Legal Tech Funding, Q3 2018
Every disclosed legal tech round from July 1 to September 30, 2018, from the Legal Tech Circle Funding Tracker. Free to read and cite.
By The Circle DeskData updated Nov 12, 2026
What Happened in Q3 2018
The quarter at a glance, written from the tracker's data.
- The headline. Legal tech companies raised $65.5M across 4 tracked rounds in Q3 2018, down 50% from Q2 2018 and up 719% from Q3 2017.
- The biggest round. Kira Systems's $50M Series A, led by Insight Partners, 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, 76% of dollars across 1 round. That is up from 9% over the previous four quarters.
- Round sizes. The median disclosed round was $7M, compared with $21M the quarter before. Seed and Series A made up 50% of rounds.
- Geography. US companies took 0% of disclosed dollars, the UK and Europe 21%, and the rest of the world 79%.
- New names. 3 companies announced their first tracked round this quarter.
The Last Eight Quarters
Disclosed dollars raised. Q3 2018 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 |
|---|---|---|---|---|---|---|
| Kira Systems | Series A | $50M | GenAI & Drafting | Insight Venture Partners | Sep 5 | Source |
| Apperio | Series A | $10M£7.5M | Legal Ops & Spend | Draper Esprit | Aug 28 | Source |
| Clarilis | Undisclosed | $4M£3.1M | Doc Automation | NVM Private Equity | Jul 19 | Source |
| Legaler | Undisclosed | $1.5M | Practice Mgmt | MasterNode Ventures | Aug 20 | 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 | $60M | $30M |
| Other and undisclosed | 2 | $5.5M | $2.8M |
Most Active Investors
Rounds they led or joined this quarter.
Quick Answers
- How much did legal tech raise in Q3 2018?
- Legal tech companies raised $65.5M in disclosed funding across 4 rounds in Q3 2018, according to the Legal Tech Circle Funding Tracker.
- What was the largest legal tech funding round in Q3 2018?
- Kira Systems raised $50M in a Series A, led by Insight Venture Partners, announced September 5, 2018.
- Which legal tech category raised the most in Q3 2018?
- GenAI Review, Drafting & Assistants, with $50M across 1 rounds, 76% of the quarter's disclosed dollars.
- Who were the most active legal tech investors in Q3 2018?
- Insight Partners (1), Draper Esprit (1), MasterNode Ventures (1), NVM Private Equity (1), Notion Capital (1).
- What was the median legal tech round size in Q3 2018?
- $7M across 4 rounds with disclosed amounts.
Cite this report
Legal Tech Circle. "Legal Tech Funding Report: Q3 2018." October 2018. https://legaltechcircle.com/market-signals/reports/funding-2018-q3/
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.