A UK-founded legaltech startup looking to democratise legal services for consumers has raised $60 million in funding, with the funds geared towards speeding up its US expansion.
The Series B funding round inLawhive was led byMitch Rales, co-founder of conglomerate Danaher Corporation, withparticipation from TQ Ventures, Google’s investment arm GV, Balderton Capital andJigsaw.
The investment comes within a year of Lawhive’s $40 million Series A funding round.
Lawhive is targeting the consumer legal market, resolving everyday issues such as family law, landlord/tenant disputes and employment law, which it says areslow and cumbersome to resolve.
Lawhive has developed its own AI operating system, which is used by lawyers, which it saysreduces the time, cost and administrative burden associated with these everyday legal matters.
Startups competing in this area include the likes ofRobinAI, Legora and Harvey, though they have differing business models.
After initially launching in the UK, Lawhive launched in the US last year and now operates in 35 US states, with an office in Austin and one soon to open in New York.
Pierre Proner, CEO and co-founder of Lawhive, said: “Everyday legal matters remain costly and unpredictable for millions of people, while lawyers are held back by manual processes that limit their efficiency and scale of their legal practices.
“AI is finally making it possible to achieve a breakthrough in delivering consumer legal services with the speed and consistency people expect.
“The reaction from lawyers and clients in the US has been exceptionally strongand this funding allows us to build on US momentum and scale our model.”