Spellbook

BYTES OF TOMORROW

Hey there,

Prepare for a tale that's as thrilling as a courtroom drama! Meet Spellbook, the AI co-pilot for lawyers, and get ready for a plot twist that will leave you on the edge of your seat.

Chapter 1: The Buzz Begins

Once upon a time, in the bustling world of legal tech, Spellbook secured a mind-blowing $20 million in a Series A funding round. But this wasn't just any funding; it was a game-changer. With Inovia Capital leading the charge, Spellbook's total funding soared past the $30 million mark.

Chapter 2: A Journey of Innovation

In 2022, Spellbook made its debut as the first-ever generative AI contract drafting tool. Fast forward, and it's been nothing short of a rollercoaster ride. CEO Scott Stevenson couldn't contain his excitement, saying, "We've been amazed by the explosive usage growth our platform has experienced."

Chapter 3: Impressive Numbers

In just seven months, Spellbook's user base swelled by nearly 300%, forging partnerships with over 1,700 law firms and legal teams globally. The revenue story? A jaw-dropping tenfold increase from 2022 to 2023.

Chapter 4: What Lies Ahead

But this is just the beginning of Spellbook's journey. They're setting their sights on a grand mission—scaling into a whopping 30,000 law firms worldwide. And their vision? Leading the charge with AI that mirrors a lawyer's style, streamlines workflows starting from client emails, and is a remarkable 10 times more accurate for contract work than anything else out there.

The Epilogue: Stay Tuned

This isn't the end of the story; it's the beginning of a new chapter in legal tech. To uncover the secrets of Spellbook's vision for the future of legal technology, explore their website.

Keep your legal tech radar on high alert because Spellbook is about to rewrite the rules!

TL;DR

1. Legal tech star Spellbook secures $20 million in Series A funding.

2. Explosive growth sees user base surge by nearly 300% and revenue grow 10-fold.

3. With over $30 million in total funding, Spellbook aims to scale into 30,000 law firms worldwide.

4. Their vision includes AI that mimics a lawyer's style and automates end-to-end workflows with unrivaled accuracy.

Careers

Spellbook is hiring across product, engineering, sales and marketing. Check their careers page out for more information.

Hope you loved this week’s newsletter!

Signing off,

FG