LegalOn Raises $50M Series E to Supercharge AI Legal Workflow Tools
LegalOn Secures $50M to Advance AI-Powered Legal Workflow Solutions
LegalOn Technologies, a legal tech startup with headquarters in Tokyo and San Francisco, has announced a $50 million Series E funding round. The investment was led by Growth Equity at Goldman Sachs Alternatives, with continued support from World Innovation Lab and new backing from notable Japanese firms such as Mori Hamada & Matsumoto, Mizuho Bank, and Shoko Chukin Bank.
Streamlining Contract Review with AI
LegalOn addresses one of the most pressing pain points for legal teams: the slow and manual nature of contract review. Traditional processes require lawyers to meticulously comb through dense legal language to flag risks and translate terms for business decisions, which can be time-consuming and prone to error.
- LegalOn's AI contract review tool, Review, leverages attorney-built playbooks and enterprise legal standards to identify risks and suggest edits.
- The company claims its platform can cut review time by up to 85% while improving accuracy and consistency.
Since its inception in 2017 by former corporate lawyers Nozomu Tsunoda and Masataka Ogasawara, LegalOn has grown to serve over 7,000 organizations across Japan, the U.S., and the U.K. The company now supports a quarter of all public companies in Japan, underscoring its strong market presence.
Expanding Product Offerings and Global Reach
The recent funding brings LegalOn's total raised to $200 million. This new capital will go towards scaling agentic AI product development and accelerating business expansion in the U.S. and U.K.—regions where LegalOn's client base has quadrupled in the past year.
LegalOn recently launched Matter Management, a tool designed to help legal teams track, assign, and collaborate on contract requests efficiently across departments.
Strategic Partnership with OpenAI
In a notable move, LegalOn has entered a technical partnership with OpenAI, gaining early access to advanced AI models. This collaboration is expected to accelerate the development of next-generation legal AI agents, further enhancing LegalOn's proprietary expertise and content.
The Competitive AI Legal Tech Landscape
Investor interest in legal tech continues to surge worldwide. For example, Harvey AI recently raised $300 million in Series E funding, boosting its valuation to $5 billion, while Clio reached a $3 billion valuation after its own major round last year.
AI as a Legal Team Enabler
Despite rapid advancements in generative AI, LegalOn's leadership emphasizes that AI is meant to empower—not replace—lawyers. As Daniel Lewis, Global CEO of LegalOn, explains, "Lawyers are still in the driver’s seat. The things AI can’t do perfectly today are, by definition, the things only people can do. And the lawyers who lean into that responsibility—to oversee, to edit, to exercise judgment—are the ones seeing the most extraordinary leverage from AI right now."
Looking Ahead
With over 600 employees and ongoing product innovation, LegalOn is poised to further transform how legal teams manage contracts and collaborate across organizations. The company aims to launch even more advanced AI agents by 2025, reinforcing its mission to streamline legal workflows from request to resolution.
