Article
Press release: Legal SaaS A.I. platform LawGeex raises $7 million in funding round
The world is changing and the legal profession is by no means immune, but in many cases it is start ups and entrepreneurs who are challenging the status quo
Key takeaways
- The round was led by a group consisting of high-profile investors, including Japanese-based HR and information services company, Recruit Holdings, the owner of Indeed.com.
- Previous investors Lool Ventures and LionBird also participated in this round, bringing LawGeex’s total funding to $9.5 million.
- Within 10 years the way legal professionals operate will be dramatically different.
Cite or link to this article
Griffin, M. (2017) 'Press release: Legal SaaS A.I. platform LawGeex raises $7 million in funding round', 311 Institute, 9 March. Available at: https://www.311institute.com/press-release-legal-saas-a-i-platform-lawgeex-raises-7-million-in-funding-round/ (Accessed: 1 October 2026).
Over the past few months I've been highlighting how the world of law, from the way contracts are processed to even the judges themselves, has been changing as companies as varied as Dentons, the world's largest law firm, robo-lawyer bot DoNotPay, robo-lawyer firm ROSS Intelligence and JPMorgan Chase use artificial intelligence (AI), automation and bots to disrupt the status quo and start the process of democratising law.
One of the other companies I discussed was an Israeli based company called LawGeex whose ambition is to automate the entire legal world and Jonathan their Director of Communications got in touch with me to share the following press release, and highlight the fact they've now secured their next funding round.
As regulars to this site know, the world is changing, and money helps it change faster... all the best to the LawGeex team, congratulations on your funding round and good luck democratising law.
Legal SaaS A.I. platform LawGeex raises $7 million in funding round
TEL AVIV, ISRAEL, March 7, 2017: LawGeex, the leading A.I. contract review platform for businesses, has today announced the closing of a $7 million Series A funding round. The round was led by a group consisting of high-profile investors, including Japanese-based HR and information services company, Recruit Holdings, the owner of Indeed.com. Previous investors Lool Ventures and LionBird also participated in this round, bringing LawGeex’s total funding to $9.5 million.
“LawGeex is transforming everyday legal operations by automating the contract review and approval process. We help businesses run faster and smoother by removing the legal bottleneck,” said Noory Bechor, Co-Founder and CEO of LawGeex. “Customers who waited weeks to get a simple contract approved in the past, can now complete the entire review and approval process in under 60 minutes. This means corporate counsel and legal teams can finally focus on the big picture instead of getting lost in the paperwork.”
The LawGeex Artificial Intelligence reviews incoming contracts, approving them if they match pre-defined criteria, or escalating them to the legal team if needed. Legal teams can define their criteria based on best practices, or create their own custom “playbooks”, outlining exactly what the platform should accept or reject in any contract. By enforcing a single set of standards, LawGeex helps companies minimize legal risk and ensure compliance, while reducing legal bottlenecks and shortening contract turn-around time.
Rami Kasterstein, a seasoned VC and entrepreneur who joined the company’s board as representative of the investor group, commented: “The legal industry is lagging behind as one of the last industries to adopt digital automation. A large portion of lawyers are still using pens, paper, printers and faxes to do their job. Within 10 years the way legal professionals operate will be dramatically different. LawGeex is at the forefront of this disruption, using A.I. to deliver a practical solution to challenges faced by businesses today.”
LawGeex’s currently supports a wide range of standard business contracts, from NDAs to purchase orders and software licenses. The additional capital will be used to further advance LawGeex’s A.I. capabilities, enhance its SaaS offering, and continue building a world class team of engineers, data scientists and legal experts.
About LawGeex
LawGeex (www.lawgeex.com) is transforming legal operations using artificial intelligence, and helping businesses save hundreds of hours and thousands of dollars reviewing and approving everyday contracts.
Founded in 2014 by international lawyer Noory Bechor and leading AI expert Ilan Admon, LawGeex enables businesses to automate their contract approval process, improving consistency, operational efficiency and getting business moving faster.
LawGeex combines machine learning algorithms, text analytics and the knowledge of expert lawyers to deliver in-depth contract reviews using the legal team’s pre-defined criteria. LawGeex removes the legal bottleneck, helping customers and their legal teams focus on the big picture without getting lost in the paperwork. For more information, please visit www.lawgeex.com or tweet us @lawgeex_.
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Why does this matter?
The world is changing and the legal profession is by no means immune, but in many cases it is start ups and entrepreneurs who are challenging the status quo
About the author
Matthew Griffin Founder, 311 Institute
Matthew Griffin is a multi-award winning Futurist and expert in Disruption and Innovation, Geopolitics, Leadership, and Technology, who NASA have described as a "walking encyclopaedia of the future" and a "futurist Polymath."
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Matthew Griffin is a multi-award winning Futurist and expert in Disruption and Innovation, Geopolitics, Leadership, and Technology, who NASA have described as a "walking encyclopaedia of the future" and a "futurist Polymath." 15-time best selling author of the "Codex of the Future" series, Matthew is the Founder and Futurist in Chief of the 311 Institute, a global Futures and Deep Futures advisory firm working with royal households, world leaders, G7, G20, and G77 governments, NGOs, and multi-national mid and mega cap firms to help them explore, shape, and lead the next 50 years of business and society.
An award-winning YouTube creator with over a million followers, with an unrivalled global reach and impact, Matthew is a highly sought-after international keynote speaker, lecturer, and mentor who collaborates with global leaders through the United Nations Alliance of Civilizations (UNAOC) and United Nations General Assembly (UNGA) to shape pivotal initiatives such as the UN’s AI for Humanity program, the United Nations Conference of the Parties (UN COP), and the World Economic Forum in Davos.
As the former Global Head of Cloud, National Security, and Enterprise Sales for companies including Atos, Dell-EMC, and IBM, Matthew has a proven track record of building multi-billion dollar business units and turning failing divisions into market leaders. His ability to identify, analyse, and communicate the implications of hundreds of emerging technologies and trends is unparalleled, and his insights are trusted by many of the world’s most respected organisations, including ABB, Accenture, Adidas, AON, ARM, BCG, Centrica, Citi, Coca-Cola, Dentons, Deloitte, Dow Jones, EY, Google, KPMG, Lego, Legal & General, LinkedIn, Microsoft, PepsiCo, Qualcomm, RWE, Samsung, Siemens AG and Siemens Energy, T-Mobile, UBS, VISA, Walmart, Workday, Worldpay and many others.
Regularly featured in the global media including the AP, BBC, Bloomberg, CNBC, Discovery, Forbes, Khaleej Times, Telegraph, TIME, ViacomCBS, WIRED, and the WSJ, Matthews mission is to help organisations create a fair and sustainable future whose benefits are shared by everyone irrespective of their ability, background, or circumstances.
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Source: first published by the 311 Institute on 9 March 2017. Cite as: Griffin, M. (2017). Press release: Legal SaaS A.I. platform LawGeex raises $7 million in funding round. 311 Institute. https://www.311institute.com/press-release-legal-saas-a-i-platform-lawgeex-raises-7-million-in-funding-round/
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