When SeedLegals launched in 2017 in the UK, I’d say many of us thought “why has that not been done before?”. After all, two things have happened which make this an obvious idea for a startup: startup funding rounds are now so common that there is no reason large amounts of automation could be done. If you can buy a divorce online, surely you can organise funding rounds?
The second trend is the sheer level of automation happening in legal software today. After all, we now have “Uber for Lawyers” (Lexoo, Linkilaw, Lawbite) and AI-driven legaltech (KIRA, Luminance, ThoughtRiver). (Eventually, we will have blockchain smart contracts do ALL the work, but that’s for another time…).
So it’s not unsurprising that today SeedLegals announces it has closed a $4 million Series A led by venture capital firm Index Ventures (London/SF/etc) with participation from Kima Ventures (Paris/TelAviv), The Family (Paris) … Read the rest