Legal Tech Funding, Q2 2023
Every disclosed legal tech round from April 1 to June 30, 2023, from the Legal Tech Circle Funding Tracker. Free to read and cite.
By The Circle DeskData updated Nov 12, 2026
What Happened in Q2 2023
The quarter at a glance, written from the tracker's data.
- The headline. Legal tech companies raised $150M across 9 tracked rounds in Q2 2023, up 27% from Q1 2023 and down 78% from Q2 2022.
- The biggest round. EvenUp's $50.5M Series B, led by Bessemer Venture Partners, was the largest of the quarter. The five biggest rounds took 78% of all disclosed dollars.
- Where the money went. GenAI Review, Drafting & Assistants took the largest share, 65% of dollars across 5 rounds. That is up from 3% over the previous four quarters.
- Round sizes. The median disclosed round was $11M, compared with $10.7M the quarter before. Seed and Series A made up 44% of rounds.
- Geography. US companies took 86% of disclosed dollars, the UK and Europe 6%, and the rest of the world 7%.
- New names. 5 companies announced their first tracked round this quarter.
The Last Eight Quarters
Disclosed dollars raised. Q2 2023 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 |
|---|---|---|---|---|---|---|
| EvenUp | Series B | $50.5M | GenAI & Drafting | Bessemer Venture Partners | Jun 8 | Source |
| Harvey | Series A | $21M | GenAI & Drafting | Sequoia Capital | Apr 26 | Source |
| Lexion | Series B | $20M | CLM | Point72 Ventures | Apr 19 | Source |
| Steno | Series B | $15M | eDiscovery | Left Lane Capital | May 23 | Source |
| Parrot | Series A | $11M | eDiscovery | Amplify Partners, XYZ Venture Capital | Jun 13 | Source |
| Spellbook | Undisclosed | $10.9M | GenAI & Drafting | Moxxie Ventures | May 25 | Source |
| Orbital Witness | Series A | $9.3M£7.5M | GenAI & Drafting | Parker89 | May 19 | Source |
| ECFX | Growth | $7M | eDiscovery | Growth Street Partners | Jun 21 | Source |
| DraftWise | Seed | $5M | GenAI & Drafting | EarlyBird | Jun 28 | 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 | 1 | $5M | $5M |
| Series A | 3 | $41.3M | $11M |
| Series B | 3 | $85.5M | $20M |
| Late stage | 1 | $7M | $7M |
| Other and undisclosed | 1 | $10.9M | $10.9M |
Most Active Investors
Rounds they led or joined this quarter.
- 1EarlyBird1 round · led 1
- 2Growth Street Partners1 round · led 1
- 3Amplify Partners1 round · led 1
- 4XYZ Venture Capital1 round · led 1
- 5Bessemer Venture Partners1 round · led 1
- 6Moxxie Ventures1 round · led 1
- 7Left Lane Capital1 round · led 1
- 8Parker891 round · led 1
- 9Sequoia Capital1 round · led 1
- 10Point72 Ventures1 round · led 1
Quick Answers
- How much did legal tech raise in Q2 2023?
- Legal tech companies raised $150M in disclosed funding across 9 rounds in Q2 2023, according to the Legal Tech Circle Funding Tracker.
- What was the largest legal tech funding round in Q2 2023?
- EvenUp raised $50.5M in a Series B, led by Bessemer Venture Partners, announced June 8, 2023.
- Which legal tech category raised the most in Q2 2023?
- GenAI Review, Drafting & Assistants, with $96.7M across 5 rounds, 65% of the quarter's disclosed dollars.
- Who were the most active legal tech investors in Q2 2023?
- EarlyBird (1), Growth Street Partners (1), Amplify Partners (1), XYZ Venture Capital (1), Bessemer Venture Partners (1).
- What was the median legal tech round size in Q2 2023?
- $11M across 9 rounds with disclosed amounts.
Cite this report
Legal Tech Circle. "Legal Tech Funding Report: Q2 2023." July 2023. https://legaltechcircle.com/market-signals/reports/funding-2023-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.