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Namdi Emelifeonwu is always interested in the colleague Feargus Macdaeid, one of several registered blind lawyers in my colleague, colleague Freshfields.
When asked how much it would make his life easier, the answer was: “Help me to change definitions in complex contracts without losing the context.” It realized that Macdaeid’s request would be useful for each lawyer.
Thus, in 2017, Emelifeonvu and Macdaeid came together, the AI legal technological start, which allows lawyers to review and edit more complex contracts.
The company in the UK has announced a $ 30 million series from Europe and North American investors, including Revaia, graduates and Beacon capital. Had before The last May raised the $ 7 million series.
It offers a productivity set to make a definitive legitimate compilation and review process. The document has a project feature that allows lawyers to read contracts and failure to definitions and concepts of the lawyers; There is a vault that allows users to enter paragraphs with one click; The EU has an evidence that uses to check incompatibility and broken references and has a PDF feature that users collect and analyze scanned legal documents.
“We are looking forward to this opportunity, we increase these opportunities with the EU system,” said Emelifeonwu, Microsoft said it was AI agents working with Microsoft Word. “These agents cooperate for work, review, reviewing, reviewing, reviewing, reviewing, research, work for their prepared legal experts.”
Emelifeonwu this time described the process of fundraising as “difficult” this time.
“The second day [word] be awarded, “he said.
The company got acquainted with the lead investor, Revaiya and entrance. The remaining investors came directly to the company. “We did not appeal to an investor during a series B.”
Fresh capital, the company will expand the United States, and now it will be used for 30% of the company’s revenues. He also hopes to invest more in the AI space and hire more employees.
In this way, others are working in the field of legal contract, Robin Ai and ContractPodai.
An Nigerian immigrant emelifeonwu in the UK, because he was a child, he said he dreamed of being a lawyer, but once he hit the spirit of entrepreneurship. “I always had ideas and explored a few, but when the right idea emerges, I knew I was hit directly to the difficulties I found as a lawyer,” he said.
The black founders understand the importance of such a large tour when the annual enterprise does not take into account the most part of the annual enterprise.
“By growing fresh equity and truly a global job, it is a personal stage, both, and I hope a signal is possible,” he said. “I want to inspire the next wave of builders who are very potential to create a continuous impact, but to create a continuous impact.”
