Spellbook, a Toronto, Canada-based provider of an AI-powered contract review platform for lawyers, has raised $50 million in a Series B funding round.
The latest round values the company at $350 million post-money and brings its total funding to over $80 million.
Investors
The round was led by Keith Rabois, Managing Director at Khosla Ventures, with participation from Threshold Ventures, Inovia Capital, Bling Capital, Moxxie Ventures, Path Ventures, and Jean-Michel Lemieux.
Khosla Ventures is a prominent Silicon Valley venture capital firm founded in 2004. The firm specializes in early-stage investments in transformative technologies and high-impact startups across sectors, including artificial intelligence (AI), healthcare, sustainability, and frontier technologies.
Spellbook Use of Funds
The company will use the funds to expand beyond contract review into full transactional legal work, scale its go-to-market teams, and enhance its AI capabilities with deeper contract intelligence grounded in real-time market data.
About Spellbook
Founded in 2022, Spellbook is a legal tech company that provides an AI-powered platform for lawyers to streamline contract drafting, review, and negotiation, built directly into Microsoft Word. Powered by OpenAI’s GPT-5 and optimized with legal-specific data and workflows, Spellbook enables lawyers to review, draft, and negotiate contracts with speed and accuracy. Headquartered in Toronto, Canada, the company serves nearly 4,000 law firms and in-house legal teams across 80 countries, with customers including Nestlé, eBay, and Kennedys, among others.
Funding Details
Company: Spellbook
Raised: $50.0M
Round: Series B
Funding Date: October 2025
Lead Investor: Keith Rabois, Khosla Ventures
Additional Investors: Threshold Ventures, Inovia Capital, Bling Capital, Moxxie Ventures, Path Ventures, Jean-Michel Lemieux
Company Website: https://www.spellbook.legal
Software Category: Legal AI / Contract Automation
Source: https://www.businesswire.com/news/home/20251009110230/en/