AI-powered legal tech company Definely has secured $30 million in Series B funding to drive global expansion and enhance its AI product offerings.

Information on the Target

Definely, an AI-powered legal technology company headquartered in London, has successfully raised $30 million through Series B funding to further its global expansion and enhance its AI product offerings. Founded in 2020 by Nnamdi Emelifeonwu and Feargus MacDaeid, Definely aims to revolutionize the legal workflow, providing tools that streamline legal processes. The company's innovations are rooted in personal experiences, particularly that of MacDaeid, who, after losing his vision to a degenerative eye condition, has utilized technology to overcome challenges in accessing legal information efficiently.

With a workforce of over 80 employees globally, Definely has achieved significant growth, nearly tripling its annual recurring revenue (ARR) in 2024. The company now supports over 100 in-house legal teams and private practice firms, boasting high user engagement rates attributable to its seamless integrations with established workflows within platforms like Microsoft Word. Noteworthy clients include prestigious firms such as Allen & Overy, Shearman & Sterling, Slaughter and May, DLA Piper, and Dentons, along with notable in-house legal departments from blue-chip companies including BT Group and Deloitte.

Industry Overview in the Target’s Specific Country

The legal technology industry in the UK has evolved dramatically over the past few years, driven by advancements in artificial intelligence and automation. Traditional legal practices are increasingly recognizing the need to adapt to new tec