Ghent, Belgium-based LegalFly, a legal AI platform, announced on Monday that it has raised over €15M in Series A funding led by Notion Capital, with participation from redalpine and Fortino Capital.
The company will use the investment to accelerate its growth plan, tripling its current team by year’s end and upgrading feature development.
The funding will also support the company’s continued expansion across Europe and enhance its partnerships with law firms and enterprises,
The announcement comes after securing €2M in a seed round led by redalpine.
“LegalFly is redefining how legal services are delivered, ensuring they are more accessible within a corporate environment while upholding the highest standards of security and efficiency,” states Ruben Miessen, CEO of LegalFly.
“This investment enables us to scale our operations and innovate further, driving forward the digital transformation in legal services that our clients require globally,” adds Miessen.
LegalFly: Democratising legal services
LegalFly was founded in 2023 by a team of former product experts from Tinder — Ruben Miessen, Kasper Verbeeck, Dennis Montégnies, and Gregory Vekemans — to democratise legal services for enterprises.
The company’s AI solution automates a broad spectrum of the more repetitive legal tasks, translating legalese to ease.
The Belgian company uses an on-premise anonymisation approach to ensure that sensitive client data never leaves a company’s premises.
This is achieved through a finely tuned model that secures the data before it reaches the LLMs.
In addition, the Belgian company employs an LLM-agnostic platform to select the best foundational models for each legal scenario, thereby enhancing both product efficacy and security.
Today, LegalFly works with dozens of European law firms and enterprises as customers and has forged strategic partnerships with industry giants such as Slaughter & May and Allianz.
The investor
Notion Capital is a European B2B SaaS and Cloud VC with more than $1B in assets under management and with more than 100 investments to date.
The Notion team founded, built, and exited two highly successful SaaS businesses – Star and MessageLabs – and invests exclusively in exceptional founders with the ambition to build global category leaders.
The Notion portfolio includes GoCardless, Mews, Paddle, Unbabel and YuLife.
“The legal industry is a perfect fit for AI. We have been looking at investing in the market for some time and in LegalFly we are very confident that they will be one of the enduring success stories,” says Jos White, General Partner at Notion Capital.
“The super-talented team has a clear vision for the future and has already built a market-leading product. The true test of this is the way it’s being received in the market which has been nothing short of amazing after only a year,” says White.
redalpine is a Swiss venture capital firm that brings together financial investment, operational expertise, and a vast international network to help ambitious entrepreneurs transform their vision into a reality.
With over €1B in assets under management and a sector-agnostic investment strategy, the firm has backed some of Europe’s most disruptive companies, including N26, Taxfix, Inkitt, 9fin, Carvolution, Zenjob, vivenu, and Umiami.
redalpine has over 85 companies in its portfolio and invests Europe-wide from its offices in Zurich and Berlin.
“LegalFly’s rapid ascent showcases their exceptional vision and execution, solidifying their product leadership in the Legal AI space. Their unique focus on enterprise-grade security and an LLM-agnostic platform not only meets a critical industry need but also drives their continuous expansion and innovation. Transforming legal services with secure, AI-driven solutions, we are proud to have led their seed round and to witness their robust and sustained growth.” says Sebastian Becker, General Partner at redalpine.
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