Wordsmith Raises $5 Million in Seed Round

by Kay Aloha Villamor in June 21st, 2024

Wordsmith, an Edinburgh, Scotland-based AI-powered legal assistant platform, raised $5 million in seed funding.   


The round was led by Index Ventures, with participation from General Catalyst and angel investors including Skyscanner founder Gareth Williams.  

Index Ventures, founded in 1996 with offices in London, San Francisco, and Geneva, partners with entrepreneurs worldwide to develop bold ideas into global businesses, from Seed to IPO.  

Wordsmith Use of Funds  

The company will use the funds to accelerate hiring in Scotland and the US and support the launch of Wordsmith’s core product to the wider market.  

About Wordsmith  

Founded in 2023 by Ross McNairn, Volodymyr Giginiak, and Robbie Falkenthal, Wordsmith provides an AI-powered legal assistant platform. Wordsmith’s AI technology automates repetitive legal tasks, such as contract analysis, answering standard questions, and processing questionnaires, significantly reducing the workload on lawyers. Wordsmith’s customers include fast-growing tech companies such as Trustpilot.  

Funding Details                    

Company: Wordsmith AI Ltd.  

Raised: $5.0M               

Round: Seed Round  

Funding Month: June 2024                                 

Lead Investor: Index Ventures  

Additional Investors: General Catalyst, Gareth Williams  

Company Website: https://www.wordsmith.ai/   

Software Category: AI Legal Assistant   

Source: https://www.indexventures.com/perspectives/wordsmith-funding/

Your cart