Wordsmith AI has raised a $14 million extension to its Series B, led by Intact Private Capital, with participation from existing investors Highland Europe and Index Ventures. FT Ventures has also become a shareholder.
The funding follows a period of rapid growth, with revenue increasing 14x year over year and the platform now used by more than 500 companies, including BT, FT, Sage, Starling, Canva and Safelite.
Built exclusively for in-house legal teams, Wordsmith said the investment will support further expansion in North America and strengthen its presence across the financial services and insurance sectors.
Alexandra Calinikos, Chief Investment Officer at FT Ventures, said: “Wordsmith’s solutions for in-house legal teams are rethinking not only how lawyers work, but also how commercial and legal teams engage with each other.”
Source: Wordsmith
Read the full article: https://www.wordsmith.ai/blog/wordsmith-extends-series-b-with-investment-from-intact-private-capital-and-ft-ventures
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