Superlegal Raises $5M to Expand AI Platform for Legal Contract Review

Superlegal Raises $5M in Seed Funding

Key Highlights:

• Seed Funding: Superlegal, an AI platform for legal contract review, raised $5 million in seed funding.
• Investors: Funding led by Aleph and Disruptive AI fund, with participation from Alicorn Venture Capital and Tom Glocer, former CEO of Thomson Reuters.
• Expansion and Development: Funds will be used to expand operations and further develop Superlegal's AI-powered SaaS platform for SMBs.

Superlegal's Target Market

• Target Market: Small and medium-sized businesses (SMBs) in need of an AI-powered platform for legal contract review and management.
• SMBs Without Legal Departments: Businesses that do not have in-house legal departments or rely on outside legal counsel.
• Efficient Contract Handling: Companies seeking a comprehensive SaaS platform to handle contracts and accurately review and advance them.

What Superlegal Needs to Buy

• AI and Machine Learning Expertise: Partnerships with AI and machine learning experts to enhance and refine their AI contract review engine.
• Marketing and Sales Support: Services to help expand Superlegal's customer base and increase market penetration.
• Product Development: Resources to continue developing and improving their AI-powered SaaS platform for legal contract review.