On Wednesday, generative AI-powered contract drafting and negotiation platform provider Spellbook announced that it raised $20 million in a series A funding round led by Inovia Capital. Participating in the round were existing investors Thomson Reuters Ventures, The LegalTech Fund and Moxxie Ventures, among others.
The round comes less than a year after Spellbook closed on a $10.9 million investment and announced it was rebranding from Rally Legal to Spellbook. In the month that followed, the company also announced a global educational program for law school students and faculty, and launched a generative AI-powered contract analysis solution named Spellbook Reviews.
