Definely raises $30m in Series B funding round – UKTN

AI-powered legal tech company, Definely, has raised $30m (£22m) in Series B funding to accelerate its global expansion and AI product roadmap.

The round includes investors from Europe and North America, and it is led by growth investor Revaia, alongside Alumni Ventures, Beacon Capital, and legal tech giant, Clio.

Early investors, including Octopus Ventures, Zrosk Investment Management, The Raine Group, and Cornerstone VC have also participated in the round.

Launched in 2020 by Nnamdi Emelifeonwu and Feargus MacDaeid – who worked together at Freshfields – Definely was born from lived experience, including that of co-founder MacDaeid, who is registered blind after being diagnosed with a degenerative eye condition at age 11.

Definely almost tripled its ARR in 2024, and is now used by over 100 in-house legal teams and private practice firms.

Its customers include top Magic Circle and White Shoe firms, including A&O Shearman, Slaughter and May, DLA Piper, and Dentons, and in-house corporate counsel for blue-chip companies such as BT Group, Deloitte, and P&O Cruises.

Definely has gained strong traction in the US market, which now accounts for 30% of its revenue.

The latest fundraise will support further expansion, with key employees moving to the East Coast and where Definely has recently appointed a US-based General Manager.

The funding will also be used to further develop new and existing products. This funding round follows Definely’s recent launch of its multi-agent AI system, Enhance.

Definely is built for lawyers working under pressure on complex, high-stakes deals. The platform integrates within Microsoft Word, and allows lawyers to retain contextual understanding of legal documents by instantly surfacing relevant information within, and across, contracts.

Nnamdi Emelifeonwu, co-founder and chief executive of Definely, said: “This latest investment round is a testament to the hard work of an incredible team and the trust our customers have placed in us.

“As a business, we are deeply committed to building human-first products, leveraging generative AI not for the sake of it – but to solve real and tangible problems that lawyers face today. As a former lawyer myself, I witnessed some of these problems first-hand.

“As a business, we have remained highly capital efficient, prioritising sustainable growth rather than growth at all costs. I believe this approach, combined with our world-class team and products, will allow us to succeed as we expand into new markets.”

This additional funding brings the total amount raised by Definely since inception to $40m (£30m).

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