Nnamdi Emelifeonwu was all the time curious about what skilled life for his colleague Feargus Macdaeid, one of the few registered blind lawyers in Great Britain, looked like, each practiced the law at the global company Freshfields.
Asking what his life would make him easier, the answer was clear: “Help me to move the definitions in complex contracts without losing context,” said Telyfaonwu TechCrunch. He realized that MacDaeid’s request could be useful for every lawyer.
Thus, in 2017, Emelifeonw and MacDaeid joined forces to start definitely, AI technical startup, enabling lawyers to browse and edit complex contracts more trouble -free.
At the starting of this week, the company with its registered office in Great Britain announced a series B of $ 30 million from a mixture of (*30*) and North American investors, including Revaia, Alumni Ventures and Beacon Capital. It before collected a series of $ 7 million in May.
It definitely offers a performance package to improve the process of developing and a legal review. Has a project that enables lawyers to read contracts and navigate definitions and clauses without losing their place in the document; Has a vault that enables users to insert clauses with one click; It has an evidence function that uses artificial intelligence to check inconsistency and broken references, and has a PDF function that enables users to separate and analyze points from scanned legal documents.
“Looking to the future, we rely on these possibilities with the agent system of artificial intelligence, which we have recently launched the name of Enhance,” said Emelifeonw, adding that he has AI agents that operate with Microsoft Word. “These agents cooperate to perform tasks while drawing, reviewing and correction, improving work for lawyers in which they already operate.”
This time, Emelifeonw, described the process of raising funds as “tedious”.
“Near the second [word] It will be satisfying – he said.
The company met the predominant investor of this round, Revaia, through the introduction. The rest of the investors got here directly to the company. “We did not reach one investor during the B. series”
He says that fresh capital will likely be used to further expand the company to the USA, which currently constitutes 30% of the company’s revenues. He also hopes for further investing in AI space and hire more employees.
Other legal agreements working in this respect include Luminance, Robin AI and Contractpodai.
Emelifeonw, a Nigerian immigrant in Great Britain, said that he dreamed of being a lawyer since he was a child, but when he became one, he was hit by the spirit of entrepreneurship. “I have always had ideas and discovered a few, but when the right idea appeared, the one that came directly to the challenges that I experienced first hand as a lawyer, I knew that I had to continue it,” he continued.
He also understands the importance of such a large round when statistically do not have statistically black founders.
“After raising the new capital and building a truly global business, it is both a personal milestone and, I hope, a signal for others that it is possible,” he said. “I want this to inspire another wave of builders who may not come from traditional paths, but also have the potential to exert a lasting impact.”