# Crosby

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

- Industry: Software
- Headquarters: New York, US
- Website: www.crosby.ai/
- Total disclosed funding: $77M
- Latest round: Series B (Mar 31, 2026)
- Investors on record: 7

## About

Based in New York, the US, and founded in 2024 co-founded by CEO Ryan Daniels and John Sarihan, Crosby Legal PLLC offers a technology-driven legal service designed to expedite contract review and management. Their primary service revolves around the use of advanced AI to analyze, clarify, and draft legal documents, specifically targeting high-volume sales contracts such as NDAs, MSAs, DPAs, BAAs, and SOWs. By integrating legal expertise with artificial intelligence, Crosby aims to resolve bottlenecks in contract processes, enabling clients to close deals more efficiently. Their technology allows users to submit documents or legal inquiries via Slack, email, or CRM triggers, ensuring seamless communication across various platforms. The firm primarily serves businesses in North America and Europe, focusing on high-growth companies that require rapid legal support to maintain competitive advantage in their respective markets.Crosby Legal PLLC operates on a fixed-rate pricing model, charging clients based on the specific legal documents processed rather than hourly rates. This approach provides transparency and predictability in legal costs, appealing to businesses looking to streamline their operations without incurring unexpected fees. Transactions typically involve businesses submitting their contracts through Crosby's platform, where AI agents conduct preliminary analyses before human attorneys review the documents for accuracy. The firm guarantees contract reviews within three hours, enhancing its value proposition for clients requiring fast turnaround times. This service structure effectively positions Crosby as a B2B provider, catering to sales teams and legal departments that prioritize efficiency and cost-effectiveness in contract management. In March 2026, Crosby Legal raised USD 60 million in series B funding co-led by Lux Capital and Index Ventures with participation from Sequoia, Bain Capital and 01A. The Series B funding values the firm at USD 400 million post-money. The company will use the funding to enhance its technology and provide an increased level of support to customers.

## Funding rounds

- Series B, Mar 31, 2026, $51M — Index Ventures, Bain Capital, Sequoia, Lux Capital, 01A
- Series A, Oct 8, 2025, $20M — Index Ventures, Bain Capital, Hong Shan, Cooley
- Series A, Jun 17, 2025, $5.8M — Bain Capital, Hong Shan

## Investors

- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series A, Series B
- Hong Shan — Series A
- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series A, Series B
- Cooley — Series A
- Sequoia (https://capitalatlas.ai/funds/sequoia) — Series B
- Lux Capital (https://capitalatlas.ai/funds/lux-capital) — Series B
- 01A (https://capitalatlas.ai/funds/01a) — Series B