Legal Tech Funding, Q3 2021
Every disclosed legal tech round from July 1 to September 30, 2021, from the Legal Tech Circle Funding Tracker. Free to read and cite.
By The Circle DeskData updated Nov 12, 2026
What Happened in Q3 2021
The quarter at a glance, written from the tracker's data.
- The headline. Legal tech companies raised $278M across 15 tracked rounds in Q3 2021, up 6% from Q2 2021 and up 227% from Q3 2020.
- The biggest round. ContractPodAi's $115M Series C, led by SoftBank Vision Fund 2, was the largest of the quarter. The five biggest rounds took 78% of all disclosed dollars.
- Where the money went. CLM Systems & Workflows took the largest share, 62% of dollars across 4 rounds. That is up from 30% over the previous four quarters.
- Round sizes. The median disclosed round was $10.3M, compared with $4.2M the quarter before. Seed and Series A made up 67% of rounds, and 1 round of $100M or more accounted for 41% of dollars.
- Most active investor. Insight Partners took part in 2 rounds, leading 2.
- Geography. US companies took 41% of disclosed dollars, the UK and Europe 49%, and the rest of the world 10%.
- New names. 10 companies announced their first tracked round this quarter.
The Last Eight Quarters
Disclosed dollars raised. Q3 2021 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 |
|---|---|---|---|---|---|---|
| ContractPodAi | Series C | $115M | CLM | SoftBank Vision Fund 2 | Sep 30 | Source |
| LinkSquares | Series B | $40M | CLM | Sorenson Capital | Jul 14 | Source |
| Smokeball | Undisclosed | $30M | Practice Mgmt | Sep 30 | Source | |
| Zuva | Series A | $15.8MC$20M | GenAI & Drafting | Insight Partners | Sep 29 | Source |
| Malbek | Series A | $15.3M | CLM | Noro-Moseley Partners | Sep 28 | Source |
| LawVu | Series A | $11.9MNZ$17M | Legal Ops & Spend | Insight Partners | Aug 9 | Source |
| Hanzo | Undisclosed | $10.5M | eDiscovery | Recurring Capital Partners | Sep 9 | Source |
| Jus Mundi | Undisclosed | $10M | Research & Analytics | C4 Ventures | Sep 22 | Source |
| Steno | Series A1 | $10M | eDiscovery | Trust Ventures | Sep 15 | Source |
| Regology | Series A | $8M | Compliance & Privacy | ACME Capital | 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 |
|---|---|---|---|
| Pre-seed and Seed | 4 | $5.7M | $1.7M |
| Series A | 6 | $67M | $11M |
| Series B | 1 | $40M | $40M |
| Series C | 1 | $115M | $115M |
| Other and undisclosed | 3 | $50.5M | $10.5M |
Most Active Investors
Rounds they led or joined this quarter.
- 1Insight Partners2 rounds · led 2
- 2SoftBank Vision Fund 21 round · led 1
- 3Noro-Moseley Partners1 round · led 1
- 4C4 Ventures1 round · led 1
- 5Trust Ventures1 round · led 1
- 6M121 round · led 1
- 7CRE Venture Capital1 round · led 1
- 8Recurring Capital Partners1 round · led 1
- 9Reign Ventures1 round · led 1
- 10ACME Capital1 round · led 1
Quick Answers
- How much did legal tech raise in Q3 2021?
- Legal tech companies raised $278M in disclosed funding across 15 rounds in Q3 2021, according to the Legal Tech Circle Funding Tracker.
- What was the largest legal tech funding round in Q3 2021?
- ContractPodAi raised $115M in a Series C, led by SoftBank Vision Fund 2, announced September 30, 2021.
- Which legal tech category raised the most in Q3 2021?
- CLM Systems & Workflows, with $172M across 4 rounds, 62% of the quarter's disclosed dollars.
- Who were the most active legal tech investors in Q3 2021?
- Insight Partners (2), SoftBank Vision Fund 2 (1), Noro-Moseley Partners (1), C4 Ventures (1), Trust Ventures (1).
- What was the median legal tech round size in Q3 2021?
- $10.3M across 14 rounds with disclosed amounts.
Cite this report
Legal Tech Circle. "Legal Tech Funding Report: Q3 2021." October 2021. https://legaltechcircle.com/market-signals/reports/funding-2021-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.