UK-based legal tech startup Definely has completed an impressive $30 million Round B round of funding. This funding will enable them to catalyze their mission to make the legal drafting and review process as efficient and straightforward as possible. Nnamdi Emelifeonwu & Feargus MacDaeid Definely, launched in 2017, has built a powerful new productivity suite for creators. This open source suite leverages AI agents to augment Microsoft Word, so lawyers can more easily review and edit increasingly complex contracts with less risk of insights being overlooked.
The Enlarged Board’s recent funding round attracted major investments from leading investors in Europe and North America. Other participants in the round included Revaia, Alumni Ventures, and Beacon Capital. Revaia, the lead investor in this round, was connected to Definely via personal networks. This new round comes on the heels of a $7 million Series A investment the company raised last May. It means that there’s a really strong growth trajectory for this company.
Definely’s technology came from an honest discussion between the founders. They talked about the experiences of MacDaeid, a registered blind lawyer. Through long discussions with MacDaeid, Emelifeonwu became familiar with his challenges in sorting through multilayered definitions in dense contractual obligations. Digesting this information led us to develop targeted tools. These types of tools assist legal professionals in preserving the context while processing nuanced documents.
As an entrepreneur, Nnamdi Emelifeonwu, one of the entrepreneurs present, shared the difficult and long process of raising the funds. He had a strong emotional and spiritual connection to the business. He added, “Having just raised new capital and with our eyes on truly going global as a business, it’s both a personal milestone and a signal to others that it’s possible.”
Today, the United States makes up a third of Definely’s revenue, a testament to the company’s increasing impact in the space. With the recent funding, the company plans to accelerate its expansion into the U.S., positioning itself as a leader in the legal tech space.
Definely’s approach pairs technological innovation with empathy for lawyers’ challenges, uniquely positioning them to tackle problems legal practice faces in the real world. Emelifeonwu emphasized how important context is in understanding or reviewing contracts. Her plea was simple, “Help me read through definitions and exhibits in tricky contracts while still maintaining context.”
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