questions
- What is the funding amount that Definely secured in its Series A round?-Definely secured $7M in Series A funding.
- Who led the funding round for Definely and which other investors contributed?+
- What is the mission of Definely and how does it plan to use the investment?+
- Who are the key executive leaders of Definely and what are its operational statistics?+
- Who are some of the significant clients of Definely?+
They've invested in Definely
Get to know these Legaltech investors
| # | Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|---|
1 |  Octopus Ventures | 39 investment(s) investment(s) | 30 contacts contacts | |||
2 |  Cornerstone VC | 7 investment(s) investment(s) | more info | |||
3 |  Zrosk Investment Ltd. | 2 investment(s) investment(s) | more info | |||
4 |  CRE Venture Capital | 1 investment(s) investment(s) | more info | |||
5 |  Zrosk Investments | 1 investment(s) investment(s) | more info |
Click here for a full list of 6,908+ startup investors in the UK