Legal Tech Funding, Q4 2025
Every disclosed legal tech round from October 1 to December 31, 2025, from the Legal Tech Circle Funding Tracker. Free to read and cite.
By The Circle DeskData updated Nov 12, 2026
What Happened in Q4 2025
The quarter at a glance, written from the tracker's data.
- The headline. Legal tech companies raised $1.4B across 40 tracked rounds in Q4 2025, up 59% from Q3 2025 and up 342% from Q4 2024.
- The biggest round. Clio's $500M Series G, led by New Enterprise Associates, was the largest of the quarter. The five biggest rounds took 73% of all disclosed dollars.
- Where the money went. GenAI Review, Drafting & Assistants took the largest share, 50% of dollars across 20 rounds. Practice / Matter Management gained the most ground: 38% of dollars, against 23% over the previous four quarters.
- Round sizes. The median disclosed round was $5.3M, compared with $7M the quarter before. Seed and Series A made up 68% of rounds, and 4 rounds of $100M or more accounted for 69% of dollars.
- Most active investor. Y Combinator took part in 4 rounds, followed by Bessemer Venture Partners with 2.
- Geography. US companies took 40% of disclosed dollars, the UK and Europe 18%, and the rest of the world 43%.
- New names. 22 companies announced their first tracked round this quarter.
The Last Eight Quarters
Disclosed dollars raised. Q4 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 |
|---|---|---|---|---|---|---|
| Clio | Series G | $500M | Practice Mgmt | New Enterprise Associates | Nov 10 | Source |
| Harvey | Series F | $160M | GenAI & Drafting | Andreessen Horowitz | Dec 4 | Source |
| Legora | Series C | $150M | GenAI & Drafting | Bessemer Venture Partners | Oct 30 | Source |
| EvenUp | Series E | $150M | GenAI & Drafting | Bessemer Venture Partners | Oct 7 | Source |
| GC AI | Series B | $60M | GenAI & Drafting | Scale Venture Partners, Northzone | Nov 7 | Source |
| Harvey | Series E extension | $58.4M€50M | GenAI & Drafting | EQT Growth | Oct 6 | Source |
| Spellbook | Series B | $50M | GenAI & Drafting | Khosla Ventures | Oct 9 | Source |
| DeepJudge | Series A | $41.2M | Research & Analytics | Felicis | Nov 4 | Source |
| Solve Intelligence | Series B | $40M | IP | Visionaries Club, 20VC | Dec 9 | Source |
| Syllo | Growth Equity | $30M | eDiscovery | Oct 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 | 22 | $69.1M | $3M |
| Series A | 5 | $93.3M | $20M |
| Series B | 6 | $184M | $31.5M |
| Series C | 1 | $150M | $150M |
| Late stage | 6 | $902M | $104M |
Most Active Investors
Rounds they led or joined this quarter.
Quick Answers
- How much did legal tech raise in Q4 2025?
- Legal tech companies raised $1.4B in disclosed funding across 40 rounds in Q4 2025, according to the Legal Tech Circle Funding Tracker.
- What was the largest legal tech funding round in Q4 2025?
- Clio raised $500M in a Series G, led by New Enterprise Associates, announced November 10, 2025.
- Which legal tech category raised the most in Q4 2025?
- GenAI Review, Drafting & Assistants, with $694M across 20 rounds, 50% of the quarter's disclosed dollars.
- Who were the most active legal tech investors in Q4 2025?
- Y Combinator (4), Bessemer Venture Partners (2), Index Ventures (2), 20VC (2), Moxxie Ventures (2).
- What was the median legal tech round size in Q4 2025?
- $5.3M across 39 rounds with disclosed amounts.
Cite this report
Legal Tech Circle. "Legal Tech Funding Report: Q4 2025." January 2026. https://legaltechcircle.com/market-signals/reports/funding-2025-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.