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Lawhive raises $12M to expand its legal tech AI platform for small firms
UK-based legaltech company Lawhive, which offers an AI-based in-house 'lawyer' through a software-as-a-service platform targeted at small law firms, has UK-based legal-tech company Lawhive, which is applying AI to its platform, has raised £9.5 million ($11.9 million) in a Seed round to offer AI-driven services to ‘main street’ law firms.
But there has been scant attention paid by startups to the thousands of ‘main street’ lawyers, which have far smaller budgets and are harder to monetize. It might be possible to infer where the planned market expansion will focus by looking at Lawhive’s lead investor: The seed round was led by GV, the venture capital investment arm of Alphabet, the US-based parent of Google. In a statement, Vidu Shanmugarajah, partner at GV, said: “As a lawyer by training, I have experienced firsthand how needed technology-driven innovation is in the legal sector.
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