LawGeex Overview
LawGeex is an AI-powered contract review platform that enables businesses to automatically review and approve contracts. LawGeex enables legal teams to expedite review turnaround, ensure legal compliance, and increase overall operational efficiency based on the general counsel's pre-defined checklist. LawGeex combines machine-learning algorithms, text analytics, and the knowledge of expert lawyers to deliver in-depth contract reviews that highlight any unusual, problematic, or missing clauses. It also provides statistical benchmarks that simplify the decision-making process for standard and non-standard contracts company wide. The company was named a cool vendor in "Cool Vendors in AI for Legal Affairs, 2017" by the Gartner Research Group.
Cumulative Funding Raised Over Time ($)
$2.5MApr 2016
$14.5MApr 2018
$21.5MMar 2017
$41.5MMay 2020
$46.5MMay 2024
Latest News
Lawgeex Plans to Lay Off Employees, Pivot to Small-Enterprise Shoppers | Sellshoutouts.com
growth-positive
Automated Legal Contract Startup LawGeex Raises $20 Million
Tel Aviv-based legaltech startup LawGeex has raised $20 million in a funding round led by Corner Ventures. The company develops software that automates legal contract reviews for businesses, with customers including HP and General Electric. The funding will be used to hire more people for the customer success team, expand the product offering, and enter new markets. This brings LawGeexs total funding raised to $45 million.
CustomersInvestmentExpand
growth-positive
White & Case Whitelabels LawGeex For Client Contract Review Needs
Global law firm White & Case is set to deploy LawGeexs software on a white label basis. This move is significant as LawGeex is mainly used by corporate legal teams, rather than within law firms. The deal shows an increased willingness among major law firms to re-sell legal tech companies software. The logic behind such moves reflects a scenario where clients dont want to pay top law firm rates for routine contract work. The law firm doesnt want the client to portion off that work to another lower-cost firm. Law firms are increasingly keen to keep process level work inside the business if they can do it more efficiently themselves. Inhouse legal teams are willing to ask external advisers to take on such tasks for them, even though they could do the work efficiently themselves with a system such as LawGeex or other AI contract review tool.
Partners
LawGeex Releases 2019 Legal Tech Buyer's Guide
growth-positive
Israel's LawGeex wins first Burton Award for law-tech
Israeli legal-tech company LawGeex received the Technology Advancement in Law Award at the Burton Awards ceremony. The award recognized LawGeexs revolutionary Contract Review Automation platform, which saves lawyers 50% to 80% of contract-review time and cost. The software ensures consistent application of company policies and has been proven more efficient than human lawyers in contract review. LawGeex has also been named to Red Herrings Top 100 list and Wireds 100 Hottest Startups in Europe.
Customers
| Sector | Business Software |
Funding
| Total funding | $46.75M |
| Last funding | $5M |
| Stage | Seed |
| Rounds | 6 |
| Investors | 12 |
Team Members
2
Employees: 11-50
Web & Social Links
| Website | www.lawgeex.com |
| Careers | Careers page |
Locations
Yosef Karo St 19, Tel Aviv, Israel
333 W 39th St, New York, NY 10018, USA
2801 N Thanksgiving Way suite 350, Lehi, UT 84043, USA
Photos & Videos
3 item(s)
LawGeex Business
Business models
B2B
Product stage
Released
Employees
11-50
Sector
Business SoftwareOperations SolutionsLegal & Compliance SolutionsTarget Customer
Enterprise & Professional ServicesCore Technology
Artificial IntelligenceMachine LearningNatural Language ProcessingTags (14)
legaltechtext-analyticsautomotivebankssaasartificial-intelligencemachine-learningbusiness-processesinsurance-companiesenterprise-solutionsenterprise-softwarepharma-companiesservice-providersnatural-language-processingGeographic Markets
United StatesCanadaIsraelAustraliaUnited KingdomLawGeex Financials
$46.75M
Total funding
Undisclosed
Capital raised
$5M
Last funding
Seed
Funding stage
6
Total rounds
12
Investors
Cumulative Funding Raised Over Time ($)
$2.5MApr 2016
$14.5MApr 2018
$21.5MMar 2017
$41.5MMay 2020
$46.5MMay 2024
Private Equity Funding
Seed
May 2024
$5M
Aleph (Lead), Disruptive AI (Lead)
,
Alicorn, Tom Glocer
C Round
May 2020
$20M
Corner Ventures (Lead)
,
La Maison Partners, Aleph, Moonbow Ventures, lool ventures, Tom Glocer
B Round
Apr 2018
$12M
Aleph, lool ventures
A Round
Mar 2017
$7M
lool ventures, LionBird, Recruit Strategic Partners
Seed
Apr 2016
$2.5M
LionBird, Rami Lipman, lool ventures, Eilon Tirosh
Non-Equity Funding
GrantEvent
Jan 2015
$250K
Office of the Chief Scientist
LawGeex Lifecycle
Cumulative Funding Raised Over Time
$2.5MApr 2016
$14.5MApr 2018
$21.5MMar 2017
$41.5MMay 2020
$46.5MMay 2024
All Events
Seed
May 2024
$5M
Aleph (Lead), Disruptive AI (Lead)
,
Alicorn, Tom Glocer
C Round
May 2020
$20M
Corner Ventures (Lead)
,
La Maison Partners, Aleph, Moonbow Ventures, lool ventures, Tom Glocer
B Round
Apr 2018
$12M
Aleph, lool ventures
A Round
Mar 2017
$7M
lool ventures, LionBird, Recruit Strategic Partners
Seed
Apr 2016
$2.5M
LionBird, Rami Lipman, lool ventures, Eilon Tirosh
GrantEvent
Jan 2015
$250K
Office of the Chief Scientist
LawGeex News
11 articlesLawgeex Plans to Lay Off Employees, Pivot to Small-Enterprise Shoppers | Sellshoutouts.com
growth-positive
Automated Legal Contract Startup LawGeex Raises $20 Million
Tel Aviv-based legaltech startup LawGeex has raised $20 million in a funding round led by Corner Ventures. The company develops software that automates legal contract reviews for businesses, with customers including HP and General Electric. The funding will be used to hire more people for the customer success team, expand the product offering, and enter new markets. This brings LawGeexs total funding raised to $45 million.
