Legal Tech Funding, Q1 2025
Every disclosed legal tech round from January 1 to March 31, 2025, from the Legal Tech Circle Funding Tracker. Free to read and cite.
By The Circle DeskData updated Nov 13, 2026
What Happened in Q1 2025
The quarter at a glance, written from the tracker's data.
- The headline. Legal tech companies raised $848M across 32 tracked rounds in Q1 2025, up 168% from Q4 2024 and up 975% from Q1 2024.
- The biggest round. Harvey's $300M Series D, led by Sequoia Capital, was the largest of the quarter. The five biggest rounds took 69% of all disclosed dollars.
- Where the money went. GenAI Review, Drafting & Assistants took the largest share, 58% of dollars across 12 rounds. That is up from 27% over the previous four quarters.
- Round sizes. The median disclosed round was $6.4M, compared with $5.3M the quarter before. Seed and Series A made up 69% of rounds, and 2 rounds of $100M or more accounted for 48% of dollars.
- Most active investor. Fuel Ventures took part in 3 rounds, leading 3, followed by Entourage with 2.
- Geography. US companies took 82% of disclosed dollars, the UK and Europe 17%, and the rest of the world 2%.
- New names. 20 companies announced their first tracked round this quarter.
The Last Eight Quarters
Disclosed dollars raised. Q1 2025 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 D | $300M | GenAI & Drafting | Sequoia Capital | Feb 12 | Source |
| Eudia | Series A | $105M | GenAI & Drafting | General Catalyst | Feb 13 | Source |
| Luminance | Series C | $75M | CLM | Point72 Private Investments | Feb 18 | Source |
| SpotDraft | Series B | $54M | CLM | Vertex Growth Singapore, Trident Growth Partners | Feb 12 | Source |
| Icertis | Growth Equity | $50M | CLM | Mar 19 | Source | |
| Norm Ai | Undisclosed | $48M | Compliance & Privacy | Mar 11 | Source | |
| Eve | Series A | $47M | GenAI & Drafting | Andreessen Horowitz (a16z) | Jan 16 | Source |
| Tomorro | Series B | $27M€25M | CLM | XAnge, Acton Capital | Mar 31 | Source |
| Paxton | Series A | $22M | GenAI & Drafting | Unusual Ventures | Jan 29 | Source |
| Ivo | Series A | $16M | CLM | Costanoa Ventures | Feb 5 | 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 | 14 | $39.6M | $2.1M |
| Series A | 8 | $236M | $15.5M |
| Series B | 3 | $87.8M | $27M |
| Series C | 1 | $75M | $75M |
| Late stage | 2 | $350M | $175M |
| Other and undisclosed | 4 | $59.8M | $5.3M |
Most Active Investors
Rounds they led or joined this quarter.
Quick Answers
- How much did legal tech raise in Q1 2025?
- Legal tech companies raised $848M in disclosed funding across 32 rounds in Q1 2025, according to the Legal Tech Circle Funding Tracker.
- What was the largest legal tech funding round in Q1 2025?
- Harvey raised $300M in a Series D, led by Sequoia Capital, announced February 12, 2025.
- Which legal tech category raised the most in Q1 2025?
- GenAI Review, Drafting & Assistants, with $495M across 12 rounds, 58% of the quarter's disclosed dollars.
- Who were the most active legal tech investors in Q1 2025?
- Fuel Ventures (3), Entourage (2), Resonance (2), The LegalTech Fund (2), Coatue (2).
- What was the median legal tech round size in Q1 2025?
- $6.4M across 32 rounds with disclosed amounts.
Cite this report
Legal Tech Circle. "Legal Tech Funding Report: Q1 2025." April 2025. https://legaltechcircle.com/market-signals/reports/funding-2025-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.