TextMine
7 Albert Buildings, 49 Queen Victoria Street, London, Greater London, EC4N 4SA, United Kingdom
Overview
Legislate provides patented knowledge graph technology that gives companies access to ontologies of legal terms. Its platform makes contracts machine-readable, enabling business users to semantically search, compare, create, query, and sign contracts without outside legal involvement. Customers primarily use Legislate for employment, consultancy, internal contracts, and terms of business agreements. In 2022 the company was granted a second US patent for semantic document generation, further enhancing its technology. Led by founder and CEO Charles Brecque, Legislate had focused on building a solution for startups and scaleups. The company is using the new funds to double down on UK sales and prepare for international expansion in 2023. Legislate provides an AI-based knowledge graph platform that streamlines contract creation and aggregates contract data to unlock actionable insights. The product produces fully fleshed-out, fair agreements (NDAs, tenancy and employment contracts) intended to be enforceable while saving time and cost for users. The company targets smaller customers such as SMEs and individual landlords, while noting larger property rental firms can use the offering to aggregate rental statistics currently stored in legacy spreadsheets. Legislate launched a closed beta in June 2020 and reports it has organically doubled its user base every month since. The platform is positioned to reduce manual error and administrative burden in low-frequency but legally important documents. Financially, Legislate has completed a new funding round following an earlier pre-seed close in January 2020.
- Total raised
- $5M
- Funding rounds
- 2
- Latest round
- Equity
- Latest activity
- Mar 2023
Industries
- Software
Recent funding
Equity
Mar 2023
$4M
Seed
Mar 2021
$1M