CustomersInvestmentExpand
growth-positive
White & Case Whitelabels LawGeex For Client Contract Review Needs
Global law firm White & Case is set to deploy LawGeexs software on a white label basis. This move is significant as LawGeex is mainly used by corporate legal teams, rather than within law firms. The deal shows an increased willingness among major law firms to re-sell legal tech companies software. The logic behind such moves reflects a scenario where clients dont want to pay top law firm rates for routine contract work. The law firm doesnt want the client to portion off that work to another lower-cost firm. Law firms are increasingly keen to keep process level work inside the business if they can do it more efficiently themselves. Inhouse legal teams are willing to ask external advisers to take on such tasks for them, even though they could do the work efficiently themselves with a system such as LawGeex or other AI contract review tool.
Partners
LawGeex Releases 2019 Legal Tech Buyer's Guide
growth-positive
Israel's LawGeex wins first Burton Award for law-tech
Israeli legal-tech company LawGeex received the Technology Advancement in Law Award at the Burton Awards ceremony. The award recognized LawGeexs revolutionary Contract Review Automation platform, which saves lawyers 50% to 80% of contract-review time and cost. The software ensures consistent application of company policies and has been proven more efficient than human lawyers in contract review. LawGeex has also been named to Red Herrings Top 100 list and Wireds 100 Hottest Startups in Europe.
Customers
growth-positive
LawGeex Beats Human Lawyer - Round Two - Feat. Vice News + DealWIP
LawGeex, a legal AI pioneer, held a man vs machine competition against a human lawyer as part of a special report on The Future of Work. The AI + human side beat the human alone side, demonstrating the capabilities of LawGeexs NLP algorithms. The competition involved reviewing two NDAs, with LawGeex achieving 95% accuracy in just 18 minutes, while the human lawyer took over an hour with 85% and 83% accuracy. The co-founder of legal tech startup DealWIP, Tunji Williams, participated as the human lawyer. LawGeex emphasizes the need for lawyers in defining policy, handling negotiation, and managing more complex contract categories, but highlights the importance of tech-savvy lawyers who can leverage technology.
Customers
growth-positive
Israeli legal AI co LawGeex raises $12m
Israeli AI legal contract platform developer LawGeex has closed a $12 million Series B financing round led by Aleph venture capital fund. The companys AI platform helps businesses analyze and approve legal contracts, with research showing it to be more accurate than US lawyers in identifying risks. LawGeex plans to double its workforce with the latest investment. The company has clients in 15 states, including e-Bay, Farmers Insurance, and French bank Natixis.
InvestmentExpand
growth-positive
LawGeex Closes $7M Series A Funding - FinSMEs
LawGeex, an AI contract review platform, has closed a $7 million Series A funding round. The funding was led by Recruit Holdings, with participation from previous investors Lool Ventures and LionBird. The company plans to use the capital to enhance its AI capabilities, improve its SaaS offering, and expand its team. LawGeex provides a platform that uses AI to review and approve incoming contracts based on predefined criteria. If needed, the contracts are escalated to the legal team. The platform supports a variety of standard business contracts. Rami Kasterstein, a seasoned VC and entrepreneur, has joined LawGeexs board as a representative of the investor group.
Investment
N/A
LawGeex: Free, Easy-To-Use Contract Review Software - Legal IT Insider
The article does not provide any information or content.
Rise of the Robolawyers: LawGeex Law Practice Manager
growth-positive
Contract review platform co LawGeex raises $2.5m
Israeli startup LawGeex has raised $2.5 million in funding and launched its online contract review solution. The platform uses machine learning to review contracts and provide users with an in-depth report of the contracts strengths and weaknesses. LawGeex aims to make contract reviews accessible to everyone and help users negotiate better deals. The startup has already reviewed thousands of contracts, including those from major tech companies like Apple, Google, and Facebook. LawGeexs solution is currently free for consumers and plans to offer more contract types in the future. The funding round was led by Lool Ventures and LionBird, with participation from angel investors Eilon Tirosh and Rami Lipman.
InvestmentExpand
LawGeex Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 16 |
| Team members | 2 |
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LawGeex Internal
Recent Updates
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Admin Info
| Confidence | 92/100 |
| Missing | markets, not claimed |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 514985795 |
| Crunchbase | lawgeex |
| Creator | Rachel Wain |
| Creator email | rachelwain18@gmail.com |
| Last updater | Dana Arnon |
| Updater email | dana.arnon@mail.huji.ac.il |
| Last update | 2022-11-09T00:00:00.000Z |
| Created | 2015-03-19T00:00:00.000Z |