At a Glance
| Detail | Luminance | Newcode |
|---|---|---|
| Category | GenAI & Drafting | GenAI & Drafting |
| Total raised | $138M | $20M |
| Rounds tracked | 5 | 2 |
| Latest round | Series C, $75M · Feb 2025 | Series A, $13.5M · Aug 2026 |
| Last valuation | $100M | Not disclosed |
| Lead investors | Point72 Private Investments, March Capital, Invoke Capital, Talis Capital | OnDean Forward, The LegalTech Fund |
| Built for | In-house teams, Large firms | Large firms, Mid-size firms |
| Headquarters | United Kingdom | Norway |
Funding, Side by Side
Luminance rounds
- Feb 2025Series C$75M
- Apr 2024Series B$40M
- Feb 2019Series B$10M
- Nov 2017Series A$10M
- Sep 2016Seed$3M
Newcode rounds
- Aug 2026Series A$13.5M
- Mar 2026Seed$6.5M
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 Newcode?
- Luminance has raised $138M in disclosed funding, compared with $20M for Newcode.
- Do Luminance and Newcode share investors?
- No. None of the investors we track have backed both companies.
- What is Luminance best for?
- Luminance is an AI contract platform for reviewing, negotiating and analyzing contracts.
- What is Newcode best for?
- Newcode is a legal AI workspace that connects a law firm's knowledge, workflows and systems in one place.
Source: Legal Tech Circle funding data, from public announcements. Updated November 10, 2026.