GenieAI Raises $17.8 Million to build Agentic Legal AI

GenieAI raised $17.8 million (£13.3 million) in Series A funding, led by GV (Google Ventures) and joined by Khosla Ventures (early investors in OpenAI). This round brings GenieAI's total funding to over $20 million (£15 million), building on previous government grants and seed funding led by Connect Ventures. The capital goes toward GenieAI's agentic legal AI for drafting, reviewing, and negotiating contracts.

We're thrilled to share this news with our GenieAI community. Below is what the raise covers, who's behind it, and what it means for how you get contracts done.

What This Means for You

With this new funding, we're set to take our agentic legal editor to the next level. Here's how this will benefit you:

1. More Customized & Comprehensive AI Drafting: Genie can now draft fully personalized, professionally formatted 50+ page agreements across major global jurisdictions in minutes, not weeks, taking into account your business context.
2. Enhanced AI Document Risk Review: Our risk review feature detects issues, explains them, and suggests changes, giving you an extra layer of security. Rated 92% accurate by over 170 lawyers.
3. Proven Success: Over 100,000 companies, including 11 FTSE100 companies and 20 Global200 law firms, trust Genie across 120+ jurisdictions.
4. Time and Cost Savings: Get 80% of your drafting or reviewing done in just 5 minutes, saving an average of 5 hours per week or up to $85,020 / £72,800 per year per attorney.

The Series A Round in Detail

The $17.8 million Series A was led by GV (Google Ventures), with participation from Khosla Ventures. Here's a quick reference for the numbers behind the raise:

• Series A amount: $17.8 million (£13.3 million)
• Lead investor: GV (Google Ventures)
• Participating investor: Khosla Ventures (early investors in OpenAI)
• Total funding to date: over $20 million (£15 million)
• Earlier backing: government grants and seed funding led by Connect Ventures
• Use of funds: expanding GenieAI's agentic legal AI for drafting, reviewing, and negotiating contracts, and growing in the US and internationally

Our Vision for the Future

My co-founder Nitish and I created Genie with a clear goal: to reduce legal friction and enhance global economic efficiency. We understand that contracts are the backbone of business transactions, and we're here to make that process smoother than ever.

The goal for commercial teams remains the same. Control legal risk under time and cost pressure. Genie helps these teams turn around documents faster than ever, a result of 8 years developing generative AI (starting from my MSc Machine Learning thesis in Generative AI 8 years ago) and a fully docx-compatible legal document editor. Our Agentic AI can complete entire workflows when creating, reviewing and negotiating documents, not just generating text. You can see the range in our contract template library, from NDAs to service agreements.

What Our Investors Are Saying

Our vision has resonated with some of the biggest names in venture capital:

"Genie is changing the way businesses all over the world transact." Vidu Shanmugarajah, Partner at GV

Behind the Scenes: Here's a short interview with Vidu, Partner at Google Ventures explaining why they chose to invest in GenieAI

"AI is already rapidly transforming industries, and legal is one of the areas that will benefit from this technology." Kanu Gulati, Partner at Khosla Ventures

Join the Legal AI Revolution

With Genie, you're joining a movement to transform legal drafting. Our technology has the backing of leading figures in machine learning and law, including Professor Jun Wang (Explainable AI) and Lord Neuberger (President of the Supreme Court of the United Kingdom from 2012 to 2017).

First-hand data from our users report the following jaw-dropping numbers

Average time saved per document: On average, users save 3.32 hours per document.

Average percentage completion in 5 minutes: On average, users report getting to 72% completion of their documents with Genie.

The average total time saved per person per year is approximately 369.47 hours when using GenieAI.

What's Next for GenieAI?

This funding round is just the beginning. We're excited to share our roadmap for the coming months:

1. We'll be expanding on our Agentic AI editor, creating legal workflows you can't get on Microsoft Word. If you're still on Word, you're missing out!
2. We'll be expanding our growing customer base in the USA and internationally making GenieAI the global legal drafting platform.
3. We'll be researching the next phase of AI powered applications, because it doesn't end with today's generative AI.

We're incredibly grateful for the support of our users, investors, and team members who have made this milestone possible. As we embark on this next chapter, we're more committed than ever to our mission of making legal drafting faster, safer, and more efficient for everyone.

Lastly, you can sign up and try Genie for free. Go and give it a go!