Definely Raises $30m in Series B Funding to Bolster AI Expansion
Deal News | Jun 09, 2025 | UK Tech Funding
Definely, an AI-powered legal technology company, has successfully garnered $30 million in a Series B funding round. The round is led by growth investor Revaia, with participation from Alumni Ventures, Beacon Capital, and Clio, as well as early investors such as Octopus Ventures and The Raine Group. Founded in 2020 by Nnamdi Emelifeonwu and Feargus MacDaeid, Definely aims to enhance contract review processes for legal professionals, integrating seamlessly with Microsoft Word to provide contextual analysis of legal documents. The funding will support Definely's expansion into the U.S. market, which currently accounts for 30% of its revenue, and further develop its suite of AI products. Notably, the latest investment increases Definely's total funding to $40 million since its inception. Co-founder Emelifeonwu emphasizes that Definely aims to develop human-first products that tackle real challenges in the legal field, prioritizing sustainable growth over aggressive expansion.
Sectors
- Legal Technology
- Artificial Intelligence
- Venture Capital
Geography
- United Kingdom – Definely is a UK-based company with part of its operations and former roots in London.
- United States – Definely's recent expansion efforts have focused on increasing market presence in the United States, accounting for a significant portion of the company's revenue.
- Europe – The Series B funding round includes investors from Europe, reflecting the company's ties to this region.
- North America – Investments from North America highlight the cross-regional interest in Definely's growth and market potential.
Industry
- Legal Technology – Definely is positioned within the legal technology sector, offering AI-driven solutions to enhance legal contract review and streamline processes for legal professionals.
- Artificial Intelligence – The development and application of AI in Definely's product suite are key aspects of the company's operations, particularly in providing enhanced document analysis for lawyers.
- Venture Capital – Definely's Series B funding round is a prime example of venture capital investment fueling the growth of a promising tech startup.
Financials
- $30m – The sum raised by Definely in its Series B funding round to drive global expansion and AI product development.
- $40m – The total amount of funding Definely has raised since its inception.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Definely | Target Company | Company | An AI-powered legal technology company focused on contract review and enhancing legal processes. |
| Revaia | Leading Investor | Company | A growth investor leading the Series B funding round for Definely. |
| Alumni Ventures | Investor | Company | A venture capital firm participating in Definely's Series B funding round. |
| Beacon Capital | Investor | Company | A venture capital firm participating in Definely's Series B funding round. |
| Clio | Investor | Company | A legal tech company involved in the Series B funding for Definely. |
| Octopus Ventures | Early Investor | Company | An early investor in Definely, participating in the latest funding round. |
| Zrosk Investment Management | Early Investor | Company | An early investor in Definely, participating in the Series B funding. |
| The Raine Group | Early Investor | Company | An investment firm that has been involved with Definely from its earlier stages. |
| Cornerstone VC | Early Investor | Company | An early investor that continues to support Definely in recent fundraising efforts. |
| Nnamdi Emelifeonwu | Co-founder & Chief Executive | Person | Co-founder of Definely, leading the company in developing AI solutions for the legal industry. |
| Feargus MacDaeid | Co-founder | Person | Co-founder of Definely, who has personal experience influencing the company's mission and product development. |