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Legal research platform Legitquest has raised $660,000 (Rs 5.5 crore) in its ongoing funding round from its existing investors WaterBridge Ventures and InfoEdge.
The company said in a statement that with more deals coming up, it plans to close the funding round soon.
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“We are excited about the continued trust and support of our investors, which allows us to accelerate our vision of leveraging generative AI to transform the challenges faced by legal stakeholders,” Karan Kalia, founder of Legitquest, said.
Legitquest, founded in 2017 by lawyer Karan Kalia, IIT graduate Rohit Shukla, and finance PhD Himanshu Puri, is a legal tech company that provides data services for businesses in the legal and regulatory fields.
The company says it has collected almost three billion pages of legal data, served over 1,000 B2B clients, and has more than 300,000 monthly users.
In April 2021, Legitquest raised Rs 5 crore from the domestic internet company InfoEdge and venture capital firm Waterbridge Ventures in a Pre-Series A funding round.
This year, other AI-driven legal-tech startups like Jhana raised $1.6 million in a seed funding round led by Together Fund, while DecoverAI secured $2 million in a funding round led by Leo Capital.
About Legitquest
Legitquest is a Legal-Tech company run by a team of tech-savvy lawyers, engineers, and designers who want to make law practice easier for everyone. Our patron, advisor, and investor is the well-known jurist Mr. Ram Jethmalani. We aim to organize and modernize old, unstructured legal data for the benefit of the legal community.
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