Legistify, a legaltech platform has secured $4 million in a Series A funding round in preparation for a global expansion.
Existing investors such as Indiamart, Titan VC, GSF, US-based Cathexis Ventures, Justin Hamilton, and Japan-based Enrission group participated in the round.
The startup will concentrate on developing products, global company expansion, and strengthening the local customer base with the additional funding.
“The investors’ support and guidance propels us towards the mission of empowering our customers while adding significant value to our country’s economic growth. These resources will help us in extending our innovative legal operations solutions to new markets along with helping companies leverage our technology to make effective decisions,” Akshat Singhal, founder & CEO of Legistify, said.
Legistify provides comprehensive software to simplify legal operations for enterprises. Their intelligent and intuitive platform helps enterprises manage their legal contracts, cases, IP and provides powerful data insights for effective decision-making.
This cutting-edge solution is being used by over 300+ large enterprises across multiple countries and varied sectors. Legistify is building the next generation of legal technology by leveraging the powers of machine learning and generative AI, thereby empowering its end users in informed decision-making and increasing efficiency.
Having raised over $2 million to date, Legistify plans to secure more funding for market expansion and product enhancement in its pursuit of the booming $36 billion global market. The company aims to achieve cash flow positivity by 2024 and has already provided a substantial exit to early investors, establishing itself as a dominant player in the Indian market.