Definely Secures £585,000 Grant from Innovate UK
Definely, a London, UK-based startup that specializes in legal tech solutions, has secured £585,000 grant.
The grant was awarded by Innovate UK, part of UK Research and Innovation, which is the UK's innovation agency. Innovate UK supports UK businesses in growing through the development and commercialization of new products, processes, and services, backed by a robust technology ecosystem.
The company plans to use this grant to advance its development of GenAI products aimed at simplifying the process of accessing and understanding legal documents.
Launched in 2020, Definely is a LegalTech company that enhances the ease with which lawyers read, edit, and understand legal documents. The company offers a subscription-based suite of productivity solutions designed to assist lawyers during the pre-execution stage of the contract lifecycle. Headquartered in London, Definely serves a diverse clientele, including elite law firms and Fortune 500 companies, and operates across multiple continents.
Funding Details
Company: Definely
Raised: £585K
Round: Grant
Funding Month: July 2024
Lead Investor: Innovate UK
Additional Investors:
Company Website: https://www.definely.com/
Software Category: Legal