About Bench IQ
Bench IQ is a company based in Toronto (Canada) founded in 2020 by Maxim Isakov, Jimoh A Ovbiagele, and Jeffrey W Gettleman.. Bench IQ has raised $7.4 million across 2 funding rounds from investors including Canadian Imperial Bank of Commerce, Maple VC and Haystack. Bench IQ operates in a competitive market with competitors including Harvey, Doctrine, Alexi, ROSS Intelligence and Legora, among others.
- Headquarter Toronto, Canada
- Founders Maxim Isakov, Jimoh A Ovbiagele, Jeffrey W Gettleman
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Sectors
Professional & Legal Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Bench Iq Canada, 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
$7.4 M (USD)
in 2 rounds
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Latest Funding Round
$5.3 M (USD), Seed
Aug 27, 2025
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Investors
Canadian Imperial Bank of Commerce
& 12 more
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Employee Count
Employee Count
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Funding Insights of Bench IQ
Bench IQ has successfully raised a total of $7.4M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $5.3 million completed in August 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 Seed — $5.3M
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First Round
First Round
(29 Feb 2024)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2025 | Amount | Seed - Bench IQ | Valuation | Battery Ventures , Inovia Capital | |
| Feb, 2024 | Amount | Seed - Bench IQ | Valuation | Maple VC , Haystack |
| 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 Bench IQ
Bench IQ has secured backing from 13 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Canadian Imperial Bank of Commerce, Maple VC and Haystack. 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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Maple VC is focused on investing in tech startups with Canadian roots.
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Founded Year | Domain | Location | |
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Multiple-stage venture capital investments are managed by Haystack.
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Founded Year | Domain | Location | |
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Investments are made in early-stage technology companies by Inovia Capital.
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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 Bench IQ
| 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 - Bench IQ
| 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 |
Bench Iq Comparisons
Competitors of Bench IQ
Bench IQ 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 Harvey, Doctrine, Alexi, ROSS Intelligence and Legora, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-powered legal research assistance is provided to law firms.
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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 |
An AI platform for legal workflows and intelligence is provided.
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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 |
Provider of AI-powering lawyers to review and research
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| domain | founded_year | HQ Location |
AI-powered legal research, review, and drafting assistance is provided.
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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 Bench Iq
Frequently Asked Questions about Bench IQ
When was Bench IQ founded?
Bench IQ was founded in 2020 and raised its 1st funding round 4 years after it was founded.
Where is Bench IQ located?
Bench IQ is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Bench IQ?
Jimoh A Ovbiagele is the current CEO of Bench IQ. They have also founded this company.
Is Bench IQ a funded company?
Bench IQ is a funded company, having raised a total of $7.4M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.1M, raised on Feb 29, 2024.
What does Bench IQ do?
Bench IQ was established in 2020 in Toronto, Canada, within the legal technology sector. An AI-driven platform is utilized for reconnaissance in litigation. Data on judges, attorneys, and related key players is analyzed and delivered. Case outcomes are supported through evaluations of judicial patterns and behaviors. Operations focus on enabling informed strategies for legal professionals across relevant jurisdictions.
Who are the top competitors of Bench IQ?
Who are Bench IQ's investors?
Bench IQ has 13 investors. Key investors include Canadian Imperial Bank of Commerce, Maple VC, Haystack, Jason Boehmig, and Qasar Younis.