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Market Tracked raises in 2026$3.41B+$183M this week Rounds77 LatestBlue J$176M Series E Thursday, November 12

Luminance

Luminance is an AI contract platform for reviewing, negotiating and analyzing contracts.

Mage Legal

Mage Legal runs transactional diligence end to end by connecting a data room, surfacing issues, and producing schedules, memos, and closing deliverables.

Luminance vs Mage Legal

At a Glance

DetailLuminanceMage Legal
CategoryGenAI & DraftingGenAI & Drafting
Total raised$138MNot disclosed
Rounds tracked5Not disclosed
Latest roundSeries C, $75M · Feb 2025Not disclosed
Last valuation$100MNot disclosed
Lead investorsPoint72 Private Investments, March Capital, Invoke Capital, Talis CapitalNot disclosed
Built forIn-house teams, Large firmsNot disclosed
HeadquartersUnited KingdomNot disclosed

Funding, Side by Side

Luminance$138M
Mage LegalUndisclosed
Luminance rounds
  1. Feb 2025Series C$75M
  2. Apr 2024Series B$40M
  3. Feb 2019Series B$10M
  4. Nov 2017Series A$10M
  5. Sep 2016Seed$3M
Mage Legal rounds

No public rounds tracked yet.

Our Take

We have not tested these two head to head yet. The numbers above come from public funding announcements. If you use either one, tell us what you found and it may become a Field Note.

Quick Answers

Which has raised more, Luminance or Mage Legal?
Luminance has raised $138M in disclosed funding, compared with no disclosed amount for Mage Legal.
What is Luminance best for?
Luminance is an AI contract platform for reviewing, negotiating and analyzing contracts.
What is Mage Legal best for?
Mage Legal runs transactional diligence end to end by connecting a data room, surfacing issues, and producing schedules, memos, and closing deliverables.

Source: Legal Tech Circle funding data, from public announcements. Updated November 12, 2026.