LegalFly

Overview
News
LegalTech?
Product stageSegments
Seed
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Legal research, AI systems, and analytics
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LegalFly is a pioneering legal AI platform revolutionizing the way legal services are delivered. Launched in 2023 by a team of former Tinder product experts - Ruben Miessen, Kasper Verbeeck, Dennis Montégnies, and Gregory Vekemans - the company offers a full suite of Legal AI agents designed to automate legal services and enhance productivity.

LegalFly's cutting-edge technology leverages large language models (LLMs) to streamline processes like drafting agreements, reviewing contracts, and running compliance checks on documents. It employs an LLM-agnostic approach, selecting the best foundational models for each legal scenario, coupled with on-premise anonymization to ensure sensitive client data remains secure within the company's premises.

Serving law firms and enterprises, particularly in the finance and insurance sectors, LegalFly's solutions have demonstrated remarkable efficiency gains. Clients report a 60% reduction in contract review and drafting time, with the company's products covering over 90 document types across multiple languages and jurisdictions. As of 2024, LegalFly counts dozens of leading European law firms and corporations as customers.

In July 2024, LegalFly secured over EUR 15 million in Series A funding led by Notion Capital, with participation from redalpine and Fortino Capital. This investment enabled the company to triple its team, accelerate feature development, and expand its operations across Europe while strengthening partnerships with industry giants like Slaughter & May and Allianz. LegalFly's innovative approach to legal AI has garnered industry recognition, positioning it as a frontrunner in driving the digital transformation of legal services globally.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Sint-Jacobsnieuwstraat 32 Ghent BEL
Founded year:
2023
Employees:
11-50
IPO status:
Private
Total funding:
USD 18.6 mn
Last Funding:
USD 16.4 mn (Series A; Jul 2024)
Last valuation:
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