Legal Tech Funding, Q4 2023
Every disclosed legal tech round from October 1 to December 31, 2023, from the Legal Tech Circle Funding Tracker. Free to read and cite.
By The Circle DeskData updated Nov 12, 2026
What Happened in Q4 2023
The quarter at a glance, written from the tracker's data.
- The headline. Legal tech companies raised $130M across 7 tracked rounds in Q4 2023, up 60% from Q3 2023 and up 192% from Q4 2022.
- The biggest round. Harvey's $80M Series B, led by Elad Gil and Kleiner Perkins, was the largest of the quarter. The five biggest rounds took 96% of all disclosed dollars.
- Where the money went. GenAI Review, Drafting & Assistants took the largest share, 74% of dollars across 3 rounds. That is up from 33% over the previous four quarters.
- Round sizes. The median disclosed round was $11.9M, compared with $6.3M the quarter before. Seed and Series A made up 71% of rounds.
- Geography. US companies took 87% of disclosed dollars, the UK and Europe 13%, and the rest of the world 0%.
- New names. 6 companies announced their first tracked round this quarter.
The Last Eight Quarters
Disclosed dollars raised. Q4 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 |
|---|---|---|---|---|---|---|
| Harvey | Series B | $80M | GenAI & Drafting | Elad Gil, Kleiner Perkins | Dec 19 | Source |
| LegalMation | Series A | $15M | eDiscovery | Aquiline Technology Growth | Oct 25 | Source |
| Eve | Seed | $14M | GenAI & Drafting | Lightspeed Venture Partners, Menlo Ventures | Oct 25 | Source |
| Tomorro | Undisclosed | $11.9M€11M | CLM | Resonance | Dec 7 | Source |
| Tradespace | Seed | $4.2M | IP | Eniac Ventures | Nov 15 | Source |
| Solve Intelligence | Seed | $3M | IP | Nov 28 | Source | |
| LegalFly | Seed | $2.2M€2M | GenAI & Drafting | Redalpine | Nov 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 | 4 | $23.4M | $3.6M |
| Series A | 1 | $15M | $15M |
| Series B | 1 | $80M | $80M |
| Other and undisclosed | 1 | $11.9M | $11.9M |
Most Active Investors
Rounds they led or joined this quarter.
- 1Elad Gil1 round · led 1
- 2Kleiner Perkins1 round · led 1
- 3Resonance1 round · led 1
- 4Redalpine1 round · led 1
- 5Eniac Ventures1 round · led 1
- 6Lightspeed Venture Partners1 round · led 1
- 7Menlo Ventures1 round · led 1
- 8Aquiline Technology Growth1 round · led 1
- 9OpenAI Startup Fund1 round
- 10Sequoia Capital1 round
Quick Answers
- How much did legal tech raise in Q4 2023?
- Legal tech companies raised $130M in disclosed funding across 7 rounds in Q4 2023, according to the Legal Tech Circle Funding Tracker.
- What was the largest legal tech funding round in Q4 2023?
- Harvey raised $80M in a Series B, led by Elad Gil, Kleiner Perkins, announced December 19, 2023.
- Which legal tech category raised the most in Q4 2023?
- GenAI Review, Drafting & Assistants, with $96.2M across 3 rounds, 74% of the quarter's disclosed dollars.
- Who were the most active legal tech investors in Q4 2023?
- Elad Gil (1), Kleiner Perkins (1), Resonance (1), Redalpine (1), Eniac Ventures (1).
- What was the median legal tech round size in Q4 2023?
- $11.9M across 7 rounds with disclosed amounts.
Cite this report
Legal Tech Circle. "Legal Tech Funding Report: Q4 2023." January 2024. https://legaltechcircle.com/market-signals/reports/funding-2023-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.