Edinburgh-based legal AI workplace Wordsmith has raised a $5 million seed round. The fresh capital will enable Wordsmith to build an in-house legal experience designed for employees.
- Founded in 2023 by Ross McNairn, Volodymyr Giginiak, and Robbie Falkenthal, Wordsmith develops a legal AI workplace platform designed for businesses. It offers customized policies, approvals, and comprehensive oversight of responses.
- Wordsmith enables the drafting of legal responses, analyzes documents with markups, and automates contract redlining. It provides immediate feedback to commercial teams, tailors review to address privacy concerns, and facilitates quick assessments of third-party documents by procurement teams.
“Wordsmith’s mission is to unlock a real appreciation for the quality and value that lawyers add, without the trade-off that comes with moving slowly or getting in the way. By building backwards from employees and making their experience delightful, meeting them in their workflows so they love using legal,” Wordsmith team commented in a statement.
- The seed round for Worsmith was led by Index Ventures, a London-based venture capital firm. California-based VC General Catalyst, along with Felix Ventures, Yellow Ventures, and S16vc, also joined the funding.
“Building all of this on a foundation of world class engineering, with people from the best technology companies in the world, Our goal is simple: to build the ultimate legal command center for in-house lawyers that lets them accelerate everyone around them. Now we have the world-class investors to help support us in this challenge,” Wordsmith team stated in a statement.
