London-based Definely, an AI-powered legal tech company, has raised $30M (approximately €26.2M) in Series B funding led by growth investor Revaia, a technology investor.
With the support of major institutions, such as the European Investment Fund, Revaia helps growth-stage companies like Definely navigate their entire life cycle from Series B to IPO or buyout.
The technology investor also builds bridges between venture, private equity, and public markets and is a supportive sparring partner for entrepreneurs who are working to transform the world for the better.
Morgan Kessous, Partner, Revaia, says, “We are proud to lead Definely’s Series B and support a company that is setting the standard for AI-powered legal technology. This investment aligns perfectly with our belief in the transformative power of vertical AI. With enterprise-grade products already live and gaining strong traction, Definely is now accelerating both its AI roadmap and international expansion – a journey we are excited to support.”
Others, including Alumni Ventures, Beacon Capital, and the legal tech giant Clio, as well as early investors such as Octopus Ventures, Zrosk Investment Management, The Raine Group, and Cornerstone VC, participated in the round.
This additional funding brings the total amount raised by Definely since inception to $40M (approximately €35M).
Fund utilisation
The UK-based legaltech company will use the funding to accelerate its global expansion and AI product roadmap.
The latest fundraise will support further expansion, with key employees moving to the East Coast, where Definely has recently appointed a US-based General Manager.
The funding will also be used to further develop new and existing products with the goal of super powering legal workflows.
The announcement comes a week after launching its first agentic product, ‘Enhance.’
According to the company, the agentic AI systems have enhanced autonomy, decision-making capabilities, and adaptability.
Nnamdi Emelifeonwu, Co-Founder & CEO, Definely says, “As a business, we are deeply committed to building human-first products, leveraging generative AI not for the sake of it – but to solve real and tangible problems that lawyers face today. As a former lawyer myself, I witnessed some of these problems first-hand,”
“As a business, we have remained highly capital efficient, prioritising sustainable growth rather than growth at all costs. I believe this approach, combined with our world-class team and products, will allow us to succeed as we expand into new markets,” adds Emelifeonwu.
Definely: AI-powered legal tech company
Founded in 2017 by Nnamdi Emelifeonwu and Feargus MacDaeid, Definely is an AI-powered legal tech company that enables corporate and private practice lawyers to accurately review and edit complex contracts in seconds by seamlessly integrating into existing workflows.
The company’s platform is currently trusted by over 100 in-house legal teams and private practice firms, with thousands of users worldwide.
Definely claims to have almost tripled its annual recurring revenue (ARR) in 2024, following a rapid increase in customer growth.
Its customers include top Magic Circle and White Shoe firms, including A&O Shearman, Slaughter and May, DLA Piper, and Dentons, and in-house corporate counsel for blue-chip companies such as BT Group, Deloitte, and P&O Cruises.
The company has gained strong traction in the US market, which now accounts for 30 per cent of its revenue.
The company has a team of 84 employees, which is projected to surpass 100 in H2 2025.
