Legal Tech Funding, Q4 2017
Every disclosed legal tech round from October 1 to December 31, 2017, from the Legal Tech Circle Funding Tracker. Free to read and cite.
By The Circle DeskData updated Nov 12, 2026
What Happened in Q4 2017
The quarter at a glance, written from the tracker's data.
- The headline. Legal tech companies raised $24.1M across 4 tracked rounds in Q4 2017, up 201% from Q3 2017 and up 192% from Q4 2016.
- The biggest round. Luminance's $10M Series A, led by Talis Capital, was the largest of the quarter. The five biggest rounds took 100% of all disclosed dollars.
- Where the money went. GenAI Review, Drafting & Assistants took the largest share, 49% of dollars across 2 rounds. That is up from 12% over the previous four quarters.
- Round sizes. The median disclosed round was $6.1M, compared with $8M the quarter before. Seed and Series A made up 50% of rounds.
- Geography. US companies took 44% of disclosed dollars, the UK and Europe 56%, and the rest of the world 0%.
- New names. 2 companies announced their first tracked round this quarter.
The Last Eight Quarters
Disclosed dollars raised. Q4 2017 highlighted.
Month by Month
Dollars and rounds in each month of the quarter.
By Region
Dollars raised this quarter, by headquarters.
US vs Europe, by Quarter
The last eight quarters. Europe includes the UK.
The Ten Biggest Rounds
Disclosed amounts. Click a company for its full history.
| Company | Stage | Amount | Category | Lead | Date | Source |
|---|---|---|---|---|---|---|
| Luminance | Series A | $10M | GenAI & Drafting | Talis Capital | Nov 29 | Source |
| ROSS Intelligence | Series A | $8.7M | Research & Analytics | iNovia Capital | Oct 11 | Source |
| TrademarkNow | Undisclosed | $3.5M€3M | IP | Karma Ventures, Balderton Capital, Montiko | Oct 3 | Source |
| LegalSifter | Undisclosed | $1.9M | GenAI & Drafting | Dec 7 | Source |
By Category
Share of the quarter's dollars, against the previous four quarters.
By Stage
Rounds, dollars and the median round at each stage.
| Stage | Rounds | Raised | Median |
|---|---|---|---|
| Series A | 2 | $18.7M | $9.4M |
| Other and undisclosed | 2 | $5.4M | $2.7M |
Most Active Investors
Rounds they led or joined this quarter.
Quick Answers
- How much did legal tech raise in Q4 2017?
- Legal tech companies raised $24.1M in disclosed funding across 4 rounds in Q4 2017, according to the Legal Tech Circle Funding Tracker.
- What was the largest legal tech funding round in Q4 2017?
- Luminance raised $10M in a Series A, led by Talis Capital, announced November 29, 2017.
- Which legal tech category raised the most in Q4 2017?
- GenAI Review, Drafting & Assistants, with $11.9M across 2 rounds, 49% of the quarter's disclosed dollars.
- Who were the most active legal tech investors in Q4 2017?
- Talis Capital (1), iNovia Capital (1), Karma Ventures (1), Balderton Capital (1), Montiko (1).
- What was the median legal tech round size in Q4 2017?
- $6.1M across 4 rounds with disclosed amounts.
Cite this report
Legal Tech Circle. "Legal Tech Funding Report: Q4 2017." January 2018. https://legaltechcircle.com/market-signals/reports/funding-2017-q4/
How we count
Rounds come from public announcements, each linked to its source on the Funding Tracker. Equity rounds only: debt, acquisitions and IPOs are left out. A round with no disclosed amount counts toward rounds but not dollars. Figures can change if a round is corrected or announced late. Spot something missing? Tell us. Full methodology.