Legal Tech Funding, Q2 2022
Every disclosed legal tech round from April 1 to June 30, 2022, from the Legal Tech Circle Funding Tracker. Free to read and cite.
By The Circle DeskData updated Nov 12, 2026
What Happened in Q2 2022
The quarter at a glance, written from the tracker's data.
- The headline. Legal tech companies raised $691M across 12 tracked rounds in Q2 2022, up 120% from Q1 2022 and up 163% from Q2 2021.
- The biggest round. DiliTrust's $137M Undisclosed, led by Cathay Capital and Eurazeo, was the largest of the quarter. The five biggest rounds took 79% of all disclosed dollars.
- Where the money went. CLM Systems & Workflows took the largest share, 78% of dollars across 7 rounds. That is up from 44% over the previous four quarters.
- Round sizes. The median disclosed round was $51.5M, compared with $7M the quarter before. Seed and Series A made up 42% of rounds, and 5 rounds of $100M or more accounted for 79% of dollars.
- Geography. US companies took 59% of disclosed dollars, the UK and Europe 25%, and the rest of the world 17%.
- New names. 4 companies announced their first tracked round this quarter.
The Last Eight Quarters
Disclosed dollars raised. Q2 2022 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 |
|---|---|---|---|---|---|---|
| DiliTrust | Undisclosed | $137M€130M | CLM | Cathay Capital, Eurazeo, Sagard NewGen | May 18 | Source |
| Filevine | Series D | $108M | Practice Mgmt | StepStone Group | Apr 14 | Source |
| LegalOn Technologies | Series D | $101M¥13.7B | CLM | SoftBank Vision Fund 2 | Jun 22 | Source |
| Evisort | Series C | $100M | CLM | TCV | May 11 | Source |
| LinkSquares | Series C | $100M | CLM | G Squared | Apr 4 | Source |
| SirionLabs | Series D | $85M | CLM | Partners Group | May 10 | Source |
| Legl | Series B | $18M£14.5M | Practice Mgmt | Octopus Ventures | May 18 | Source |
| LawVu | Series A extension | $13.5MNZ$20M | Legal Ops & Spend | Insight Partners | Apr 7 | Source |
| Pocketlaw | Series A | $10.6M€10M | CLM | Atomico | May 9 | Source |
| Paladin | Series A | $8M | Practice Mgmt | World Within | May 3 | 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 | 2 | $10M | $5M |
| Series A | 3 | $32.1M | $10.6M |
| Series B | 1 | $18M | $18M |
| Series C | 2 | $200M | $100M |
| Late stage | 3 | $294M | $101M |
| Other and undisclosed | 1 | $137M | $137M |
Most Active Investors
Rounds they led or joined this quarter.
Quick Answers
- How much did legal tech raise in Q2 2022?
- Legal tech companies raised $691M in disclosed funding across 12 rounds in Q2 2022, according to the Legal Tech Circle Funding Tracker.
- What was the largest legal tech funding round in Q2 2022?
- DiliTrust raised $137M in a Undisclosed, led by Cathay Capital, Eurazeo, Sagard NewGen, announced May 18, 2022.
- Which legal tech category raised the most in Q2 2022?
- CLM Systems & Workflows, with $538M across 7 rounds, 78% of the quarter's disclosed dollars.
- Who were the most active legal tech investors in Q2 2022?
- SoftBank Vision Fund 2 (1), Octopus Ventures (1), Cathay Capital (1), Eurazeo (1), Sagard NewGen (1).
- What was the median legal tech round size in Q2 2022?
- $51.5M across 12 rounds with disclosed amounts.
Cite this report
Legal Tech Circle. "Legal Tech Funding Report: Q2 2022." July 2022. https://legaltechcircle.com/market-signals/reports/funding-2022-q2/
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.