23 Best Legal Tech Startups to Watch in [2023]

Have you ever wondered who is on the list of Legal Tech Companies with the highest growth rates?

You’re not alone.

There are hundreds of Legal Tech Companies found there, and keeping track of the hottest new startups can be challenging.

But don’t worry, we’ve got you covered. Here are the top 23 fast-growing Legal Tech Startups that have top-tier venture capital funding.

What are Legal Tech Startups?

Legal tech startups are companies that use technology to offer legal services. These startups typically leverage new technologies, such as artificial intelligence (AI) and machine learning (ML), to automate or streamline processes or create innovative legal services. 

Examples of legal tech startups include companies that offer automated document review and contract management, legal research tools, and digital workflow systems.

Top 23 Fastest-Growing Startups In Legal Tech

1) LegalZoom

LegalZoom is a technological platform that allows anyone to get professional legal assistance and protect what matters most to them.

Details of the startup:

• Country: United States
• City: Glendale
• Started in: 1999
• Founders: Brian Lee, Eddie Hartman
• Number of employees: 1001-5000
• Funding amount: $811,000,000
• Number of funding rounds: 5
• Number of investors: 11

You can find their website here.

2) Text IQ

Text IQ is a B2B SaaS startup that uses artificial intelligence (AI) to find and contextualize sensitive material in the areas of privacy, security, legal, and compliance.

Details of the startup:

• Country: United States
• City: New York
• Started in: 2014
• Founders: Apoorv Agarwal, Omar Haroun
• Number of employees: 51-100
• Funding amount: $15,600,000
• Number of funding rounds: 5
• Number of investors: 6

You can find their website here.

3) Ironclad

Ironclad is a leading provider of contract management software in the United States.

Details of the startup:

• Country: United States
• City: San Francisco
• Started in: 2014
• Founders: Cai GoGwilt, Jason Boehmig
• Number of employees: 101-250
• Funding amount: $184,000,000
• Number of funding rounds: 8
• Number of investors: 25

You can find their website here.

4) Checkr

Checkr aims to make professional background checks more automated.

Details of the startup:

• Country: United States
• City: San Francisco
• Started in: 2014
• Founders: Daniel Yanisse, Jonathan Perichon
• Number of employees: 251-500
• Funding amount: $309,000,000
• Number of funding rounds: 6
• Number of investors: 26

You can find their website here.

5) Notarize

Notarize is a remote electronic notary service that allows anyone to notarize a document lawfully online.

Details of the startup:

• Country: United States
• City: Boston
• Started in: 2015
• Founders: Adam Pase, Pat Kinsel
• Number of employees: 101-250
• Funding amount: $213,337,968
• Number of funding rounds: 8
• Number of investors: 17

You can find their website here.‍

6) Litify

Litify is a technology company that provides legal firms with a reliable, intelligent platform for practice management.

Details of the startup:

• Country: United States
• City: Brooklyn
• Started in: 2016
• Founders: Reuven Moskowitz
• Number of employees: 101-250
• Funding amount: $58,719,960
• Number of funding rounds: 3
• Number of investors: 2

You can find their website here.

7) Evisort

Evisort is a contract management tool that uses artificial intelligence to provide visibility into any document.

Details of the startup:

• Country: United States
• City: San Mateo
• Started in: 2016
• Founders: Amine Anoun, Jake Sussman, Jerry Ting
• Number of employees: 101-250
• Funding amount: $55,600,000
• Number of funding rounds: 4
• Number of investors: 8

You can find their website here.

8) XCLAIM

To remove risk, provide liquidity, and promote transparency, XCLAIM is digitizing the financial market for selling bad loan receivables.

Details of the startup:

• Country: United States
• City: Los Angeles
• Started in: 2018
• Founders: Matthew Sedigh
• Number of employees: 11-50
• Funding amount: $11,445,000
• Number of funding rounds: 4
• Number of investors: 10

You can find their website here.

9) DISCO

DISCO is a legaltech firm that uses artificial intelligence (AI) and cloud computing to help lawyers and legal teams better their legal outcomes.

Details of the startup:

• Country: United States
• City: Austin
• Started in: 2012
• Founders: Gabe Krambs, Kent Radford, Kiwi Camara
• Number of employees: 251-500
• Funding amount: $233,575,000
• Number of funding rounds: 7
• Number of investors: 6

You can find their website here.

10) BRYTER

BRYTER is a no-code software platform that automates and assists users in the development and construction of digital applications.

Details of the startup:

• Country: Germany
• City: Berlin
• Started in: 2018
• Founders: Michael Grupp
• Number of employees: 101-250
• Funding amount: $89,000,000
• Number of funding rounds: 4
• Number of investors: 6

You can find their website here.

11) LawVu

LawVu is a legal operations platform that integrates matter management, contract management, and vendor management into a single platform.

Details of the startup:

• Country: New Zealand
• City: Tauranga
• Started in: 2015
• Founders: Sam Kidd, Tim Boyne
• Number of employees: 51-100
• Funding amount: $6,596,180
• Number of funding rounds: 5
• Number of investors: 3

You can find their website here.

12) Brightflag

Brightflag is a legal cost management and matter management software for corporate legal departments that uses artificial intelligence.

Details of the startup:

• Country: Ireland
• City: Dublin
• Started in: 2014
• Founders: Alex Kelly, Ian Nolan
• Number of employees: 51-100
• Funding amount: $39,109,196
• Number of funding rounds: 7
• Number of investors: 8

You can find their website here.

