Henchman AI
About Henchman AI
Henchman AI is a company founded in 2020 by Gilles Mattelin and Wouter Van Respaille was acquired by LexisNexis in June 2024.. Henchman AI has raised $10.39 million across 4 funding rounds from investors including LexisNexis, Srslegal and Acton Capital. The company has 12 employees as of December 31, 2023. Henchman AI offers products and services including Lexis Create+ and AI Clause Assistant. Henchman AI operates in a competitive market with competitors including Box, Acquia, Conga, Automattic and M-Files, among others.
- Employees 12 as on 31 Dec, 2023
- Founders Gilles Mattelin, Wouter Van Respaille
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.39 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
LexisNexis
& 12 more
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Employee Count
12
as on Dec 31, 2023
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Acquired by
LexisNexis
(Jun 17, 2024)
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Products & Services of Henchman AI
Henchman AI offers a comprehensive portfolio of products and services, including Lexis Create+ and AI Clause Assistant. 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.
Software for centralizing clauses and streamlining legal drafting processes
Assists in enriching contract data with metadata and intelligent analysis
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Funding Insights of Henchman AI
Henchman AI has successfully raised a total of $10.39M across 4 strategic funding rounds. 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 4
- Last Round Last Round
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First Round
First Round
(05 May 2021)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series A - Henchman AI | Valuation | Srslegal |
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| Mar, 2023 | Amount | Series A - Henchman AI | Valuation | Acton Capital , Conviction | |
| Feb, 2022 | Amount | Seed - Henchman AI | Valuation | Pitchdrive |
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| 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 Henchman AI
Henchman AI has secured backing from 13 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include LexisNexis, Srslegal and Acton Capital. 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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Tech-enabled companies are invested in by Acton Capital venture firm.
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B2B SaaS companies are funded by Conviction venture capital firm.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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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 Henchman AI
| 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 - Henchman AI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Henchman Ai Comparisons
Competitors of Henchman AI
Henchman AI 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 Box, Acquia, Conga, Automattic and M-Files, 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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AI-based platform for secure collaboration and content management is utilized.
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AI powered digital experience and customer data management platform
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Contract lifecycle management is facilitated via a cloud-based platform.
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Automattic is engaged in developing web and messaging solutions.
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Documents are managed and automated for enterprise knowledge work.
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| domain | founded_year | HQ Location |
Offers cloud-based video solutions tailored for the media and entertainment industry.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Henchman Ai
Frequently Asked Questions about Henchman AI
When was Henchman AI founded?
Henchman AI was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Is Henchman AI a funded company?
Henchman AI is a funded company, having raised a total of $10.39M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2.27M, raised on May 05, 2021.
How many employees does Henchman AI have?
As of Dec 31, 2023, the latest employee count at Henchman AI is 12.
What does Henchman AI do?
Henchman AI was founded in 2020 as an AI and cloud-based platform focused on contract drafting for legal firms. Documents are classified and data is extracted through its software. Offerings include clause analytics, integration capabilities, penetration testing tools, and data fragmentation features. Real-time contract review is enabled for users, supporting operations in the legal technology sector.
Who are the top competitors of Henchman AI?
What products or services does Henchman AI offer?
Henchman AI offers Lexis Create+ and AI Clause Assistant.
Who are Henchman AI's investors?
Henchman AI has 13 investors. Key investors include LexisNexis, Srslegal, Acton Capital, Conviction VC, and Louis Jonckheere.
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