Ctrl AI Secures Investment for Mishcon de Reya Spinout
Deal News | Feb 14, 2025 | Business Cloud
LegalTech startup Ctrl AI has successfully spun out from its parent company, Mishcon de Reya, following a pre-seed investment. This development marks the second spinout from Mishcon de Reya, demonstrating the law firm's continued commitment to fostering innovation within the legal technology sector. Ctrl AI, which focuses on Agentic AI, is geared towards enhancing the efficiency of in-house legal teams at large and medium-sized enterprises by providing solutions for data-intensive and high-volume tasks. The startup has already attracted attention and support from senior figures in legal innovation, with plans for US expansion. Under the leadership of CEO Anup Kollanethu, Ctrl AI aims to deliver measurable value and improve strategic clarity for corporate legal departments. Mishcon de Reya's managing partner, James Lisbon, expressed confidence in the transformative potential of Ctrl AI's solutions for the legal market.
Sectors
- LegalTech
- Artificial Intelligence
Geography
- United Kingdom – Mishcon de Reya, the parent company of Ctrl AI and a major player in the spinout, is based in the UK.
- United States – The article mentions Ctrl AI's plans for US expansion following the investment.
Industry
- LegalTech – The article focuses on the LegalTech industry, highlighting innovations in legal operations and technology-driven solutions for legal teams.
- Artificial Intelligence – Ctrl AI is centered around Agentic AI solutions to enhance the operational efficiency of in-house legal teams.
Financials
- Pre-seed – The investment received by Ctrl AI for its spinout from Mishcon de Reya.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ctrl AI | Target Company | Company | A LegalTech company focusing on empowering corporate legal departments with AI-driven solutions. |
| Mishcon de Reya | Selling Company | Company | An international law firm backing innovative LegalTech companies spun out from within the firm. |
| Anup Kollanethu | Co-founder and CEO | Person | Co-founded Ctrl AI, he has experience as a strategic advisor at Mishcon de Reya. |
| James Lisbon | Managing Partner | Person | Managing partner at Mishcon de Reya, supporting the investment in Ctrl AI. |