LegalOn Technologies, a legal tech startup based in Tokyo and San Francisco, raised $50 million in Series E funding led by Goldman Sachs Alternatives. This funding aims to enhance its AI contract review software, which alleviates the manual strain on legal teams. The startup has now raised a total of $200 million since its inception. LegalOn is focused on improving the efficiency of contract management, with its tools currently aiding over 7,000 organizations in Japan, the U.S., and the U.K. The company notably serves 25% of Japan's public companies.
LegalOn Technologies has raised $50 million in Series E funding to enhance its AI contract review software, addressing inefficiencies in the legal contracting process.
The startup's AI contract review tool, Review, identifies risks and suggests edits based on expert legal content, distinguishing it from generic models.
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