About LegalFly
LegalFly is a company based in Ghent (Belgium) founded in 2023 by Gregory Vekemans, Dennis Montegnies, Kasper Verbeeck De Wael, and Ruben Miessen.. LegalFly has raised $18.54 million across 2 funding rounds from investors including Redalpine, Mehdi Ghissassi and Notion Capital. LegalFly offers products and services including Review Tool, Draft Tool, Discovery Tool, Anonymisation Tool, and Custom Agents. LegalFly operates in a competitive market with competitors including Casetext, Eve, Paxton, Anytime AI and Jhana, among others.
- Headquarter Ghent, Belgium
- Founders Gregory Vekemans, Dennis Montegnies, Kasper Verbeeck De Wael, Ruben Miessen
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Sectors
Professional & Legal Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Legalfly B.V.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$18.54 M (USD)
in 2 rounds
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Latest Funding Round
$16.35 M (USD), Series A
Jul 15, 2024
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Investors
Redalpine
& 3 more
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Employee Count
Employee Count
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Products & Services of LegalFly
LegalFly offers a comprehensive portfolio of products and services, including Review Tool, Draft Tool, Discovery Tool, Anonymisation Tool, and Custom Agents. 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.
Analyzes contracts for compliance and risks to streamline legal processes.
Generates documents based on templates for efficient legal drafting.
Enables quick selection and analysis of legal documents for queries.
Anonymises sensitive information to ensure privacy in processing.
Creates tailored AI agents for specific organisational workflows.
Integrates AI capabilities directly into Microsoft Word for ease.
Funding Insights of LegalFly
LegalFly has successfully raised a total of $18.54M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $16.35 million completed in July 2024. 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 Series A — $16.4M
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First Round
First Round
(28 Nov 2023)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series A - LegalFly | Valuation | Notion | |
| Nov, 2023 | Amount | Seed - LegalFly | Valuation | Redalpine , Mehdi Ghissassi |
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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 LegalFly
LegalFly has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Redalpine, Mehdi Ghissassi and Notion 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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Early-stage investments are directed toward ICT and health tech startups.
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Founded Year | Domain | Location | |
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Venture capital investment in European business software companies, focusing on early-stage opportunities in London.
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Founded Year | Domain | Location | |
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Fortino Capital is focused on supporting B2B software businesses.
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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 LegalFly
| 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 - LegalFly
| 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 |
Legalfly Comparisons
Competitors of LegalFly
LegalFly 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 Casetext, Eve, Paxton, Anytime AI and Jhana, 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-driven legal research platform for attorneys is operated.
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| domain | founded_year | HQ Location |
Eve is developed as a legal AI for plaintiff firms, assisting with case management.
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| domain | founded_year | HQ Location |
Generative AI solutions are offered for legal research and drafting.
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| domain | founded_year | HQ Location |
AI based legal assistant for law firms
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| domain | founded_year | HQ Location |
Online platform providing AI-powered legal research and drafting tool
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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 Legalfly
Frequently Asked Questions about LegalFly
When was LegalFly founded?
LegalFly was founded in 2023.
Where is LegalFly located?
LegalFly is headquartered in Ghent, Belgium. It is registered at Ghent, East Flanders, Belgium.
Who is the current CEO of LegalFly?
Ruben Miessen is the current CEO of LegalFly. They have also founded this company.
Is LegalFly a funded company?
LegalFly is a funded company, having raised a total of $18.54M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.19M, raised on Nov 28, 2023.
What does LegalFly do?
LegalFly was founded in 2023 in Ghent, Belgium, and operates within the legal technology sector. AI-driven tools are provided for legal teams, encompassing litigation assistance, contract review, drafting, and anonymization. Risks in contracts are identified, compliance with legal standards is ensured, clauses are redrafted based on risks, and contracts are generated from initial templates. The platform supports efficient management of legal workflows.
Who are the top competitors of LegalFly?
What products or services does LegalFly offer?
LegalFly offers Review Tool, Draft Tool, Discovery Tool, Anonymisation Tool, and 2 more products and services.
Who are LegalFly's investors?
LegalFly has 4 investors. Key investors include Redalpine, Mehdi Ghissassi, Notion Capital, and Fortino Capital.
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