Source: Plexus
Plexus, AI-powered legal automation platform, secured over $6 million in new funding to accelerate global expansion and AI-led innovation. The raise, led by existing shareholders and Seattle-based Lighter Capital, marks Plexus’ first institutional partnership. The funds will fuel expansion into key international markets, accelerate AI product delivery, and onboard the next wave of exceptional talent.
“Traditional legal operating models simply can’t keep up with the pace of modern business,” said Plexus founder and CEO Andrew Mellett. “We’re witnessing a once-in-a-generation shift: from tracking legal work to getting it done automatically and intelligently.”
“The global legal industry is valued at $1.1 trillion, three times the size of the entire software market. Over the next decade, the industry will shift from consonants and vowels to zeros and ones, and Plexus is at the vanguard of that transformation.”
“This capital gives us the firepower to accelerate what’s already working, build the next wave of AI capabilities, and help our customers scale legal value faster than ever.”
The platform is already used by household brands like Nike, L’Oréal, PepsiCo, Woolworths, AIA, and The Iconic to streamline everything from contract review and negotiation to compliance workflows and approvals.
“Lighter Capital is privileged to support Plexus in their latest financing round,” said Matthew Dowling, Investment Director at Lighter Capital. “With recent growth and solid business metrics, Plexus was a perfect fit for Lighter Capital’s non-dilutive financing. Automation in the legal space is one of the fastest-growing sectors in B2B SaaS, and Plexus is in a great position to capture more of the market.
Read the full article: https://www.plexus.co/news/plexus-secures-6m-to-scale-legal-ai
