Lawhive, a London, UK-based AI-powered platform for lawyers, has raised over €11 million in Seed funding.
Investors
The investment was led by GV, with participation from Episode 1 Ventures.
Founded in 2009, GV is a corporate venture capital arm of Alphabet based in San Francisco, California. It prefers to invest in the enterprise, life sciences, consumer, and frontier technology sectors. The firm has additional offices in Cambridge, London, and New York. GV has over $10 billion in assets under management, 400 active portfolio companies across North America and Europe.
Lawhive Use of Funds
The company plans to use the fresh funds to expand its team and is hiring for several roles, including AI engineers and software developers.
About Lawhive
Lawhive is an online legal platform for consumers and small businesses to get legal help for a fraction of the cost of a law firm. Its platform offers a solution by leveraging AI technology to streamline legal workflows, enabling lawyers to deliver services more efficiently and at a lower cost. Lawhive currently works with more than 100 solicitors and lawyers across the UK and has built an operating system for consumer law that automates day-to-day, repetitive administrative tasks, including KYC/AML, client onboarding, and document collection.
Funding Details
Company: Lawhive, Ltd
Raised: €11.0M
Round: Seed Round
Funding Month: April 2024
Lead Investors: GV
Additional Investors: Episode 1 Ventures
Company Website: https://lawhive.co.uk/
Software Category: Legal
Source: https://www.eu-startups.com/2024/04/london-based-lawhive-an-ai-powered-platform-for-lawyers-secures-over-e11-million-in-seed-funding/