Supio Secures $60M in Series B to Drive AI Legal Platform Expansion
Deal News | May 05, 2025 | Goodwin
Supio, an AI platform specializing in transforming personal injury and mass tort law practices, has successfully raised $60 million in its Series B funding round. This round was led by existing investor Sapphire Ventures and included new investors Mayfield and Thomson Reuters Ventures. With this funding, Supio's total raised capital now stands at $91 million. The company plans to use this new investment to expand its engineering and AI research teams, accelerate product development, and enhance its go-to-market strategies to reach more law firms across the nation. Supio's platform is designed to convert complex legal materials into actionable insights, enhancing the efficiency and outcomes of law firms. The involvement of Goodwin's team in guiding this funding round has been pivotal, with experts from corporate, global trade, and IP sectors contributing significantly to the process.
Sectors
- Legal Technology
- Venture Capital
Geography
- United States – Supio plans to expand its operations to reach more law firms nationwide, implying a focus on the U.S. market.
Industry
- Legal Technology – The article covers Supio, an AI platform advancing legal technology, particularly in personal injury and mass tort law, through innovative document analysis.
- Venture Capital – The article discusses the Series B funding round led by Sapphire Ventures, involving other venture capital firms like Mayfield and Thomson Reuters Ventures.
Financials
- $60 million – The amount raised by Supio in its Series B funding round.
- $91 million – Supio's total funding to date following the Series B round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Supio | Target company | Company | An AI platform that transforms law practices by converting complex legal materials into actionable insights. |
| Sapphire Ventures | Existing investor | Company | A venture capital firm leading the Series B funding round for Supio. |
| Mayfield | New investor | Company | A venture capital firm participating in Supio's Series B round. |
| Thomson Reuters Ventures | New investor | Company | A venture capital entity investing in Supio's Series B round. |
| Goodwin | Legal advisor | Company | A legal firm guiding Supio's Series B funding process. |
| Andrew Sparks, Chris Garcia, Alexa Libro, Krystal J. Lin, Daisy Ramos Garcia, Ce Li, Nate Cunningham, Jacob R. Osborn, Kerry Sherman, Ginggi Storer, Will H. Rixmann | Legal advisors | People | Team members from Goodwin who led the legal advisory for Supio's funding round. |