Alexi Secures $11 Million in Series A

by Kay Aloha Villamor in June 11th, 2024

Alexi, a Toronto, Canada-based legaltech company specializing in generative AI for legal research and litigation tasks, secured $11 million (CAD 15M) in Series A funding. 


The round was led by Drive Capital, with continued support from existing investors like Draper Associates. This round brings the total funding raised by Alexi to over $20 million.  

Drive Capital is a venture capital firm at the intersection of industry and modern technology. The firm unlocks returns for limited partners by investing in market-defining companies across North America. Over the last decade, Drive Capital has grown to manage more than $2 billion in total assets. Based in Columbus, Ohio, its portfolio spans various sectors, including insurance, manufacturing, energy, healthcare, and finance.  

Chris Olsen, Partner at Drive Capital, has joined Alexi's Board of Directors. 

Alexi's Use of Funds 

The company will use the funds to hire across various departments, including engineering, product development, brand and design, legal, and business development. The funding will also support the expansion of their services across North America and other regions. 

About Alexi 

Founded by Mark Doble and Sam Bhasin, Alexi provides an AI-powered platform that equips litigators with core legal skills. It is designed to empower legal professionals by generating high-quality legal memos, identifying critical legal issues or arguments, and performing routine litigation tasks efficiently. Alexi's mission is to make legal knowledge more accessible and enable justice for all through the power of artificial intelligence. 

Funding Details                                                              

Company: Alexsei, Inc.  

Raised: $11.0M                                                     

Round: Series A     

Funding Month: June 2024                                       

Lead Investors: Drive Capital   

Additional Investors: Draper Associates  

Company Website:  

Software Category: Legal Research and Litigation     


Your cart