British tax payers have kindly donated £585,000 ($750,000) to legal tech company Definely, via a Government-backed Innovate UK grant. The additional cash follows an earlier Series A $7m-plus fund raise in May, so they should now have a few quid to fund their goals.
The extra funding will support Definely’s focus on ‘creating new GenAI products aimed at making accessing and understanding the information within legal documents simple’.
This project aligns with Definely’s long-term goal of transforming from a product-based legal technology company to ‘an innovative digital solutions business serving a wider spectrum of users beyond the legal industry‘, the company added.
The company started in 2017 and helps lawyers with creating, drafting and proofreading documents.
Innovate UK, part of UK Research and Innovation, is the UK’s innovation agency and is funded by the public. The body helps UK businesses to grow through the development and commercialisation of new products, processes and services.
Nnamdi Emelifeonwu, CEO and Co-Founder of Definely, commented: ‘This grant from Innovate UK is a testament to our mission of simplifying the way the legal world understands information. The project will allow us to invest further in the development of leading technology innovations, with AI at the core, to create solutions that make life easier, more efficient, and more competitive for legal professionals by simplifying the process of reviewing documents. We’re grateful to Innovate UK for their confidence in our roadmap and are excited to see the plans come to fruition.’
Definely’s clients include A&O Shearman, Slaughter and May, Womble Bond Dickinson, Dentons, Eversheds Sutherland, DLA Piper, Deloitte and Barclays.
Nice to know where our taxes are going 🙂