Observed Signal · Jun 9, 2025 · Funding · Source: Tech.eu · Impact: 2/5 · Sentiment: Positive
UK legaltech Definely raises $30M for global expansion and AI
UK legaltech company Definely has secured $30 million in Series B funding to accelerate its global expansion and AI product roadmap, bringing total raised to $40 million. Founded in 2020 by Nnamdi Emelifeonwu and Feargus MacDaeid, the company integrates with Microsoft Word to help lawyers work more efficiently with legal documents. Its latest AI product, 'Enhance', reportedly delivers at least 40% speed improvements in workflows. Definely almost tripled its annual recurring revenue in 2024 and serves over 100 clients, including Magic Circle firms and blue-chip corporations. The US market now accounts for 30% of revenue. The round was led by Revaia with participation from other investors, and funds will support product development and expansion, including a new US-based General Manager appointment.
Funding for AI-powered legaltech highlights continued VC investment in AI-driven business tools, relevant to the broader AI infrastructure landscape.
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Key Takeaways & Evidence Grounding
- Definely raised $30 million in Series B funding.
- Total funding to date is $40 million.
- Definely's AI product 'Enhance' improves workflow speed by at least 40%.
- Definely almost tripled its annual recurring revenue in 2024.
- US market accounts for 30% of Definely's revenue.
Connected Companies & Entities
2 Entities mapped“Its customers include ... in-house corporate counsel for blue-chip companies such as BT Group, Deloitte, and P&O Cruises....”
“Early investors, including Octopus Ventures, Zrosk Investment Management, The Raine Group, and Cornerstone VC have also participated in the ...”
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