Legal Tech Startup Wordsmith Raises $5M in Seed Funding
Wordsmith, which offers a generative AI-powered legal assistant targeted to in-house legal teams, is at least the third legal tech startup to announce seed funding this month.
June 24, 2024 at 02:09 PM
2 minute read
Investments and Investment Advisory
Legal tech startup Wordsmith announced that it raised $5 million in a seed funding round led by venture capital firm Index Ventures and including participation from General Catalyst, among others, on Thursday.
In the legal tech space, Index Ventures has previously led a funding round for generative AI-powered contract drafting, knowledge and collaboration platform Draftwise, while General Catalyst previously backed now-defunct hybrid law firm and software company Atrium.
Scotland-based Wordsmith was founded in 2023 by a former Instagram engineer and the former chief technology officer and former VP of travel technology platform TravelPerk. The startup offers a generative AI-powered legal assistant, targeted to in-house legal teams, that can automate legal response drafting and contract analysis and markup, among other functions.
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