Legal Tech Startup: LexCheck

Spotlight on: LexCheck

Description
Developer of an artificial intelligence-powered contract analytics software designed to assist in legal ambiguity detection and find potential drafting errors. The company's contract acceleration and intelligence platform streamlines negotiations by delivering redlines and issues lists in minutes while ensuring consistency across each contract reviewed and saving time and reducing risk, enabling law firms to automatically detect semantic and syntactic ambiguities in legal documents.

Most Recent Financing Status (As of October 2023)

The company raised $17 million through a combination of Series A, and Series A1 venture funding in a deal led by Mayfield Fund on September 29, 2022, putting the company's pre-money valuation at $35 million. Wormhole Capital, Bigfoot Capital, GTMFund, Kli Capital, Ulu Ventures, Mana Ventures and Howard Morgan also participated in the round.

Founder and Chairman: Gurinder Sangha JD, [email protected], +1 (646) 776-0873

HQ Location: 15 Maiden Lane Suite 900 New York, NY 10038

Employees: 32 (as of December 2022)

Total Raised: $22.00M (as of Sep 2022)

Institutional Investor:

• Bigfoot Capital
• GTMFund
• Howard Morgan
• Kli Captial
• Mana Ventures
• Mayfield Fund
• Ulu Ventures
• Wormhole Capital

To learn more about LexCheck, visit their website or follow them on LinkedIn.

Source: Pitchbook, February 2024