13) Usercentrics

Usercentrics is a legal technology SaaS provider situated in Munich, Germany, that is changing the method to safeguard compliant data through consent management.

Details of the startup:

• Country: Germany
• City: Munich
• Started in: 2018
• Founders: Jürgen Weichert, Lisa Gradow, Mischa Rurup, Vinzent Ellissen
• Number of employees: 101-250
• Funding amount: € 21,000,000
• Number of funding rounds: 3
• Number of investors: 7

You can find their website here.

14) Cortical.io

Cortical.io provides AI-based natural language comprehension solutions based on neuroscience-inspired technologies.

Details of the startup:

• Country: Austria
• City: Vienna
• Started in: 2011
• Founders: Daniel Schreiber, Francisco De Sousa Webber
• Number of employees: 11-50
• Funding amount: $15,318,717
• Number of funding rounds: 6
• Number of investors: 6

You can find their website here.

15) Reynen Court

Reynen Court helps law firms and corporate legal departments use AI and other new technologies more quickly.

Details of the startup:

• Country: The Netherlands
• City: Amsterdam
• Started in: 2018
• Founders: Andrew Klein
• Number of employees: 1-10
• Funding amount: $14,499,000
• Number of funding rounds: 3
• Number of investors: 1

You can find their website here.

16) RightNow

By acquiring legal claims and paying a major percentage of the claim within 24 hours, RightNow gives consumers access to justice.

Details of the startup:

• Country: Germany
• City: Düsseldorf
• Started in: 2017
• Founders: Benedikt Martin Quarch, Phillip Eischet, Torben Antretter
• Number of employees: 11-50
• Funding amount: $10,300,000
• Number of funding rounds: 4
• Number of investors: 8

You can find their website here.

17) Privacy Tools

Privacy compliance technology built on AI/Blockchain that assists worldwide businesses in remaining compliant with data protection regulations.

Details of the startup:

• Country: Brazil
• City: Porto Alegre
• Started in: 2019
• Founders: Aline Deparis, Marison Souza
• Number of employees: 11-50
• Funding amount: $230,000
• Number of funding rounds: 3
• Number of investors: 1

You can find their website here.

18) Blue J Legal

Blue J is giving complete legal certainty to everyone, everywhere, and at any time.

Details of the startup:

• Country: Canada
• City: Toronto
• Started in: 2015
• Founders: Albert Yoon, Anthony Niblett, Benjamin Alarie, Brett Janssen
• Number of employees: 51-100
• Funding amount: $9,005,401
• Number of funding rounds: 5
• Number of investors: 9

You can find their website here.

19) Doctrine

Doctrine is a company that creates legal research and analytics software for lawyers.

Details of the startup:

• Country: France
• City: Paris
• Started in: 2016
• Founders: Antoine Dusséaux, Nicolas Bustamante, Raphael Champeimont
• Number of employees: 51-100
• Funding amount: € 12,000,000
• Number of funding rounds: 2
• Number of investors: 8

You can find their website here.

20) LegitQuest

LegitQuest is a legal-tech firm that provides access to Indian case law through a legal research portal.

Details of the startup:

• Country: India
• City: New Delhi
• Started in: 2017
• Founders: Himanshu Puri, Karan Kalia, Rohit Shukla
• Number of employees: 11-50
• Funding amount: ₹80,000,000
• Number of funding rounds: 2
• Number of investors: 2

You can find their website here.

21) Smart Protection

Intellectual and industrial property rights are kept and protected online with Smart Protection.

Details of the startup:

• Country: Spain
• City: Madrid
• Started in: 2015
• Founders: Javier Capilla, Javier Perea, Manuel Moregal
• Number of employees: 101-250
• Funding amount: € 16,890,000
• Number of funding rounds: 6
• Number of investors: 9

You can find their website here.

22) 6clicks

Your full Risk & Compliance Operating System, featuring a world-first AI engine and an award-winning mobile app.

Details of the startup:

• Country: Australia
• City: Melbourne
• Started in: 2019
• Founders: Andrew Robinson, Andrew Robinson, Anthony Stevens, Louis Strauss
• Number of employees: 11-50
• Funding amount: A$7,950,000
• Number of funding rounds: 4

You can find their website here.

23) Docket

Docket streamlines the search, management, and analysis of legal documents, saving money and time.

Details of the startup:

• Country: Brazil
• City: Sao Paulo
• Started in: 2016
• Founders: Pedro Roso
• Number of employees: 101-250
• Funding amount: $8,000,000
• Number of funding rounds: 4
• Number of investors: 5

You can find their website here.

FAQs

Is Legal Tech Business Profitable?

The potential profitability of a legal tech business depends on the type of services it offers, its customer base, and the strategies it uses to market and deliver those services. 

It is possible for legal tech businesses to be profitable, but success often depends on factors such as being able to identify and meet customer needs, having a competitive edge in terms of pricing, and finding innovative ways to provide services.

Additionally, legal tech businesses must have a good understanding of the legal industry, its trends, and how technology can be used to solve legal problems.

What Is The Average Investment In Legal Tech?

The average investment in legal tech businesses varies widely depending on the size and scope of the project. 

Generally speaking, smaller legal tech startups can expect to raise anywhere from $500,000 to $2 million, while larger projects may require anywhere from $5 million to $50 million or more.