A legal tech start-up founded by two former Freshfields lawyers is making waves in the industry with a £6m funding round led by Octopus Ventures. Definely, established in 2020, specializes in aiding the drafting of contracts for major law firms, including A&O Shearman and Slaughter & May, to streamline their processes and save time.
The company, co-founded by Feargus MacDaeid and Nnamdi Emelifeonwu, is set to announce the successful funding deal this week, with plans to expand to the US and offer retention plans for key staff. With a team of 60 employees, Definely is already working with clients outside the legal sector, such as Deloitte and P&O Cruises, showcasing the versatility of their services.
Mr. Emelifeonwu expressed the company’s dedication to innovation in the legal tech landscape, stating, “Our commitment lies in harnessing the power of innovation to redefine excellence.” With the support of Octopus Ventures and their GenAI technology, Definely aims to set a new standard of proficiency in legal solutions across various industries.
Octopus Ventures, known for backing successful start-ups like Elvie and Olio, sees great potential in Definely’s unique approach to improving legal workflows. As the company diversifies its product offerings and expands its reach, the future looks promising for this dynamic legal tech start-up. Stay tuned for more updates on Definely’s journey towards reshaping the legal industry with cutting-edge technology.