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LegalFly secures €15M to set security standard in AI legal services
LegalFly, a legal AI platform, announced it has secured over €15 million in Series A funding. The round was led by Notion Capital, with additional backing from Redalpine and Fortino Capital.
Founded just one year ago, LegalFly has quickly become a prominent player in the legal tech sector. This funding follows a €2 million Seed round led by Redalpine, which also included early support from notable figures such as Mehdi Ghissassi, Director of Product at Google Deepmind.
LegalFly was established by former Tinder product experts Ruben Miessen, Kasper Verbeeck, Dennis Montégnies, and Gregory Vekemans, with the aim of making legal services more accessible for businesses. The platform has gained rapid traction with its cutting-edge AI solutions designed for law firms and in-house legal teams, particularly in the finance and insurance industries. Today, LegalFly serves numerous top European law firms and companies, and has formed strategic alliances with industry leaders like Slaughter & May and Allianz.
“LegalFly is redefining how legal services are delivered, ensuring they are more accessible within a corporate environment while upholding the highest standards of security and efficiency," stated Ruben Miessen, CEO of LegalFly. "This investment enables us to scale our operations and innovate further, driving forward the digital transformation in legal services that our clients require globally."
LegalFly is revolutionising legal and compliance departments with a full suite of Legal AI agents designed to automate legal services and enhance productivity. As the €884 billion legal services market turns to AI to boost efficiency and cut costs, LegalFly is setting the global standard for responsible legal AI featuring unrivalled security.
Unique in its approach, LegalFly ensures that sensitive client data never leaves a company’s premises. This is achieved through on-premise anonymisation, where a fine-tuned model secures data before it ever reaches the LLMs. Coupled with an LLM-agnostic platform that selects the best foundational models for each legal scenario, LegalFly increases both product efficacy and security.
The investment will fuel LegalFly’s ambitious growth plan, tripling its current team by year’s end and accelerating feature development. The funding will also support LegalFly’s continued expansion across Europe and enhance its partnerships with leading law firms and enterprises, paving the way for next-generation legal services that are both effective and secure.
“The legal industry is a perfect fit for AI. We have been looking at making an investment in the market for some time and in LegalFly we are very confident that they will be one of the enduring success stories,” said Jos White, General Partner at Notion Capital. “The super talented team have a clear vision for the future and have already built a market leading product. The true test of this is the way it’s being received in the market which has been nothing short of amazing after only a year.”
“LegalFly's rapid ascent showcases their exceptional vision and execution, solidifying their product leadership in the Legal AI space. Their unique focus on enterprise-grade security and an LLM-agnostic platform not only meets a critical industry need but also drives their continuous expansion and innovation. Transforming legal services with secure, AI-driven solutions, we are proud to have led their seed round and to witness their robust and sustained growth,” said Sebastian Becker, General Partner at redalpine.