Legal Tech Funding, Q2 2024
Every disclosed legal tech round from April 1 to June 30, 2024, from the Legal Tech Circle Funding Tracker. Free to read and cite.
By The Circle DeskData updated Nov 12, 2026
What Happened in Q2 2024
The quarter at a glance, written from the tracker's data.
- The headline. Legal tech companies raised $209M across 29 tracked rounds in Q2 2024, up 165% from Q1 2024 and up 39% from Q2 2023.
- The biggest round. Luminance's $40M Series B, led by March Capital, was the largest of the quarter. The five biggest rounds took 50% of all disclosed dollars.
- Where the money went. CLM Systems & Workflows took the largest share, 27% of dollars across 4 rounds. That is up from 9% over the previous four quarters.
- Round sizes. The median disclosed round was $4.8M, compared with $4.8M the quarter before. Seed and Series A made up 93% of rounds.
- Most active investor. Coatue took part in 2 rounds, leading 2, followed by Gradient Ventures with 2.
- Geography. US companies took 35% of disclosed dollars, the UK and Europe 52%, and the rest of the world 13%.
- New names. 24 companies announced their first tracked round this quarter.
The Last Eight Quarters
Disclosed dollars raised. Q2 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 |
|---|---|---|---|---|---|---|
| Luminance | Series B | $40M | CLM | March Capital | Apr 2 | Source |
| Norm Ai | Series A | $27M | Compliance & Privacy | Coatue | Jun 26 | Source |
| Jigsaw | Series A | $15M£12M | Knowledge Mgmt | Exor Ventures | Apr 29 | Source |
| Lawhive | Seed | $11.9M£9.5M | Practice Mgmt | GV | Apr 15 | Source |
| Alexi | Series A | $11M | Research & Analytics | Drive Capital | Jun 10 | Source |
| Legora | Seed | $10.5M | GenAI & Drafting | Benchmark | May 16 | Source |
| DeepJudge | Seed | $10M | Knowledge Mgmt | Coatue | Jun 18 | Source |
| Hona | Series A | $9.5M | Intake & Portals | Costanoa Ventures | Jun 17 | Source |
| Atticus | Undisclosed | $7.2M | GenAI & Drafting | Skip Capital, Blackbird Ventures | Jun 11 | Source |
| Definely | Series A | $7M | CLM | Octopus Ventures | May 8 | 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 | 18 | $74.4M | $3.3M |
| Series A | 9 | $87.2M | $7M |
| Series B | 1 | $40M | $40M |
| Other and undisclosed | 1 | $7.2M | $7.2M |
Most Active Investors
Rounds they led or joined this quarter.
- 1Coatue2 rounds · led 2
- 2Gradient Ventures2 rounds · led 2
- 3Innospark Ventures1 round · led 1
- 4Authentic Ventures1 round · led 1
- 5How Women Invest1 round · led 1
- 6Reign Ventures1 round · led 1
- 7Index Ventures1 round · led 1
- 8Costanoa Ventures1 round · led 1
- 9Skip Capital1 round · led 1
- 10Blackbird Ventures1 round · led 1
Quick Answers
- How much did legal tech raise in Q2 2024?
- Legal tech companies raised $209M in disclosed funding across 29 rounds in Q2 2024, according to the Legal Tech Circle Funding Tracker.
- What was the largest legal tech funding round in Q2 2024?
- Luminance raised $40M in a Series B, led by March Capital, announced April 2, 2024.
- Which legal tech category raised the most in Q2 2024?
- CLM Systems & Workflows, with $56.8M across 4 rounds, 27% of the quarter's disclosed dollars.
- Who were the most active legal tech investors in Q2 2024?
- Coatue (2), Gradient Ventures (2), Innospark Ventures (1), Authentic Ventures (1), How Women Invest (1).
- What was the median legal tech round size in Q2 2024?
- $4.8M across 29 rounds with disclosed amounts.
Cite this report
Legal Tech Circle. "Legal Tech Funding Report: Q2 2024." July 2024. https://legaltechcircle.com/market-signals/reports/funding-2024-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.