Legal tech start-up, previously associated with Freshfields lawyers, secures $30 million in funding round for AI advancements.
Unleashing Legal Tech with $30m: The Definitely Revolution
Gearing up to disrupt the legal world, Definitely — an AI-powered powerhouse — has raked in a whopping $30m in Series B funding. This cash inflow speaks volumes about its ambitious expansion plans and AI product roadmap. The funding round was spearheaded by growth investor Revaia, accompanied by other bigwigs like Alumni Ventures, Beacon Capital, and legal tech heavyweight Clio[1][2][4].
The Definitely Success Story
Step into the shoes of Nnamdi Emelifeonwu and Feargus MacDaeid, former Freshfields associates who birthed Definitely in 2020. Their mission? To simplify legal documents for the visually impaired, with MacDaeid's blindness serving as the driving force [2]. What followed was Definitely, which caters to lawyers under the pump, handling intricate, high-stakes deals with ease.
Definitely offers a one-stop-shop for lawyers to create, review, and draft legal documents efficiently, all within one platform, eliminating the need for separate systems [1]. The company boasts an impressive clientele, including London powerhouses like A&O, Shearman, Slaughter and May, DLA Piper, Dentons, and corporate in-house counsel for biggies like BT Group, Deloitte, and P&O Cruises [3].
The US market is a significant growth driver for Definitely, accounting for 30% of its annual revenue [3]. The latest funding round brings Definitely's total revenue to a well-deserved $40m [4].
Future Endeavors for Definitely
Emelifeonwu, Definitely's visionary co-founder, has expressed a commitment to building products that prioritize humans over technology for actual problem-solving. "As a former lawyer myself, I witnessed some of these problems first-hand," he asserted [4].
Definitely plans to evolve its AI technology from assistive to autonomous legal workflows, enabling the tech to understand intent, make decisions, and complete complex tasks with minimal human intervention. This strategic shift aligns with Definitely's vision of revolutionizing AI-powered legal technology [4].
The team behind Definitely is growing — expect an expansion to over 100 employees by the second half of 2025. The team is brimming with diversity, mirroring Definitely's commitment to representation [2][4].
With a fresh wave of investments, Definitely is gearing up for a long-term revolution in the legal tech sector, striving to reach new heights with advanced AI capabilities and global expansion [4]. Keep an eye on this game-changer!
Extra Bits: Did You Know?
- Two's a Pair, Three's a Crowd: Harry Maguire and Reece James recently led Lawhive, a UK legal tech startup's, $40m Series A funding [5]. Back in April 2024, Luminance, another AI company, secured $40m in Series B funding [6].
- Diversity is Key: Definitely currently employs 84 individuals, with 34.1% of them being ethnically diverse [2][4]. The company stakeholds diversity as a core value.
- Latest Innovations: Definitely integrates seamlessly with Microsoft Word, empowering lawyers to locate, draft, and proof documents. The company has recently unveiled an agentic AI system and a product called Enhance, which promises to boost workflow speed by up to 40% compared to conventional methods [1][3].
- Customer Base: Definitely serves over 100 in-house legal teams and private practice firms, including prestigious players like A&O, Slaughter and May, DLA Piper, and Dentons, and in-house corporate counsel for companies like BT Group and Deloitte [3].
Definitely, fueled by its recent $30m Series B funding, is poised to revolutionize the legal tech sector by evolving its AI technology for autonomous legal workflows, focusing on understanding intent, making decisions, and completing complex tasks with minimal human intervention [4]. This funding round also boosts Definitely's total revenue to $40m [4].
Meanwhile, in the finance sector, two prominent figures, Harry Maguire and Reece James, led Lawhive, a UK legal tech startup, in securing a $40m Series A funding round [5]. These investments highlight the growing importance of technology in both finance and business, particularly in the legal sector.
