About Alexi
Alexi is a company based in Toronto (Canada) founded in 2017 by Samarth Bhasin and Mark Doble.. Alexi has raised $15 million across 2 funding rounds from investors including TD Bank, Drive Capital and Draper Associates. Alexi offers products and services including Legal Research, Document Intelligence, Drafting, and Advanced Legal Reasoning. Alexi operates in a competitive market with competitors including Doctrine, Legora, ROSS Intelligence, Wexler and Bench IQ, among others.
- Headquarter Toronto, Canada
- Founders Samarth Bhasin, Mark Doble
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Sectors
Professional & Legal ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Alexi Technologies Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$15 M (USD)
in 2 rounds
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Latest Funding Round
$3.14 M (USD), Debt – Conventional
Feb 11, 2025
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Investors
TD Bank
& 2 more
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Employee Count
Employee Count
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Products & Services of Alexi
Alexi offers a comprehensive portfolio of products and services, including Legal Research, Document Intelligence, Drafting, and Advanced Legal Reasoning. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Quickly finds relevant legal resources for building cases.
Automates document review to identify evidence and risks.
Generates precise legal drafts using firm-approved templates.
Provides strategic analysis to simplify complex legal research.
Funding Insights of Alexi
Alexi has successfully raised a total of $15M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $3.14 million completed in February 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $3.1M
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First Round
First Round
(10 Jun 2024)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2025 | Amount | Debt – Conventional - Alexi | Valuation |
investors |
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| Jun, 2024 | Amount | Series A - Alexi | Valuation | Drive Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Alexi
Alexi has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include TD Bank, Drive Capital and Draper Associates. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on pre-seed and seed stage investments
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Early-stage technology companies receive venture capital investments.
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Financial services are offered through diverse subsidiaries.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Alexi
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Alexi
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Alexi Comparisons
Competitors of Alexi
Alexi operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Doctrine, Legora, ROSS Intelligence, Wexler and Bench IQ, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Legal research is powered by big data and machine learning.
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| domain | founded_year | HQ Location |
Provider of AI-powering lawyers to review and research
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| domain | founded_year | HQ Location |
Provides AI-driven legal research platforms and news on legal tech innovations.
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| domain | founded_year | HQ Location |
AI-powered legal research, review, and drafting assistance is provided.
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| domain | founded_year | HQ Location |
AI Powered legal assistant
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Alexi
Frequently Asked Questions about Alexi
When was Alexi founded?
Alexi was founded in 2017 and raised its 1st funding round 7 years after it was founded.
Where is Alexi located?
Alexi is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Alexi?
Mark Doble is the current CEO of Alexi. They have also founded this company.
Is Alexi a funded company?
Alexi is a funded company, having raised a total of $15M across 2 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Jun 10, 2024.
What does Alexi do?
Alexi was founded in 2017 in Toronto, Canada, as a provider of an AI platform focused on legal technology. Tools for automating legal tasks, analyzing documents, conducting research, drafting materials, and supporting decision-making are offered. The platform is deployed within a firms own infrastructure to maintain data isolation and ensure regulatory compliance. Operations center on enhancing efficiency in legal processes for professional services.
What products or services does Alexi offer?
Alexi offers Legal Research, Document Intelligence, Drafting, and Advanced Legal Reasoning.
Who are Alexi's investors?
Alexi has 3 investors. Key investors include TD Bank, Drive Capital, and Draper Associates.
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