Irish co-founded legal-tech Wordsmith extends Series B to $84m
Legal-tech startup Wordsmith has extended its Series B funding round to $84 million to fuel global expansion.Summary
Wordsmith, an AI-powered legal-tech company co-founded by Dublin-born Robbie Falkenthal, has extended its Series B funding round to $84 million. The $14 million extension was led by Toronto-based Intact Private Capital, with participation from existing investors Highland Europe and Index Ventures, and new shareholder FT Ventures.
Headquartered in New York, Wordsmith provides an AI platform that assists in-house legal teams with routine tasks. The company serves major clients such as Canva, BT, Trip.com, FT, and Trustpilot. Following a 14-fold year-over-year revenue growth, the company plans to expand its global workforce from 130 to 300 employees by the end of the year.
The capital injection is intended to deepen Wordsmith's presence in North America and support potential expansion into a new Irish office. The leadership team includes CEO Ross McNairn and CTO Volodymyr Giginiak, focusing on providing scalable, auditable legal infrastructure for highly regulated enterprise environments.
(Source：Siliconrepublic.com)