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4d ago

LegalOn Raises $50 Million Series E, Teams Up With OpenAI to Build Legal AI Agents

That brings LegalOn’s total funding to $200 million for a platform now used by more than 7,000 clients worldwide.

Nozomu Tsunoda (Group CEO of LegalOn) and Daniel Lewis (Global CEO of LegalOn)
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Overview

  • LegalOn closed a $50 million Series E led by Goldman Sachs Growth Equity with participation from World Innovation Lab, Mori Hamada & Matsumoto, Mizuho Bank and Shoko Chukin, bringing total capital raised to $200 million.
  • A strategic collaboration with OpenAI gives LegalOn early access to cutting-edge models and establishes joint engineering teams to develop advanced legal AI agents.
  • New funding will be deployed to scale agentic AI product development across the platform and to expand global sales and marketing efforts.
  • The platform’s matter management feature launched in early July to complement its core contract review tools built on attorney-grounded playbooks.
  • LegalOn’s customer base has expanded 40 percent year-over-year to over 7,000 organizations, with its US and UK business quadrupling in the past year.