Total amount raised
$20.5 Millions
Latest funding date
10/01/2024
Location
Genie AI has successfully raised significant funding to enhance its AI-powered legal assistant platform, which offers features like AI legal drafting, document comparison, and contract review. The platform is designed to streamline the legal document creation and review process, making it more efficient and secure.
Keep reading to explore the intricacies of Genie AI's fundraising journey and the investors backing this innovative platform.
What Is Genie AI?
Genie AI is a leading player in the LegalTech industry, offering an AI-powered legal assistant designed to help users draft, edit, and review legal documents efficiently. The platform provides a comprehensive library of legal templates and emphasizes security and ease of use.
Founded by Rafie Faruq and Nitish Mutha, Genie AI has gained the trust of over 100,000 users and 8,000 legal teams globally. The platform is tailored to various industries and company types, making it a versatile tool for legal professionals and businesses alike.
How Much Funding Has Genie AI Raised?
- Seed Round
- Amount Raised: $1.2M
- Date: July 2019
- Lead Investors: Connect Ventures
- Grant
- Amount Raised: $800K
- Date: July 2019
- Lead Investors: UK Research and Innovation
- Grant
- Amount Raised: $200K
- Date: August 2023
- Lead Investors: Innovate UK
- Series A
- Amount Raised: $17.8M
- Date: October 2024
- Lead Investors: Google Ventures, Khosla Ventures
In total, Genie AI has raised $20M across all funding rounds.
Key Investors
- Google Ventures
- Details: Google Ventures, also known as GV, is the venture capital investment arm of Alphabet Inc. It was founded in 2009 and has since invested in a wide range of industries.
- Investment Focus Areas: Technology, healthcare, consumer products, AI, and robotics.
- Notable Investments: Uber, Slack, Medium.
- Khosla Ventures
- Details: Khosla Ventures is a venture capital firm founded by Vinod Khosla, co-founder of Sun Microsystems. The firm focuses on impactful technology investments.
- Investment Focus Areas: Clean technology, healthcare, AI, robotics, and internet.
- Notable Investments: DoorDash, Square, Impossible Foods.
- Connect Ventures
- Details: Connect Ventures is a London-based venture capital firm that invests in early-stage technology companies. They focus on product-led founders.
- Investment Focus Areas: SaaS, fintech, digital health, consumer apps.
- Notable Investments: Citymapper, Typeform, Curve.
- UK Research and Innovation
- Details: UK Research and Innovation (UKRI) is a public body funded by the UK government to support research and innovation across various sectors.
- Investment Focus Areas: Science, technology, engineering, and social sciences.
- Notable Investments: Not publicly disclosed.
- Innovate UK
- Details: Innovate UK is the UK's innovation agency, driving productivity and economic growth by funding business and research collaborations.
- Investment Focus Areas: Advanced manufacturing, digital technology, healthcare, energy.
- Notable Investments: Not publicly disclosed.
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