Legislate Raises $3.6 Million to Expand Legal Tech
Legislate, a cutting-edge provider of patented knowledge graph technology based in London, UK, has successfully raised an impressive $3.6 million in funding. This financing round was spearheaded by Parkwalk Advisors and saw participation from Oxford Capital as well as several renowned angel investors. With this influx of capital, the company is poised to enhance its offerings and expand its reach within the legal tech space. The significance of this funding cannot be understated, as it underscores the growing demand for innovative solutions that streamline legal processes and improve accessibility to legal information for businesses of all sizes.
At the helm of Legislate is Charles Brecque, the company's Founder and CEO, who passionately drives its mission forward.
Legislate utilizes advanced knowledge graph technology to create comprehensive ontologies of legal terms, enabling businesses to perform semantic searches throughout their entire database of contracts effortlessly. By converting contracts into machine-readable formats, Legislate empowers all employees within an organization to efficiently compare, create, query, and sign contracts independently, eliminating the necessity for external legal advisors. This transformative approach not only simplifies the contract lifecycle but also significantly reduces the time and costs associated with legal engagements.
In a landmark achievement, Legislate announced the acquisition of its second US patent for semantic document generation in 2022, a move that further solidifies its technological foundation and enhances its ability to serve clients. The company's primary clientele includes businesses focused on employment, consultancy, internal contracts, and terms of business agreements. While Legislate has mainly concentrated on providing solutions tailored for startups and scaleups thus far, the recent funding will enable the company to intensify its sales efforts within the UK and lay the groundwork for a broader international expansion in 2023. This strategic move is expected to position Legislate as a key player in the global legal technology arena, reflecting its commitment to innovation and customer-centric solutions.
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