Legal Tech Funding, Q1 2024
Every disclosed legal tech round from January 1 to March 31, 2024, from the Legal Tech Circle Funding Tracker. Free to read and cite.
By The Circle DeskData updated Nov 13, 2026
What Happened in Q1 2024
The quarter at a glance, written from the tracker's data.
- The headline. Legal tech companies raised $78.9M across 8 tracked rounds in Q1 2024, down 39% from Q4 2023 and down 33% from Q1 2023.
- The biggest round. Robin AI's $26M Series B, led by Temasek, 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, 84% of dollars across 3 rounds. That is up from 42% over the previous four quarters.
- Round sizes. The median disclosed round was $4.8M, compared with $11.9M the quarter before. Seed and Series A made up 88% of rounds.
- Most active investor. Inovia Capital took part in 2 rounds, leading 1, followed by The LegalTech Fund with 2.
- Geography. US companies took 37% of disclosed dollars, the UK and Europe 35%, and the rest of the world 28%.
- New names. 5 companies announced their first tracked round this quarter.
The Last Eight Quarters
Disclosed dollars raised. Q1 2024 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 |
|---|---|---|---|---|---|---|
| Robin AI | Series B | $26M | GenAI & Drafting | Temasek | Jan 3 | Source |
| DraftWise | Series A | $20M | GenAI & Drafting | Index Ventures | Mar 14 | Source |
| Spellbook | Series A | $20M | GenAI & Drafting | Inovia Capital | Jan 24 | Source |
| SingleFile | Seed extension | $6.5M | Compliance & Privacy | Foundry Group | Mar 19 | Source |
| Beagle | Seed | $3M | eDiscovery | ML Capital | Feb 5 | Source |
| Bench IQ | Pre-Seed | $2.1MC$2.8M | Research & Analytics | Maple VC, Haystack | Feb 29 | Source |
| Crespect | Seed | $757K€700K | Practice Mgmt | Mar 1 | Source | |
| Lexroom | Pre-Seed | $544K€500K | Research & Analytics | Jan 16 | 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 | 5 | $12.9M | $2.1M |
| Series A | 2 | $40M | $20M |
| Series B | 1 | $26M | $26M |
Most Active Investors
Rounds they led or joined this quarter.
Quick Answers
- How much did legal tech raise in Q1 2024?
- Legal tech companies raised $78.9M in disclosed funding across 8 rounds in Q1 2024, according to the Legal Tech Circle Funding Tracker.
- What was the largest legal tech funding round in Q1 2024?
- Robin AI raised $26M in a Series B, led by Temasek, announced January 3, 2024.
- Which legal tech category raised the most in Q1 2024?
- GenAI Review, Drafting & Assistants, with $66M across 3 rounds, 84% of the quarter's disclosed dollars.
- Who were the most active legal tech investors in Q1 2024?
- Inovia Capital (2), The LegalTech Fund (2), Wilson Sonsini (2), Fenwick & West (2), Cooley (2).
- What was the median legal tech round size in Q1 2024?
- $4.8M across 8 rounds with disclosed amounts.
Cite this report
Legal Tech Circle. "Legal Tech Funding Report: Q1 2024." April 2024. https://legaltechcircle.com/market-signals/reports/funding-2024-q1/
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.