UK legal tech startup Definely has raised $30 million in Series B funding, bringing its total raised to $40 million.
The announcement comes amid plans to hire a US-based general manager and expand more aggressively in the US, which already accounts for 30% of revenue.
Definely, the London-headquartered legal tech startup, has completed a $30 million Series B funding round, bringing its total funding to $40 million since launching in 2020.
The round was led by Paris-based growth investor Revaia. Other participants include new investors Alumni Ventures, Beacon Capital and Canadian legal tech heavyweight Clio as well as early backers Octopus Ventures and The Raine Group.
Product offering
Definely was founded by two ex-Freshfields banking lawyers, Nnamdi Emelifeonwu and Feargus MacDaeid, with a mission to solve the accessibility challenges lawyers face when dealing with large amounts of information.
The pair drew inspiration from MacDaeid’s personal experience as a registered blind lawyer, having been diagnosed with a degenerative eye condition at age 11.
Last month, Definely entered the increasingly competitive AI agent space with the launch of ‘Enhance’. The tool uses a team of specialised AI agents, each trained for tasks like clause analysis and summarisation, to work together within Microsoft Word to streamline the contract review process. The tool can cut workflow time by up to 70%, according to the company.
Recent expansion
Definely’s growth has been swift, nearly tripling its annual recurring revenue (ARR) in 2024.
The company’s tools are now used by over 100 law firms and in-house legal teams, including A&O Shearman, Slaughter and May, DLA Piper and Dentons, as well as BT Group, Deloitte and P&O Cruises.
The funding will support Definely’s global expansion, with particular focus on the US market, which now accounts for 30% of its revenue. The company says it's making key hires, including a US-based general manager, and expanding its team on the East Coast.
Definely's raise comes on the heels of a recent mini-boom of investor interest in European legal tech and AI. Wordsmith AI announced a $25 million Series A round just last week, Sweden-based Legora unveiled a $80 million Series B funding last month, while Berlin-based Flank announced its own $10 million round also last week.
What they said
Emelifeonwu, Co-Founder & CEO of Definely, said: "This latest investment round is a testament to the hard work of our incredible team and the trust our customers have placed in us. We’re committed to building human-first products that solve real, tangible problems for lawyers. This funding will enable us to expand our product offerings and continue supporting our customers as we grow into new markets".
Morgan Kessous, Partner at Revaia, added: "We’re excited to support Definely as they continue to lead the charge in AI-powered legal technology. With their strong product traction and clear vision for the future, we’re confident they will continue to set the standard in the legal AI space".
For more on Definely's story, listen to our conversation with co-founder (and also former Freshfields lawyer) Nnamdi Emelifeonwu on The Non-Billable Podcast.
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