Legal Tech Funding, Q2 2025
Every disclosed legal tech round from April 1 to June 30, 2025, from the Legal Tech Circle Funding Tracker. Free to read and cite.
By The Circle DeskData updated Nov 12, 2026
What Happened in Q2 2025
The quarter at a glance, written from the tracker's data.
- The headline. Legal tech companies raised $779M across 29 tracked rounds in Q2 2025, down 8% from Q1 2025 and up 273% from Q2 2024.
- The biggest round. Harvey's $300M Series E, led by Kleiner Perkins and Coatue, was the largest of the quarter. The five biggest rounds took 81% of all disclosed dollars.
- Where the money went. GenAI Review, Drafting & Assistants took the largest share, 77% of dollars across 16 rounds. That is up from 36% over the previous four quarters.
- Round sizes. The median disclosed round was $4.2M, compared with $6.4M the quarter before. Seed and Series A made up 69% of rounds, and 2 rounds of $100M or more accounted for 51% of dollars.
- Most active investor. Sequoia Capital took part in 3 rounds, leading 2, followed by Index Ventures with 2.
- Geography. US companies took 65% of disclosed dollars, the UK and Europe 33%, and the rest of the world 2%.
- New names. 17 companies announced their first tracked round this quarter.
The Last Eight Quarters
Disclosed dollars raised. Q2 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 E | $300M | GenAI & Drafting | Kleiner Perkins, Coatue | Jun 23 | Source |
| Laurel | Series C | $100M | Practice Mgmt | IVP | Jun 10 | Source |
| Noxtua SE | Series B | $92.2M€81.2M | GenAI & Drafting | C.H.Beck | Apr 22 | Source |
| Legora | Series B | $80M | GenAI & Drafting | ICONIQ, General Catalyst | May 21 | Source |
| Supio | Series B | $60M | GenAI & Drafting | Sapphire Ventures | Apr 30 | Source |
| Definely | Series B | $30M | CLM | Revaia | Jun 9 | Source |
| Wordsmith | Series A | $25M | GenAI & Drafting | Index Ventures | Jun 3 | Source |
| Solve Intelligence | Series A | $12M | IP | 20VC | Apr 9 | Source |
| Flank | Series A | $10M | GenAI & Drafting | Insight Partners | Jun 5 | Source |
| Lisse Co., Ltd. (株式会社リセ) | Series C | $8M¥1.14B | CLM | MPower Partners Fund | Apr 23 | 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 | 16 | $53.5M | $3.2M |
| Series A | 4 | $47M | $12M |
| Series B | 4 | $262M | $70M |
| Series C | 2 | $108M | $54M |
| Late stage | 2 | $304M | $152M |
| Other and undisclosed | 1 | $4.7M | $4.7M |
Most Active Investors
Rounds they led or joined this quarter.
Quick Answers
- How much did legal tech raise in Q2 2025?
- Legal tech companies raised $779M in disclosed funding across 29 rounds in Q2 2025, according to the Legal Tech Circle Funding Tracker.
- What was the largest legal tech funding round in Q2 2025?
- Harvey raised $300M in a Series E, led by Kleiner Perkins, Coatue, announced June 23, 2025.
- Which legal tech category raised the most in Q2 2025?
- GenAI Review, Drafting & Assistants, with $599M across 16 rounds, 77% of the quarter's disclosed dollars.
- Who were the most active legal tech investors in Q2 2025?
- Sequoia Capital (3), Index Ventures (2), GV (2), Thomson Reuters Ventures (2), Kleiner Perkins (1).
- What was the median legal tech round size in Q2 2025?
- $4.2M across 28 rounds with disclosed amounts.
Cite this report
Legal Tech Circle. "Legal Tech Funding Report: Q2 2025." July 2025. https://legaltechcircle.com/market-signals/reports/funding-2025-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.