LegalForce, a Tokyo, Japan-based provider of contract review platform and AI-enabled contract management suite, announced that it raised approx. 13.7 billion yen ($101m) in Series D funding.
The round was led by SoftBank Vision Fund 2, with the participation of Sequoia China, Goldman Sachs, and existing investors including World Innovation Lab(WiL), Mizuho Capital, and Mitsubishi UFJ Capital.
The total amount raised by equity since the seed round is approximately 17.9 billion yen (over $132m) after the Series D round.
The funds to be raised will be invested in accelerating recruitment, research and development, and sales and marketing to realize its mission of "Manage all contract risks anytime, anywhere''.
Company: LegalForce, Inc.
Raised: ¥ 13.7B
Round: Series D
Funding Month: June 2022
Lead Investors: SoftBank Vision Fund 2
Additional Investors: Sequoia China, Goldman Sachs, World Innovation Lab(WiL), Mizuho Capital, and Mitsubishi UFJ Capital
Company Website: https://en.legalforce-corp.com/
Software Category: AI-enabled contract review platform
About the Company: Founded in 2017 by two corporate lawyers from one of the top law firms in Japan, LegalForce develops and provides cloud-based software that improves the quality and efficiency of corporate legal operations through proprietary AI technology with legal insights. LegalForce launched the AI-enabled contract review platform “LegalForce” in April 2019, and the AI-enabled contract management suite “Marshall” in January 2021. LegalForce’s mission is “Manage all contract risks anytime, anywhere,” we will continue to develop and provide software that improves the quality and efficiency of corporate legal operations by cutting-edge technology with legal insights.