Wordsmith Extends Series B With $14M for Legal AI

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Wordsmith has secured $14 million in a Series B extension, taking the full Series B to $84 million. Intact Private Capital and FT Ventures are new to the cap table, with follow on investment from existing shareholders Highland Europe and Index Ventures.

The Edinburgh company, in the UK, builds an AI native operating platform for in house legal departments. Its software handles routine intake, contract review and internal legal requests, which lets corporate teams keep more work in house and spend less on outside counsel.

That focus is a deliberate one. Wordsmith sells to corporate legal departments rather than to law firms, which puts it on the opposite side of the same transaction from most legal technology vendors.

Growth has been steep. The company reports a fourteen fold year on year revenue increase and more than 500 enterprise clients, among them BT, Sage, Starling Bank, Canva and the Financial Times.

Ross McNairn, Volodymyr Giginiak and Robbie Falkenthal founded the company in 2023 and serve as chief executive, chief technology officer and chief operating officer.

The extension funds a deeper presence in North America, where demand from enterprise legal teams is picking up, and a stronger position in financial services and insurance.