Definely secures £5.6m Series A funding led by Octopus Ventures to expand its technical team.
The Series A round was led by Octopus Ventures with backing from angels and institutional investors.
Definely builds AI-powered technology that integrates directly into word processors to help lawyers review and edit complex contracts efficiently.
Legal technology company Definely has secured £5.6m in a Series A funding round led by Octopus Ventures. The investment also drew participation from Cornerstone VC, Zrosk Investment, and several angel investors including Claire Hughes Johnson, Comron Sattari, Ajay Patel, and Babatunde Soyoye.
Founded by former lawyers, the company develops plugins for Microsoft Word designed to streamline contract review and drafting. The fresh capital will support the expansion of its technical team as it advances its artificial intelligence capabilities and grows its user base across multiple global markets.
From the founder
"Before we built Definely, lawyers that needed to access information and understand contracts would use Ctrl+F keys, multiple windows, scroll through hundreds of pages, or simply print out documents so that they could reference all the information in one place. As someone who is visually impaired, you can imagine the challenge this represented for me."
Feargus MacDaeid
Co-Founder at Definely
Investor perspective
"At Octopus Ventures, we’re backing the entrepreneurs who make it their mission to empower people and change industries for the better. Definely is a fantastic example of this – what started as a solution to improve accessibility in the legal industry, has evolved into a product that boosts productivity for all lawyers. By leveraging their powerful AI and strong relationships with companies like Microsoft, Definely is well-positioned to make significant inroads into this $60bn industry"
Edward Keelan
Partner, Octopus Ventures
Use of funds
- 01Grow the team
- 02Fund research and development
