Genie AI Raises £13.3M in Series A Funding to Enhance AI Legal Editor

Company Name: Genie AI
Location: London, UK
Sector: AI, Legal Tech
Funding Details: Raised £13.3M in Series A funding, bringing the total amount to £15M. The round was led by GV (Google Ventures), with participation from Khosla Ventures.

Purpose of Investment:
The funds will be used to further develop Genie AI’s agentic legal editor, enhancing its capabilities in drafting, reviewing, and negotiating legal documents.

Product and Innovation:
Led by CEO Rafie Faruq, Genie AI offers an AI legal editor that optimizes the drafting, reviewing, and editing of legal documents. The platform integrates three core products:

• Agentic Legal AI: Automates the drafting, reviewing, editing, and red-lining of legal documents, offering users streamlined legal assistance.
• Legal Editor: A sophisticated tool that imports complex Microsoft Word files, structuring them for easier editing by the AI.
• Legal Library: A vast public database featuring thousands of templates, clauses, toolkits, and guidance notes, fully compatible with the Legal Editor and Agentic Legal AI.

Recent Developments:
To date, over 100,000 companies have utilized Genie AI’s platform, including 11 FTSE100 companies, 20 Global200 law firms, top US banks, and two of the UK’s largest supermarket chains. Genie AI’s contracts have been used in over 120 jurisdictions, including the UK, California, Texas, India, Australia, South Africa, Singapore, France, and Germany.

About the Company:
Genie AI is revolutionizing the legal landscape by leveraging AI to streamline the process of creating, reviewing, and managing legal documents. By integrating intelligent AI systems and a comprehensive legal library, Genie AI enables law firms, corporations, and businesses of all sizes to improve efficiency and reduce the complexities of legal document management.