# Legalogic

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

- Industry: Software
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.lawgeex.com
- Total disclosed funding: $27M
- Latest round: Series C (Apr 21, 2020)
- Investors on record: 6

## About

Legalogic Ltd. develops innovative contract review automation solutions using artificial intelligence to streamline contract management processes for various industries, enhancing both speed and accuracy in legal procedures.Founded in 2014, Legalogic Ltd. operates from Tel Aviv-Yafo, Israel, specializing in contract review automation. The company has raised a total of USD 20.00 mn across multiple funding rounds, including its most recent Series C funding round in April 2020, which secured USD 20.00 mn led by Corner Ventures with participation from Aleph, La Maison Partners, and Lool Ventures. Noory Bechor, the CEO and founder, has been instrumental in leading the company's vision and growth since its inception.Lawgeex specializes in contract review automation, leveraging patented artificial intelligence technology to enhance the speed and accuracy of contract management. Their core product automates the review and redlining of contracts according to predefined company policies, functioning similarly to an experienced attorney. This solution identifies unacceptable or missing clauses and understands the context of contracts, allowing for thoughtful negotiations with counterparties. Lawgeex serves businesses across various sectors, including technology, pharmaceuticals, and energy, providing tools that streamline contract negotiations and ensure compliance with internal legal guidelines. Their products are utilized in markets such as North America, Europe, and Asia, affirming their position in the legal tech industry.Lawgeex generates revenue through a subscription-based model, offering its contract review automation platform to businesses. Clients engage with the company via direct partnerships, accessing the platform for a specified term under tiered subscription plans that scale based on the volume of contract reviews needed. The flagship contract review solution provides measurable efficiency gains and significant cost savings compared to manual review methods, with revenue linked to the value delivered to clients.Following the Series C funding round on April 21, 2020, which raised USD 20.00 mn, Legalogic Ltd. plans to utilize these funds to enhance its product offerings and expand into new markets. Although specific upcoming products were not detailed, the company aims to strengthen its position in existing markets and identify new opportunities across North America, Europe, and Asia by implementing strategic initiatives throughout 2021 and beyond.

## Funding rounds

- Series C, Apr 21, 2020, $20M — lool ventures, Aleph, La Maison Partners, Corner Ventures
- Series A, Mar 7, 2017, $7M — lool ventures, LionBird, Recruit Holdings

## Investors

- lool ventures (https://capitalatlas.ai/funds/lool-ventures) — Series A, Series C
- LionBird (https://capitalatlas.ai/funds/lionbird) — Series A
- Recruit Holdings — Series A
- Aleph (https://capitalatlas.ai/funds/aleph) — Series C
- La Maison Partners (https://capitalatlas.ai/funds/la-maison-partners) — Series C
- Corner Ventures (https://capitalatlas.ai/funds/corner-ventures) — Series C