# BRYTER

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bryter

- Industry: Software
- Headquarters: Frankfurt am Main, Germany
- Website: www.bryter.io/
- Total disclosed funding: $88M
- Latest round: Series B (Mar 5, 2021)
- Investors on record: 6

## About

Based in Berlin, Germany, BRYTER GmbH delivers a sophisticated AI productivity suite tailored for legal professionals, enhancing the efficiency and automation of legal processes across multiple sectors.BRYTER GmbH is a technology company specializing in automation solutions for the legal industry. Founded in 2018 in Berlin, Germany, by Michael Grupp, Mike Fecke, and Sebastian Martin, the company has undergone significant growth since its inception. In March 2021, BRYTER raised USD 66.00 mn in Series B funding led by Tiger Global Management, with participation from Accel, Dawn Capital, Notion Capital, and others. This funding round represents the total amount raised by the company, which has completed 3 deals to date. The current company valuation stands at USD 409.55 mn.BRYTER offers an advanced AI productivity suite designed specifically for legal professionals, combining its core products BEAMON AI and BRYTER Workflows to streamline and automate legal processes. BEAMON AI provides comprehensive functionalities for drafting, researching, and reviewing legal documents, enabling lawyers to operate more efficiently. BRYTER Workflows utilizes a rule-based engine that facilitates the automation of various legal tasks, such as claims processing, file-to-timeline creation, court document handling, and billing guidelines compliance. The suite aims to enhance operational speed and accuracy, thus addressing the needs of law firms, corporate legal departments, and compliance teams across multiple sectors including finance, corporate law, and compliance regulations. Key clients include prominent legal teams like Telefónica, showcasing the product's effectiveness in increasing transparency and accessibility within legal operations. BRYTER's solutions are marketed in various geographical regions, including Europe, North America, and parts of Asia, catering to a diverse client base that ranges from small law firms to large corporate legal departments.BRYTER's revenue model primarily revolves around subscription-based services that enable clients to access its AI productivity suite. Clients typically engage with BRYTER through annual or monthly subscriptions, providing them with ongoing access to flagship products such as BEAMON AI and BRYTER Workflows.

## Funding rounds

- Series B, Mar 5, 2021, $66M — Accel, Dawn Capital, Tiger Global Management, Notion Capital, NAP
- Series A, May 12, 2020, $16M — Accel, Dawn Capital, Notion Capital, NAP, Chalfen Ventures
- Seed, Nov 12, 2019, $6M — Accel, Notion Capital, NAP

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Seed, Series A, Series B
- Notion Capital (https://capitalatlas.ai/funds/notion-capital) — Seed, Series A, Series B
- NAP (https://capitalatlas.ai/funds/nap) — Seed, Series A, Series B
- Dawn Capital (https://capitalatlas.ai/funds/dawn-capital) — Series A, Series B
- Chalfen Ventures (https://capitalatlas.ai/funds/chalfen-ventures) — Series A
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B