Legal Tech Startup Spellbook Raises $10.9 Million, With Thomson Reuters Investing
Previously called Rally Legal, Spellbook offers a generative AI-powered contract tool of the same name. As the company looks to scale, it hinted at a broader partnership with Thomson Reuters in the future.
May 25, 2023 at 02:00 PM
3 minute read
On Wednesday, legal tech startup Rally Legal announced it has rebranded to Spellbook and secured a $10.9 million funding round, led by investment firm Moxxie Ventures and including Thomson Reuters and The Legaltech Fund, among others.
Spellbook is also the name of the generative AI-powered contract drafting and negotiation platform that Rally launched in 2022.
A press release announcing the rebranding and funding noted that Rally's broader product suite, which includes workflow automation and document generation offerings, will "be combined with Spellbook's AI to create a holistic, AI-driven legal management platform."
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