About Spellbook
Spellbook is a company based in Toronto (Canada) founded in 2018 by Matt Mayers, Scott Stevenson, and Daniel Maria. It operates as a SaaS (Software-as-a-Service). Spellbook has raised $84.8 million across 4 funding rounds from investors including Thomson Reuters, Inovia Capital and Thomson Reuters Ventures. Spellbook offers products and services including Spellbook AI Suite and Spellbook Associate. Spellbook operates in a competitive market with competitors including Box, Acquia, Conga, Automattic and M-Files, among others.
- Headquarter Toronto, Canada
- Founders Matt Mayers, Scott Stevenson, Daniel Maria
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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
$84.8 M (USD)
in 4 rounds
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Latest Funding Round
$40 M (USD), Debt – Conventional
Mar 04, 2026
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Investors
Thomson Reuters
& 12 more
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Employee Count
Employee Count
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Products & Services of Spellbook
Spellbook offers a comprehensive portfolio of products and services, including Spellbook AI Suite and Spellbook Associate. 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.
AI tools are provided for contract drafting and review.
Multi-document workflows are supported by this AI agent.
Unlock access to complete
Funding Insights of Spellbook
Spellbook has successfully raised a total of $84.8M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $40 million completed in March 2026. 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 Debt – Conventional — $40.0M
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First Round
First Round
(24 May 2023)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2026 | Amount | Debt – Conventional - Spellbook | Valuation |
investors |
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| Oct, 2025 | Amount | Series B - Spellbook | Valuation |
investors |
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| Jan, 2024 | Amount | Series A - Spellbook | Valuation | Inovia Capital |
| 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 |
Investors in Spellbook
Spellbook has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Thomson Reuters, Inovia Capital and Thomson Reuters Ventures. 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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Investments are made in early-stage technology companies by Inovia Capital.
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Early-stage enterprise technology companies are targeted for investment.
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Seed funding and product council are provided for early-stage companies.
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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 Spellbook
| 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 - Spellbook
| 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 |
Spellbook Comparisons
Competitors of Spellbook
Spellbook 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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| domain | founded_year | HQ Location |
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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| domain | founded_year | HQ Location |
Contract lifecycle management is facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Automattic is engaged in developing web and messaging solutions.
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| domain | founded_year | HQ Location |
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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| 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 Spellbook
Frequently Asked Questions about Spellbook
When was Spellbook founded?
Spellbook was founded in 2018 and raised its 1st funding round 5 years after it was founded.
Where is Spellbook located?
Spellbook is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Spellbook?
Scott Stevenson is the current CEO of Spellbook. They have also founded this company.
Is Spellbook a funded company?
Spellbook is a funded company, having raised a total of $84.8M across 4 funding rounds to date. The company's 1st funding round was a Series A of $20M, raised on May 24, 2023.
What does Spellbook do?
Legal AI solutions are provided by Spellbook to assist commercial lawyers. Tools for contract drafting, redlining, and review are integrated directly into Word. Risks are identified, documents are compared to industry standards, and multi-document workflows are supported. Services cater to law firms and in-house teams across 80 countries. Privacy and security are prioritized with compliance to GDPR, CCPA, and other regulations. Advanced AI models like GPT-5 are utilized for enhanced performance.
Who are the top competitors of Spellbook?
What products or services does Spellbook offer?
Spellbook offers Spellbook AI Suite and Spellbook Associate.
Who are Spellbook's investors?
Spellbook has 13 investors. Key investors include Thomson Reuters, Inovia Capital, Thomson Reuters Ventures, Bling Capital, and LegalTech.