Genie AI, a pioneering legal technology firm based in London, UK, has recently secured an impressive £13.3 million in Series A funding, boosting its total funding to £15 million. This substantial investment round was led by GV, the venture capital arm of Google, and also saw participation from Khosla Ventures. The financial backing will enable Genie AI to enhance its innovative agentic legal editor, aiming to revolutionize the way legal documents are drafted and processed. Under the leadership of CEO Rafie Faruq, the company is poised for significant growth and development in the legal tech space.
At its core, Genie AI offers a comprehensive suite of tools designed to streamline legal tasks.
The Agentic Legal AI product allows users to draft, review, edit, red-line, and comment on various legal documents with remarkable efficiency. Complementing this is the Legal Editor, which excels at importing intricate Microsoft Word files, accurately structuring them, and preparing them for editing through the Agentic Legal AI. Additionally, the Legal Library serves as a vital resource, featuring a public database filled with thousands of toolkits, templates, clauses, and guidance notes that have gained extensive use among millions of legal professionals. This combination of products not only enhances productivity but also democratizes access to legal resources.
With over 100,000 companies already utilizing Genie, the platform has made a significant impact, including among 11 FTSE100 companies and 20 Global200 law firms. Notable clients also include prominent U.S. banks and two of the largest supermarket chains in the UK. Genie AI's technology has enabled the drafting of contracts across more than 120 jurisdictions, encompassing regions such as the UK, California, Texas, India, Australia, South Africa, Singapore, France, and Germany. This global reach underscores Genie AI's commitment to transforming the legal landscape, making it easier for businesses to navigate complex legal requirements and workflows with greater efficiency and confidence.
Click here for a full list of 6,481+ startup investors in the UK