HomeCanadaAlexi Raises USD$11M in Series A Funding

Alexi Raises USD$11M in Series A Funding

-

alexi

Alexi, a Toronto, Canada-based legaltech company and innovator in generative AI for legal research and litigation tasks, raised $11M USD in Series A funding.

The round, which brought the total amount to $20M, was led by Drive Capital, with participation from existing investors including¬†Draper Associates. In addition to the raise, Chris Olsen, Partner at Drive Capital, will join Alexi’s Board of Directors.

The company intends to use the funds to support hiring across engineering, product development, brand and design, legal, and business development teams to continue to innovate and scale its technology. It will also enable Alexi to meet demand from law firms to incorporate an array of AI-powered litigation tools into their businesses and accelerate upcoming releases across North America and other jurisdictions.

Founded by Mark Doble and Sam Bhasin,¬†Alexi provides a proprietary AI-powered platform that equips litigators with core legal skills. It also enables legal professionals to generate legal memos, identify pertinent legal issues or arguments to achieve desired outcomes and perform AI-powered routine litigation tasks‚ÄĒall within a single platform.

This capital comes less than a year after Alexi’s release of their Instant Memos, Arguments and Chat capabilities.

FinSMEs

10/06/2024

THE DAILY NEWSLETTER - SIGNUP